23 March 2017
visit http://events.sap.com/gb/fsi-forum-2017/en/home

Visa to acquire Cardinal Commerce

02 December 2016  |  6465 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  |  8933 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  |  11934 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  |  9592 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  |  9043 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  |  6836 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  |  11223 views  |  2 comments | 14 tweets | 32 linkedin
Visa launches issuer-branded digital commerce app

Visa launches issuer-branded digital commerce app

07 June 2016  |  7653 views  |  1 comments | 18 tweets | 14 linkedin
Visa streamlines Checkout for faster mobile commerce

Visa streamlines Checkout for faster mobile commerce

11 March 2016  |  8814 views  |  3 comments | 23 tweets | 18 linkedin
Visa Europe expands tokenisation service

Visa Europe expands tokenisation service

16 February 2016  |  14403 views  |  1 comments | 33 tweets | 39 linkedin

Related company news

 

Related blogs

Create a blog about this story (membership required)
Participate in the surveyVisit capgemini.comvisit abe-eba.eu

Who is commenting?

Top topics

Most viewed Most shared
Bank of England sets up fintech Community; runs blockchain and AI trialsBank of England sets up fintech Community;...
16567 views comments | 33 tweets | 26 linkedin
French retailer Carrefour launches online bank accountFrench retailer Carrefour launches online...
13480 views comments | 15 tweets | 33 linkedin
hands typing furiouslyMachine Learning: Lessons for Banks From S...
10244 views 0 | 12 tweets | 11 linkedin
Can banks really win in the payments business of the future? – new Finextra reportCan banks really win in the payments busin...
7782 views comments | 23 tweets | 36 linkedin
satellite26 Japanese banks register for Exchange-ru...
7559 views comments | 2 tweets | 1 linkedin

Featured job

Six Figure Base + Commission + Stock Options
London

Find your next job