Reported by Lekha Gupta

Visa Inc. (NYSE:V) shares are trading higher on Thursday. The company inked a deal to acquire Featurespace for an undisclosed amount.

Featurespace is a developer of real-time AI payments protection technology that addresses fraud and financial crime risks.

This acquisition is expected to enhance Visa’s portfolio of fraud detection and risk-scoring solutions, supporting clients globally in growing and safeguarding their businesses.

The partnership between Visa and Featurespace is projected to empower clients to manage fraud in real-time and strengthen the payments ecosystem through AI-driven solutions.

Read full report: https://finance.yahoo.com/news/visa-takes-financial-crime-acquires-140224276.html