08:34 AM EST, 12/19/2024 (MT Newswires) -- Visa (V) said Thursday it has completed its acquisition of Featurespace, a developer of artificial intelligence payments protection technology that guards against fraud and financial crime risks.

The company said it will work with Featurespace to incorporate its tools into Visa's fraud prevention and risk assessment offerings at its risk and identity solutions business unit.

The integration "will bolster Visa's fraud protection capabilities and enhance security for its customers and consumers worldwide," the company said.