Visa to buy fraud-detection firm BioCatch for $2.4 billion

Visa is acquiring Tel Aviv-based fraud detection startup BioCatch for $2.4 bi l l i o nin c a s h f r o m p r i v a t ee q u i t y f i r m P er mi r aan d o t h er in v es t or s . T h e d e a l ce n t er so n B i o C a t c h^{'} s b e ha v i or a l bi o m e t r i cs t ec hn o l o g y, w hi c hana l y z es t y p in g c a d e n ce, t o u c h scr ee n s w i p es an dd e v i ce han d l in g t oc a t c h sc am s b e f or e p a y m e n t socc u r . T h e t r an s a c t i o n w i l l b o l s t er V i s a^{'} s v a l u e - a dd e d ser v i ces d i v i s i o n . C l osee x p ec t e d b y e n d o f V i s a f i sc a l Q 22027, s u bj ec tt or e g u l a t or y a pp r o v a l s . V i s a es t ima t essc am s an d a cco u n tt ak eo v er scos tt h e g l o ba l eco n o m y m or e t han$ 1 trillion annually. BioCatch said it protects 760 million users across roughly 350 banks.

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Visa to buy fraud-detection firm BioCatch for $2.4 billion

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