Visa gains after $2.4 billion BioCatch deal
03/08/2026 13:57
BUZZ-Visa gains after $2.4 billion BioCatch deal ** Shares of card giant Visa V.N rise 1.4% to $371.24 in premarket trading
** Visa says it will buy fraud intelligence provider BioCatch for $2.4 billion in cash from funds advised by Permira and other shareholders
** "Account takeovers and scams cost the global economy over $1 trillion annually and AI is enabling these attacks at unprecedented scale," said Andrew Torre, president of value-added services, Visa** The transaction is expected to close by the end of Visa's fiscal second quarter of 2027
** As of last close, stock up 4.4% YTD
(Reporting by Pragyan Kalita in Bengaluru)
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