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.
IP Group PLC (LSE:IPO) is set to realise a 485% return on its investment into Mike Lynch-backed fraud-detection group Featurespace following an acquisition by global payment giant Visa. FTSE 250-listed IP Group will receive £134 million in cash following the acquisition, making for a bumper return from £22.9 million worth of investments over seven financing rounds.
Visa has agreed to buy Featurespace, a developer of real-time artificial intelligence payments protection technology, the payments firm said on Thursday.
LONDON & SAN FRANCISCO--(BUSINESS WIRE)--Visa (NYSE: V) today announced it has signed a definitive agreement to acquire Featurespace, a developer of real-time artificial intelligence (AI) payments protection technology that prevents and mitigates payments fraud and financial crime risks. The acquisition of Featurespace will complement and strengthen Visa's portfolio of fraud detection and risk-...
NEW YORK, Sept. 25, 2024 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, is investigating potential claims against Visa Inc. (“Visa” or the “Company”) (NYSE: V) on behalf of Visa stockholders. Our investigation concerns whether Visa has violated the federal securities laws and/or engaged in other unlawful business practices.
Visa stock continues to fall after the Justice Department accused the payments giant of monopolizing the debit card market. Here's what investors need to know.
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