Remove Acquirers Remove Fraud Prevention Remove Value Added Service
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Visa to Acquire AI Fraud Detection Firm Featurespace

Fintech News

Payment giant Visa is set to acquire Featurespace, a company specialising in artificial intelligence (AI) technology for real-time payments fraud protection. Founded in 2008 at Cambridge University, Featurespace has developed AI-driven algorithms that can detect complex fraud patterns in transaction data.

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Visa to Acquire Featurespace

Finovate

Visa is acquiring fraud prevention company Featurespace to enhance its own fraud detection and risk-scoring solutions. Visa signed an agreement to acquire fraud prevention company Featurespace today. based company offers AI-based tools that analyze transaction data to detect fraud. .

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barq Signs Agreement With Mastercard to Empower Businesses With Advanced Payment Acceptance Technology

Fintech Finance

The strategic agreement will see barq leverage Mastercard Gateway technology to further equip its merchants and consumers around the Kingdom with greater access to a wide range of value-added services — responsive, personalised solutions that cater to their unique needs and preferences.

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Network International Joins Huawei to Consolidate the UAE’s Leading Position in E-Commerce

The Fintech Times

Network International revealed it will support customers in the market by providing omnichannel digital payment offerings, including card issuing and acquirer processing services, transaction switching capabilities, as well as value-added services.

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The battle for merchant deposits: How the fintech sector is challenging banks’ core business

The Payments Association

While banks still hold the majority of merchant relationships and dominate acquiring market share in most regions, they face an existential risk. The market share distribution between traditional banks and fintechs in the merchant services/acquiring space has been evolving over time. billion in 2024.

FinTech 88
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Generative AI in Payments: 4 Use Cases to Increase Revenue and Optimise Costs

Fintech News

For instance, Nexi, the pan-European acquirer serving two million merchants, launched a project in 2021 to integrate machine learning into its infrastructure, enhancing its risk management, marketing, and operations. The rise of Genereative AI in payments is transforming the sector significantly. Source: OpenWay 2.

Use Case 106
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An Overview of the Payments Ecosystem in 2024

Clearly Payments

From independent sales organizations (ISOs) and payment facilitators (PayFacs) to acquirers, card associations, and beyond, each entity plays a unique role in shaping the payment industry. Yet, they grapple with issues such as fraud prevention and competition from innovative fintech startups. With over 7.2