Reportedly, Visa Inc. (NYSE: V) has acquired token services and ticketing businesses from a premier silicon IP and chip provider, Rambus, to enable deliver data faster and safer and strengthen Visa’s tokenization capabilities.
The acquisition is believed to intensify Visa’s tokenization capabilities on the Visa network, enabling Visa’s tokenization services to reach new markets including countries where Rambus operates. Rambus’ local and account tokenization technology along with Visa’s global network and industry-leading Token Service will secure payment solutions. The combined efforts will offer and enhance faster, seamless, convenient transit ticketing experience to customers and will expand Visa’s current mobility solutions.
Visa Inc. (NYSE: V) is the world’s leader in digital payments. Their mission is to connect the world through the most innovative, reliable and secure payment network – enabling individuals, businesses and economies to thrive. Their advanced global processing network, VisaNet, provides secure and reliable payments around the world and is capable of handling more than 65,000 transaction messages a second. The company’s relentless focus on innovation is a catalyst for the rapid growth of connected commerce on any device, and a driving force behind the dream of a cashless future for everyone, everywhere. As the world moves from analog to digital, Visa is applying its brand, products, people, network and scale to reshape the future of commerce. To learn more about Visa (V) and to track its ongoing progress please visit the Vista Partners Visa (V), Coverage Page.
Vista Partners LLC (”Vista”) is a California Registered Investment Advisor based in San Francisco. Vista delivers timely and relevant insights via the website: www.vistapglobal.com with daily stories, weekly market updates, monthly macroeconomic newsletters, podcasts, & Vista’s proprietary equity and market research to help you stay informed and stay competitive. Vista’s mission is to invest partner capital while arming investors with a comprehensive global financial perspective across all market sectors. Vista also seeks to provide select issuers with actionable advice regarding fundamental development, corporate governance, and capital market directives.
Stay Informed! Stay Competitive! Sign Up to receive FREE email updates here!
oct3(16)Post View Count : 569