Visa Buys Featurespace to Bolster Fraud Prevention Efforts
Visa(V) PYMNTS.com·2024-09-26 22:03
Visa says it is acquiring payments protection technology firm Featurespace to boost its anti-fraud capabilities.“Since its inception out of Cambridge University’s engineering department, Featurespace has developed innovative algorithmic-based solutions to analyze transaction data and detect even the most elusive fraud cases,” the payments giant said in a news release Thursday (Sept. 26).The company did not provide a cost for the acquisition, though a report last month suggested a price tag of $925 million. ...