{"id":796097,"date":"2024-12-19T08:03:47","date_gmt":"2024-12-19T13:03:47","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/visa-completes-acquisition-of-featurespace\/"},"modified":"2024-12-19T08:03:47","modified_gmt":"2024-12-19T13:03:47","slug":"visa-completes-acquisition-of-featurespace","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/visa-completes-acquisition-of-featurespace\/","title":{"rendered":"Visa Completes Acquisition of Featurespace"},"content":{"rendered":"

<\/p>\n

\nVisa Completes Acquisition of Featurespace<\/p>\n

Clients around the world will experience superior fraud detection and risk-scoring solutions<\/i><\/p>\n

LONDON & SAN FRANCISCO–(BUSINESS WIRE<\/a>)–
\nVisa (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\u2019s fraud protection capabilities and enhance security for its customers and consumers worldwide.<\/p>\n

\nVisa will add Featurespace\u2019s capabilities into its range of fraud prevention and risk-scoring offerings. By combining the two companies\u2019 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.<\/p>\n

\nAntony Cahill, President, Value-Added Services at Visa, said: \u201cWe are thrilled to welcome Featurespace to Visa. Both our companies have been at the forefront of using AI to solve longstanding challenges and pain points in the payments industry. Together, we will offer a valuable combination of cutting-edge technology and industry expertise to help our clients continue to grow amidst an increasingly complex threat landscape.\u201d<\/p>\n

\nOver the coming months, Featurespace\u2019s product portfolio will be incorporated into Visa\u2019s existing offering, expanding the available range of fraud prevention solutions and use cases. The Featurespace and Visa teams will bring together their knowledge, modelling methodologies and tools to further enhance the joint offering.<\/p>\n

\nDave Excell, Founder of Featurespace, added: \u201cWe developed our innovations to help crack even the most complex fraud cases. As part of Visa, we will be able to set a new standard in AI-powered fraud prevention and integrate our solutions into a series of products and services that will help make the world a safer place to transact.\u201d<\/p>\n

\nThe Featurespace business will become part of Visa\u2019s Risk and Identity Solutions business unit.<\/p>\n

About Visa<\/b><\/p>\n

\nVisa (NYSE: V) is a world leader in digital payments, facilitating transactions between consumers, merchants, financial institutions and government entities across more than 200 countries and territories. Our mission is to connect the world through the most innovative, convenient, reliable and secure payments network, enabling individuals, businesses and economies to thrive. We believe that economies that include everyone everywhere, uplift everyone everywhere and see access as foundational to the future of money movement. Learn more at Visa.com<\/a>.<\/p>\n

About Featurespace<\/b><\/p>\n

\nFeaturespace is a global, AI-native transaction monitoring company that helps to prevent fraud and financial crime. Using artificial intelligence, it analyses data in real time to identify and stop existing and new forms of fraud and financial crime.<\/p>\n

\nDelivering on its mission to make the world a safer place to transact, Featurespace works with many of the world\u2019s largest banks and financial institutions, protecting 500 million consumers globally and safely processing over 100 billion payment events each year.<\/p>\n

\nOver 100,000 businesses put their trust in Featurespace\u2019s technology including HSBC, NatWest, TSYS, Worldpay, Danske Bank, Akbank and Edenred. Founded in 2008, and headquartered in Cambridge, UK, Featurespace has more than 400 team members, operating globally from six locations.<\/p>\n

\nLearn more at featurespace.com<\/a>.<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20241218857122\/en\/<\/a><\/span><\/p>\n

\nFletcher Cook, +1 650-432-2990, press@visa.com<\/a><\/p>\n

\nMark Hooper, +44 7795 5336, europeanmedia@visa.com<\/a> \u00a0<\/p>\n

\nKendra Rogers, +44 1223 345940, kendra.rogers@featurespace.co.uk<\/a><\/p>\n

KEYWORDS:<\/b> California Europe United States United Kingdom North America<\/p>\n

INDUSTRY KEYWORDS:<\/b> Technology Payments Finance Fintech Banking Electronic Commerce Professional Services Software Artificial Intelligence<\/p>\n

MEDIA:<\/b><\/p>\n\n","protected":false},"excerpt":{"rendered":"

Visa Completes Acquisition of Featurespace Clients around the world will experience superior fraud detection and risk-scoring solutions LONDON & SAN FRANCISCO–(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\u2019s fraud protection capabilities and enhance security for its customers and consumers worldwide. Visa will add Featurespace\u2019s capabilities into its range of fraud prevention and risk-scoring offerings. By combining the two companies\u2019 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 … <\/p>\n

Continue reading “Visa Completes Acquisition of Featurespace”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-796097","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nVisa Completes Acquisition of Featurespace - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/visa-completes-acquisition-of-featurespace\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Visa Completes Acquisition of Featurespace - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Visa Completes Acquisition of Featurespace Clients around the world will experience superior fraud detection and risk-scoring solutions LONDON & SAN FRANCISCO–(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\u2019s fraud protection capabilities and enhance security for its customers and consumers worldwide. Visa will add Featurespace\u2019s capabilities into its range of fraud prevention and risk-scoring offerings. 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