Visa Completes Acquisition of Featurespace to Enhance Fraud Protection Capabilities

Visa has finalized its acquisition of Featurespace, a company specializing in real-time artificial intelligence (AI) payments protection technology. The acquisition aims to strengthen Visa's fraud protection capabilities and provide increased security for its global customers and consumers. The addition of Featurespace's capabilities will expand Visa's range of fraud prevention and risk-scoring offerings, offering enhanced fraud protection services without compromising the user experience.

The integration of Featurespace's product portfolio into Visa's existing offering will further broaden the available range of fraud prevention solutions and use cases. Featurespace's business will now operate as part of Visa's Risk and Identity Solutions business unit. The acquisition is expected to set a new standard in AI-powered fraud prevention, integrating innovative solutions into a series of products and services.

Visa is a global leader in digital payments, while Featurespace is a global, AI-native transaction monitoring company focused on preventing fraud and financial crime.

Source: Business Wire