.Payments giant Visa (NYSE: V) on Thursday revealed its intent to get Featurespace, a designer of real-time artificial intelligence (AI) payments security technology that prevents as well as minimizes payments fraud as well as financial unlawful act risks.Visa thinks achievement of Featurespace are going to enhance and also reinforce Visa's portfolio of fraud detection as well as risk-scoring answers currently in position and deliver considerable perks to banks, individuals, and the wider settlements industry.Nurtured at Cambridge University's engineering department, Featurespace has actually established ingenious algorithmic-based options to study purchase information as well as detect also the hard-to-find fraud instances." Supplying our customers with services that can adjust to as well as foresee the transforming danger landscape is actually of the utmost significance," pointed out Antony Cahill, Global Scalp of Value-added Solutions at Visa. "Featurespace's powerful groundwork in AI will enhance our existing item profile and also permit us to resolve our customers' very most complex and also pressing challenges.".The consolidated skills of Visa and Featurespace will definitely allow customers to take care of fraudulence in real-time and additional protect the settlements environment using AI-fueled services. This financial investment builds on Visa's devotion to environment surveillance.The transaction is expected to close in fiscal year 2025.Information of Visa's plans to acquire Featurespace comes lower than two full weeks after Mastercard declared it will obtain danger intelligence company Tape-recorded Future coming from private equity organization Idea Partners for $2.6 billion.Connected: Hazard Cleverness Company Captured Future Gotten for $780 MillionAdvertisement. Scroll to carry on reading.Related: Captured Future Acquires SecurityTrails in $65M Bargain.Connected: Inside Mastercard's Require Continual Security.Related: CISO Conversations: Mastercard, Ellie Mae Safety Chiefs Discuss the People Problem.