Visa Buys Token Services Business from Rambus for $75 Million

Date : 06/25/2019 @ 2:30PM
Source : Dow Jones News
Stock : Rambus Inc (RMBS)
Quote : 13.82  0.31 (2.29%) @ 1:00AM
After Hours
Last Trade
Last $ 13.80 ▼ -0.02 (-0.14%)

Visa Buys Token Services Business from Rambus for $75 Million

Visa (NYSE:V)
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By Chris Wack

 

Visa Inc. (V) said Tuesday that it is buying the token services and ticketing businesses from Rambus Inc. (RMBS) for $75 million in cash.

Visa intends to use the tokenization technology to replace sensitive payment information with a unique identifier, or "token," to make digital payments safer.

 

Write to Chris Wack at chris.wack@wsj.com

 

(END) Dow Jones Newswires

June 25, 2019 10:15 ET (14:15 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.

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