Anti-Financial Crime & Financial Crime Compliance
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Financial Crime, US

Mastercard spends $2.65 billion to buy U.S. fincrime company Recorded Future

A Mastercard logo is seen on a credit card in this picture illustration August 30, 2017. REUTERS/Thomas White//File Photo

By Arasu Kannagi Basil

Mastercard has agreed to buy threat intelligence company Recorded Future from private equity firm Insight Partners for $2.65 billion, the payments company said on Thursday.

The acquisition will bring expanded threat intelligence capabilities to the New York-based payments firm, which recorded $9 trillion in gross dollar volumes last year, a metric that represents the total dollar value of all transactions processed.

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