Visa Reaches Major Technology Milestones

Global Leader in Payments Completes Multi-Year Initiatives to Create Industry Leading Processing Platform and Completes Migration to its New Data Center

SAN FRANCISCO--( today announced the completion of major technology milestones, chief among them the completion of a five-year initiative to completely re-engineer its global authorization engine, the Visa Integrated Payment platform (V.I.P), that processes more than $2 trillion in annual transaction volume. The result is a state-of-the-art, modular processing platform that is highly scalable, flexible and secure, and combines unsurpassed global reach with the processing power to support Visa