Well, it looks like Visa is again extending its reach across the world. The financial world is abuzz over Visa’s acquisition of Cybersource. The world’s largest electronic payments network made headlines when they acquired CyberSource Corporation, a prolific online payment services provider for a record total of $2 billion. In cash, no less. Their offer price of $26 per share for all outstanding CyberSource shares has also been made public. The whopping $2 billion price tag is the biggest one yet since Visa went public in the year 2008. Michael Nix, a portfolio manager for Greenwood Capital Associates, opined that it was indeed a very sizable premium but one that will do more good than harm for Visa, especially when it comes to adding long-term value and the juicy e-commerce potential.

This acquisition is in line with Visa’s objective of making their online presence even more powerful as well as to challenge rivals such as PayPal and ClickandBuy. Visa’s authority in the online payment, fraud prevention and related areas are expected to grow even more impressive, as their e-Commerce growth accelerates.

About Visa
Currently Visa is known as the largest digital payment system operator, with more than 200 countries utilizing this system. That’s practically the entire world! As if that is not astounding enough, another mind-boggling fact will have you reeling in fascination – More than 1.7 billion Visa plastic cards are being used by consumers across the globe! Visa is also deemed the most advanced processing network known to man with the capability of performing over 10,000 transactions per second! These transactions consist of authorization, clearing, as well as settlement, done on behalf of countless merchants like you and me, as well as notable financial institutions the world over.

Visa’s shares closed down 0.98 percent at $93.13, while CyberSource’s surged 32.3 percent to close at $25.72. CyberSource was the second-most active stock on Nasdaq on Wednesday.

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