Visa completed the acquisition of Pismo for $1bn.

Visa, a digital payments company, completed the acquisition of Pismo, an issuer processing and core banking platform, for $1bn. “Core banking and issuer processor capabilities are key offerings for many of our financial institution and fintech partners’ clients. With the combination of Visa and Pismo, we can now broaden these offerings and better serve the ecosystem,” Jack Forestell, Visa Chief Product and Strategy Officer.