By ISN MagazineThe global payments industry is entering a new era as Visa has announced plans to acquire fraud prevention specialist BioCatch in a deal valued at approximately $2.4 billion. It represents a strategic move to strengthen the security of billions of digital transactions at a time when online fraud is becoming increasingly sophisticated. Visa believes combining BioCatch’s behavioural intelligence with its global payment network will significantly strengthen fraud detection while improving the customer experience. Safer digital transactions help increase consumer confidence, reduce chargebacks and minimise financial losses associated with fraudulent purchases. As e-commerce continues to grow, secure payment systems are becoming a competitive advantage for merchants operating in increasingly digital markets.