Visa acquires CardinalCommerce
In a world where online payments slowly become very popular in all markets, securing such transactions is not always an easy task. Well-known brand Visa has just made a move in this direction by signing an agreement to acquire its partner, CardinalCommerce.
According to the official press release, "The acquisition will enable more secure, seamless payments, whether made through a browser, mobile app, or connected device, and will help Visa’s clients and merchant partners accelerate digital commerce."
Visa has plans to integrate tokenization into Visa Checkout over the next 18 months, so "the addition of Cardinal will allow more seamless integration of 3-D Secure and delivery of these new fraud mitigation capabilities to merchants."
The Cardinal brand will not cease to exist, as it will continue to operate as a wholly-owned subsidiary of Visa. Its authentication platform will also remain in service, providing support to a wide range of payment brands and partners.
As it usually happens with such transactions, the financial details have not been disclosed and, being subject to customary closing conditions, the deal is expected to close in Visa's second fiscal quarter 2017.
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