The deal comes just days after rival Mastercard Incorporated (NYSE:MA) posted its own strong quarterly results. Visa says the technology is critical as generative AI makes fraud cheaper and more convincing. Visa Inc. (V) vs. Mastercard Incorporated (MA) : Visa Bets $2.4 Billion on Stopping AI-Powered FraudVisa's Bull and Bear CaseBioCatch already protects 760 million users across more than 350 banks in 21 countries. BioCatch's revenue and gross profit both roughly tripled under its previous owner, Permira, showing real momentum behind the technology Visa just bought. Visa has invested more than $13 billion in fraud and technology infrastructure over the past five years, a sustained commitment rather than a one-time purchase.