The combination of Visa’s network tokenization capabilities with the local and account tokenization technology of Rambus is aimed to streamline payments across all forms of global commerce.
Visa offers tokenization capabilities through Visa Token Service for card-based payments on the Visa network. Rambus’ token technology will enable Visa to extend the security of tokenization to all types of transactions beyond Visa cards, including those on domestic card networks, account-based, and real-time payments systems.
The transaction is subject to relevant regulatory approvals and other customary closing conditions.
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