Visa paid $2.4 billion to buy BioCatch to strengthen cyber security

On 4 August, Visa announced that it would use $2.4 billion in cash to acquire the fraud intelligence service, BioCatch, to enhance its network security capabilities. The transaction will help the world ' s largest payment processor to further strengthen its existing network security-related services and enable it to help clients better protect themselves in an increasingly complex threat environment. The transaction is expected to be completed by the end of the second quarter of the 2027 fiscal year, pending regulatory approval。