Visa is acquiring behavioral biometrics and analysis for fraud detection pioneer BioCatch in a $2.4 billion cash deal. While the implied multiple on earnings is high, BioCatch’s established customer base, growth and unique portfolio and IP make it something of a biometric fraud prevention outlier. The company has been steadily adding additional signals from the application, network and device levels to its behavioral biometrics capabilities. Visa leans into security, fraud preventionVisa’s investments over recent years in digital identity and fraud prevention technologies have included work on payment passkeys, tools for AI agent fraud prevention like the recently-launched Visa Vulnerability Agentic Harness and connections between the payment ecosystem and digital ID wallets. Article TopicsAI fraud | behavioral biometrics | BioCatch | biometrics | fraud prevention | Visa