{"slug": "visa-to-buy-israeli-fraud-prevention-firm-biocatch-for-2-4-billion-in-cash", "title": "Visa to buy Israeli fraud-prevention firm BioCatch for $2.4 billion in cash", "summary": "Visa Inc. agreed to acquire BioCatch, an Israeli fraud-prevention firm that uses artificial intelligence to detect fraud, for $2.4 billion in cash from Permira and other shareholders, with the deal expected to close in the fiscal second quarter of 2027. BioCatch, which serves over 350 banking clients globally, will help Visa clients stop fraud before payment, as account takeovers and scams cost the global economy over $1 trillion annually, according to Visa's president of value-added services, Andrew Torre.", "body_md": "**Getting your**\n\n[Trinity Audio](//trinityaudio.ai)player ready...**By Paige Smith, Bloomberg**\n\n[Visa Inc.](https://www.mercurynews.com/2026/07/29/visa-to-cut-7-of-workforce-as-ceo-seeks-to-revamp-company/) struck a deal to buy BioCatch, which uses artificial intelligence to detect fraud, for $2.4 billion in cash.\n\nThe company is purchasing BioCatch from funds advised by Permira and other shareholders, and the transaction is expected to close in the fiscal second quarter of 2027, according to a statement Monday. BioCatch works with more than 350 banking clients across the world.\n\n**RELATED: Visa to cut 2,600 jobs as CEO seeks to revamp company**\n\n“Account takeovers and scams cost the global economy over $1 trillion annually and AI is enabling these attacks at unprecedented scale,” Andrew Torre, Visa’s president of value-added services, said in the statement. “BioCatch will help our clients stop fraud before it reaches the point of payment.”\n\nAs the largest payment network in the world, Visa invests heavily in anti-fraud tools and other value-added services to help both consumers and businesses safely transact. San Francisco-based Visa reported earnings last week that beat estimates and slightly raised its full-year revenue growth outlook after announcing it would cut roughly 2,600 jobs.\n\nBioCatch uses AI and machine learning to analyze consumer patterns like keystrokes and touch gestures to discern legitimate from fraudulent users, according to the statement. Permira acquired a majority stake in the Tel Aviv-based company in 2024.\n\n“Real-time insights into customer intent continue to grow increasingly essential for institutions to establish trust within digital banking sessions,” BioCatch Chief Executive Officer Gadi Mazor said in the statement.\n\nMore stories like this are available on [bloomberg.com](https://www.bloomberg.com)\n\n©2026 Bloomberg L.P.", "url": "https://wpnews.pro/news/visa-to-buy-israeli-fraud-prevention-firm-biocatch-for-2-4-billion-in-cash", "canonical_source": "https://www.mercurynews.com/2026/08/04/visa-to-buy-fraud-prevention-firm-biocatch/", "published_at": "2026-08-04 18:09:14+00:00", "updated_at": "2026-08-04 18:46:22.616826+00:00", "lang": "en", "topics": ["artificial-intelligence", "machine-learning"], "entities": ["Visa Inc.", "BioCatch", "Permira", "Andrew Torre", "Gadi Mazor"], "alternates": {"html": "https://wpnews.pro/news/visa-to-buy-israeli-fraud-prevention-firm-biocatch-for-2-4-billion-in-cash", "markdown": "https://wpnews.pro/news/visa-to-buy-israeli-fraud-prevention-firm-biocatch-for-2-4-billion-in-cash.md", "text": "https://wpnews.pro/news/visa-to-buy-israeli-fraud-prevention-firm-biocatch-for-2-4-billion-in-cash.txt", "jsonld": "https://wpnews.pro/news/visa-to-buy-israeli-fraud-prevention-firm-biocatch-for-2-4-billion-in-cash.jsonld"}}