Visa to Acquire Featurespace for Real-Time AI Payment Protection
Visa has agreed to acquire Featurespace to enhance its existing fraud detection solutions, offering real-time AI-based protection against payment fraud and financial crime.
Visa has agreed to acquire Featurespace to enhance its existing fraud detection solutions, offering real-time AI-based protection against payment fraud and financial crime.
Critics from the government watchdog argue that the Visa-Mastercard duopoly burdens businesses and customers with high fees.
Visa is currently partnering with companies such as Paytm and PayU to promote digital payment practices in India.
The giant of the global payment industry, Visa, announced the launch of a partnership with Revolut, a London-based fintech company, in the area of cross-border transactions belonging to the business operations category.
The new Axis Bank credit card product developed in partnership with Visa targets ultra-high net worth customers in India.
The Reserve Bank of India (RBI) imposed penalties on Visa, Manappuram Finance, and Ola Financial Services for non-compliance.
Visa said that as a result of its activities investing in artificial intelligence and other technologies, last year, through the use of advanced functional solutions to ensure financial security, it managed to block the process of making 80 million fraudulent transactions totaling $40 billion.
Commercial Bank of Dubai cooperates with Visa in the area of credit and debit cards, core data assets and insights, and marketing initiatives.
Visa has launched a real-time artificial intelligence-based fraud detection service in the United Kingdom.
Dwolla and Visa announced a joint effort to simplify the process for medium and large businesses to use the pay-by-bank system to make payments and receive transactions of the corresponding category.
On Wednesday, March 27, the payment industry giant Visa announced plans to implement artificial intelligence tools in three new apps as part of its fraud and risk management technology platform to protect merchants, issuers, and consumers.
Visa and Mastercard, two of the world’s largest credit card networks, and banks that issue cards with these companies, have agreed to settle an antitrust case lasting almost 20 years initiated by merchants.
Visa and Western Union have entered into a new agreement in the sphere of cross-border payment transactions.
Cooperation between the Visa payment network and Web3 infrastructure provider Transak will facilitate crypto-to-fiat withdrawals without centralised exchanges involved.
Visa announced the beginning of cooperation with the biometric company TECH5.
Alchemy Pay has entered into a strategic partnership with Worldpay acquirer to enhance its fiat-crypto payment gateway with credit and debit card functionality.
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