Visa acquires BioCatch for $2.4B to supercharge fraud detection with behavioral biometrics

Visa is buying BioCatch for $2.4 billion because AI scams now cost the global economy $1 trillion a year

Visa is acquiring BioCatch for $2.4B in cash. The startup detects fraud by analysing typing cadence and touchscreen pressure. It protects 760 million users across 350 banks.