27 April 2017
visit http://events.sap.com/gb/fsi-forum-2017/en/home

Visa to acquire Cardinal Commerce

02 December 2016  |  6679 views  |  0 buy and sell button

Visa has agreed to buy e-commerce authentication firm Cardinal Commerce to beef up security in card-not-present channels whether through a browser, mobile app, or connected device.

As Visa moves to integrate tokenisation into Visa Checkout over the next 18 months, the card scheme says the addition of Cardinal will allow more seamless integration of 3-D Secure and delivery of new fraud mitigation capabilities to merchants.

Mark Nelsen, senior vice president of risk and authentication products at Visa, says: “This strategic acquisition combines Visa’s industry expertise and Cardinal’s critical role in payment authentication to bring added security to online transactions, reduce fraud, and support digital commerce which is the fastest growing commerce segment today.”

Visa already provides Cardinal’s services to merchants and acquirers through its CyberSource platform.

Under the agreement, Cardinal will continue to operate as a wholly-owned subsidiary of Visa. Co-founders Tim Sherwin and Chandra Balasubramanian will remain as leaders of the Cardinal team, based in Mentor, Ohio.

Financial terms of the transaction, which is expected to close in Q2 2017, are not disclosed.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Visa looks to kill passwords with multiple biometric authentication options

Visa looks to kill passwords with multiple biometric authentication options

14 November 2016  |  9175 views  |  2 comments | 14 tweets | 14 linkedin
Visa tells Europe to be ready for 3-D Secure 2.0 by April 2018

Visa tells Europe to be ready for 3-D Secure 2.0 by April 2018

21 October 2016  |  12456 views  |  3 comments | 12 tweets | 29 linkedin
US Bank uses Visa geolocation tech to reduce card declines

US Bank uses Visa geolocation tech to reduce card declines

05 October 2016  |  9805 views  |  15 comments | 17 tweets | 11 linkedin
On first anniversary, US becomes Visa's largest chip card market

On first anniversary, US becomes Visa's largest chip card market

30 September 2016  |  9222 views  |  1 comments | 7 tweets | 6 linkedin
Rivals Visa and PayPal set out on 'new path'

Rivals Visa and PayPal set out on 'new path'

21 July 2016  |  6980 views  |  2 comments | 8 tweets | 18 linkedin
Visa Inc seals buy out of European business

Visa Inc seals buy out of European business

21 June 2016  |  11450 views  |  2 comments | 14 tweets | 32 linkedin
Visa launches issuer-branded digital commerce app

Visa launches issuer-branded digital commerce app

07 June 2016  |  7754 views  |  1 comments | 18 tweets | 14 linkedin
Visa streamlines Checkout for faster mobile commerce

Visa streamlines Checkout for faster mobile commerce

11 March 2016  |  8893 views  |  3 comments | 23 tweets | 18 linkedin
Visa Europe expands tokenisation service

Visa Europe expands tokenisation service

16 February 2016  |  14496 views  |  1 comments | 33 tweets | 39 linkedin

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit dh.comFind out morevisit vasco.com/news/PSD2-compliant-solutions

Top topics

Most viewed Most shared
hands typing furiouslyBitcoin ETF Bites the Dust, Needs More Sec...
14371 views 0 | 7 tweets | 7 linkedin
BBVA runs live funds transfers over RippleBBVA runs live funds transfers over Ripple
11884 views comments | 31 tweets | 20 linkedin
Alipay and WeChat near $3 trillion payments milestoneAlipay and WeChat near $3 trillion payment...
10040 views comments | 35 tweets | 38 linkedin
Coinbase plans Ethereum messaging appCoinbase plans Ethereum messaging app
9107 views comments | 14 tweets | 15 linkedin
EC plans blockchain 'observatory'EC plans blockchain 'observatory'
8464 views comments | 9 tweets | 16 linkedin

Featured job

Six Figure Base + Commission + Stock Options
London

Find your next job