Key facts
- Visa is acquiring fraud intelligence provider BioCatch.
- The deal is valued at $2.4 billion.
- The transaction is an all-cash purchase.
Card giant Visa announced on Monday that it will acquire fraud intelligence provider BioCatch for $2.4 billion in an all-cash transaction. The move signifies a major push by Visa into the realm of fraud prevention technology, leveraging BioCatch's expertise in analyzing digital behavior to detect and prevent fraudulent activities.