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What Visa's $2.4B BioCatch deal means for your bank
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Processing ContentVisa agreed Monday to pay $2.4 billion for a company that watches not card transactions but how bank customers type.
The deal hands Visa a fraud tool already installed across much of U.S. retail banking.
BioCatch protects 760 million users and serves more than 350 banking clients, analyzing 19 billion sessions a month, according to Visa's Monday announcement .
Once the deal closes, the U.S. banks running BioCatch will buy their fraud detection from a company with which they also negotiate card terms.
The complaint asks the court to bar Visa from "bundling credit services or credit incentives with debit network services."