Market Overview

Visa Will Acquire Payments Portfolio From Rambus


Visa Inc (NYSE: V) will acquire the token services and ticketing businesses, formerly Bell ID and Ecebs LTD, from Rambus (NASDAQ: RMBS) for an undisclosed amount.

“As the way people and businesses pay and get paid continues to evolve, the addition of Rambus’ technology will allow us to deliver greater security beyond the card to support more transactions, payments systems and participants,” said TS Anil, Visa SVP, global head of payment products and platforms.

It was reported recently by the Wall Street Journal that Facebook Inc. (NASDAQ: FB) signed up more than a dozen companies, including Visa, to back its cryptocurrency that it plans to launch in 2020.

Visa traded around $173 per share at time of publication. Rambus traded higher by 1.6% to $11.74.

Related Links:

Analysts Discuss Libra's Impact On Facebook, Cryptocurrencies And The Payments Market

Analyst: Facebook's Libra A 'Benefit' For Bitcoin, Not A Competitor

Posted-In: RambusCryptocurrency News Asset Sales Markets


Related Articles (RMBS + FB)

View Comments and Join the Discussion!
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Daily Analyst Rating
A summary of each day’s top rating changes from sell-side analysts on the street.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at

The Sell-Side Upgrade Lifting GrubHub Shares Tuesday

Former Victoria's Secret CMO Jann Parish Joins Green Growth Brands