Visa Completes Acquisition of Featurespace [Yahoo! Finance]
HSBC Holdings, plc. (HSBC)
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hsbc.com/investor-relations
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Source: Yahoo! Finance
LONDON & SAN FRANCISCO, December 19, 2024 BUSINESS WIRE )--Visa (NYSE: V) today announced it has completed its acquisition of Featurespace, a developer of real-time artificial intelligence (AI) payments protection technology that prevents and mitigates payments fraud and financial crime risks. This will bolster Visa's fraud protection capabilities and enhance security for its customers and consumers worldwide. Visa will add Featurespace's capabilities into its range of fraud prevention and risk-scoring offerings. By combining the two companies' highly complementary products and tools, customers will have access to enhanced fraud protection services to help keep their businesses safe and secure, including real-time detection of sophisticated fraud attacks, without adding friction to the user experience. Antony Cahill, President, Value-Added Services at Visa, said: "We are thrilled to welcome Featurespace to Visa. Both our companies have been at the forefront of using AI to solve l
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