Visa Buys Token Services Business from Rambus for $75 Million
June 25 2019 - 10:30AM
Dow Jones News
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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