Visa M&A Deal

Morrison Foerster advised longstanding client Visa in connection with the completion of its acquisition of Featurespace, a developer of real-time artificial intelligence payments protection technology that prevents and mitigates payments fraud and financial crime risks.

Visa is a world leader in digital payments, facilitating transactions between consumers, merchants, financial institutions, and government entities across more than 200 countries and territories. Visa will add Featurespace’s capabilities into its range of fraud prevention and risk-scoring offerings.

Over the coming months, Featurespace’s product portfolio will be incorporated into Visa’s existing offering, expanding the available range of fraud prevention solutions and use cases. The Featurespace and Visa teams will bring together their knowledge, modelling methodologies, and tools to further enhance the joint offering.

“Providing our clients with solutions that can adapt to and anticipate the changing threat landscape is of the utmost importance. Featurespace’s strong foundation in AI will enhance our existing product portfolio and enable us to address our clients’ most complex and pressing challenges.” – Antony Cahill, Global Head of Value-Added Services, Visa