Visa Inc. (V) vs. Mastercard Incorporated (MA): Visa Bets $2.4 Billion on Stopping AI-Powered Fraud
On August 3, 2024, Visa Inc. (NYSE:V) agreed to buy Tel Aviv-based fraud detection startup BioCatch for $2.4 billion in cash, its biggest move yet to fight the wave of AI-powered scams hitting the payments industry. The deal comes just days after rival Mastercard …
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