Wall Street analysts have a dim view of GameStop stock

Reuters

Visa tokens overtake payments giant’s physical cards in circulation

Payments giant Visa Inc said on Wednesday it has issued over 4 billion network tokens worldwide through its security technology Visa Token Service (VTS), outpacing the total number of its physical cards in circulation. VTS replaces 16-digit Visa account numbers with a token that only Visa can unlock, protecting the underlying account information. “Without exposing the consumer’s account to fraud, tokenization enables frictionless, card-free payments,” Jack Forestell, executive vice president and chief product officer at Visa, told Reuters.

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