Announced
Completed
Financials
Tags
end-to-end software
Acquisition
United States
digital payment
Friendly
Payments / Commerce
online payment processing
Private
Single Bidder
Majority
Completed
Synopsis
Visa, the world’s leader in digital payments, completed the acquisition of Verifi, a provider of innovative, end-to-end payment protection solutions. Financial terms were not disclosed. Visa will integrate Verifi’s enhanced chargeback tools with Visa’s risk management services, including those delivered by CardinalCommerce and CyberSource. Buyers, sellers, issuers, and acquirers will benefit from greater automation, near real-time communication and data-driven insights through every stage of the customer journey. “We are thrilled to be joining forces with Visa to scale and expand this offering and further modernize the dispute management process,” Matthew Katz, Verifi CEO.
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