Digital payments leader Visa (NYSE: V) is to acquire the token services and ticketing businesses, formerly Bell ID and Ecebs LTD, from Rambus (NASDAQ: RMBS), a premier silicon IP and chip provider dedicated to delivering fast and safe data.
The amount of the transaction, subject to relevant regulatory approvals and other customary closing conditions, was not disclosed.
The combination of Visa’s network tokenization capabilities with the local and account tokenization technology of Rambus will facilitate secure payments across all forms of global commerce. Rambus’ token technology will enable the company to extend the security and convenience of tokenization to all types of transactions beyond cards, including those on domestic card networks, account-based and real-time payments systems.
Visa is one of the industry leaders in tokenization technology which replaces sensitive payment information with a unique identifier, or “token”, to make digital payments safer. Today, the company offers these capabilities through Visa Token Service for card-based payments on the Visa network.
Beyond tokenization, Rambus’ digital ticketing portfolio and expertise in transit complement the company’s commitment to delivering global transit and mobility solutions to public transit operators, technology partners and cities around the world.