Visa Tack­les a Global Data Del­uge

Visa is build­ing in­ter­na­tional trans­ac­tion pro­cess­ing cen­ters in mul­ti­ple coun­tries to sup­port its global strat­egy for dig­i­tal pay­ments.

ISO & Agent - - BIG DATA | PROCESSING - BY DAVID HEUN

Visa is de­vel­op­ing its first in­ter­na­tional trans­ac­tion pro­cess­ing cen­ters — one in the U.K. and one in Singapore — on the heels of other moves to ac­cel­er­ate dig­i­tal pay­ments growth glob­ally.

Ex­pand­ing its data pro­cess­ing foot­print to a more global pres­ence is “part of the over­all vi­sion we have to con­tinue to in­vest to make sure our in­fra­struc­ture con­tin­ues to have re­siliency and can scale up and out,” said Ra­jat Taneja, ex­ec­u­tive vice pres­i­dent of tech­nol­ogy and op­er­a­tions at Visa.

Its only other data cen­ters are in North Amer­ica.

For se­cu­rity rea­sons, Visa will not dis­close the pre­cise lo­ca­tions of the new 10,000-square-foot data cen­ters, but the card brand ex­pects them to be­gin ac­cept­ing trans­ac­tions from some ar­eas and part­ner banks in 2018 be­fore be­com­ing fully op­er­a­tional at some point dur­ing the year.

Merg­ing with Visa Europe a year ago was a sig­nif­i­cant fac­tor in strength­en­ing the Visanet global net­work, Taneja said. In ac­quir­ing Visa Europe, the com­pany said it stood to ben­e­fit from bring­ing 3,200 Euro­pean clients onto Visanet while also ad­vanc­ing on the many in­no­va­tions un­fold­ing in Europe.

In ad­di­tion, Visa has opened its net­work to third-party app de­vel­op­ers for the first time, and es­tab­lished Visa Check­out as a one-click e-com­merce pay­ment op­tion. Its land­mark agree­ment last year with Paypal to spark even more Visa trans­ac­tions on­line is also likely to ex­pand its data pro­cess­ing needs.

Visa has been plan­ning for the new data cen­ters for years, Taneja said.

“This is an over­all vi­sion we cre­ated for the next gen­er­a­tion of pay­ments,” he added. “All of these are pieces of our strat­egy en­com­pass­ing our views on soft­ware and open ar­chi­tec­ture, and it’s all about trans­form­ing our tech­nol­ogy for this dig­i­tal era.”

That means Visa will be busy in the com­ing months pre­par­ing the data cen­ters for op­er­a­tion, start­ing with in­dus­trial cool­ing and power sup­plies, which in­volve a com­plex net­work of backup gen­er­a­tors and power sub­sys­tems.

“We have lay­ers and lay­ers of re­siliency built into the sys­tem” prior to in­stalling phys­i­cal ca­bling and net­work con­nec­tions, Taneja said. Af­ter that, Visa will de­ploy the trans­ac­tion pro­cess­ing soft­ware.

“We will have more than 300 ap­pli­ca­tions run­ning at any given time to do the pro­cess­ing of credit, debit, pre­paid, Visa Check­out and other dig­i­tal com­merce apps,” Taneja added.

“This is an over­all vi­sion we cre­ated for the next gen­er­a­tion of pay­ments,” said Ra­jat Taneja, ex­ec­u­tive vice pres­i­dent of tech­nol­ogy and op­er­a­tions at Visa.

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