Visa has signed a definitive agreement to acquire the token services and ticketing businesses of Rambus for undisclosed amount.

The acquisition will enable Visa to combine Rambus’ account tokenisation technology with its network tokenization capabilities. The combination will ensure more secure payments across all forms of global commerce.

Tokenisation refers to a process of securing card payments by replacing sensitive data with unique identification symbols. Visa Token Service launched in 2014. After the launch the company made significant strides in scaling up tokenisation for card-based payments.

Visa acquisition of Rambus

The company has enabled 100 markets for tokenisation, providing the capability to nearly 90% of its total payment volume. Its token platform now comprises more than 60 global token requestors.

With Rambus technology, Visa will extend security of tokenisation to all types of transactions beyond Visa cards. The scope of tokenisation will include domestic card networks, account-based and real-time payments systems.

Visa SVP, global head of payment products and platforms TS Anil said: “Facilitating safer, more secure digital transactions is core to Visa’s brand promise and central to growing electronic payments for everyone, everywhere.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData

Tick here to opt out of curated industry news, reports, and event updates from Electronic Payments International.

Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

“As the way people and businesses pay and get paid continues to evolve, the addition of Rambus’ technology will allow us to deliver greater security beyond the card to support more transactions, payments systems and participants.

“Going forward, we will apply these expanded capabilities, expertise and scale to help further all forms of global commerce.”

Additionally, Rambus’ digital ticketing portfolio will help Visa in delivering transit and mobility solutions to public transit operators.

The acquisition of Rambus businesses is subject to necessary regulatory approvals and other customary closing conditions.