VGS Expands Partnership with Visa to Pioneer AI-Driven Commerce with Secure Payments Infrastructure
SAN FRANCISCO--(BUSINESS WIRE)--VGS, The World's Leader in Tokenization, is proud to announce an expansion of its successful, long-term partnership with Visa. Building on years of product partnership and shared achievements, VGS will be a preferred pilot partner with Visa through the Visa Intelligent Commerce program, helping to pioneer the future of AI commerce. Today, VGS powers 4.5B tokens globally, many of which are Visa cards, for some of the largest platforms, merchants, FIs, and fintechs in the world. Now, our long-standing strategic partnership for payments tokenization is evolving into foundational infrastructure to enable AI and Agent-driven commerce experiences, an emerging ecosystem often called Agentic Commerce. This evolution signifies a strengthened commitment from both organizations to leverage their respective strengths and expertise to deliver even greater and more secure payment outcomes for all commerce participants, from Merchants to Developers to Fintechs of all types around the world.
'We believe that tokenization unlocks payments in agentic commerce,' says VGS CEO, Chuck Yu. 'And we're excited to partner with Visa to establish secure payments infrastructure and benchmarks for agentic commerce designed to enable AI agents, acting on behalf of payers, to seamlessly discover, evaluate, and complete purchase transactions.'
With both companies at the forefront of empowering agentic commerce and merchant platforms, Visa and VGS remain committed to collaborating on empowering agentic commerce to scale and grow.
Read more about Visa Intelligent Commerce here: https://usa.visa.com/about-visa/newsroom/press-releases.releaseId.21366.html
About VGS
Founded in 2015, VGS is The World's Leader in Payment Tokenization and trusted credential management platform, depended on by Fortune 500 companies, merchants, fintechs, and banks alike. VGS' mission is to revolutionize the way sensitive data is stored and secured, enabling organizations to manage information across cards, bank accounts, and digital wallets with ease. VGS stores sensitive data and tackles critical payment acceptance challenges such as multi-PSP management, card issuance, payment orchestration enablement, PCI compliance, and the protection of personally identifiable information (PII). With over 4 billion tokens managed globally, VGS offers a comprehensive suite of solutions, including a composable Card Management Platform, a PCI-compliant Vault, and advanced network value-added services such as Network Tokens, Account Updater, and Card Attributes.
Learn more at vgs.io and by following VGS on LinkedIn.
About Visa
Visa (NYSE: V) is a world leader in digital payments, facilitating transactions between consumers, merchants, financial institutions and government entities across more than 200 countries and territories. Our mission is to connect the world through the most innovative, convenient, reliable and secure payments network, enabling individuals, businesses and economies to thrive. We believe that economies that include everyone everywhere, uplift everyone everywhere and see access as foundational to the future of money movement. Learn more at Visa.com.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Business Wire
13 hours ago
- Business Wire
ABL Investors Have Opportunity to Join Abacus Global Management, Inc. Fraud Investigation with the Schall Law Firm
LOS ANGELES--(BUSINESS WIRE)-- The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Abacus Global Management, Inc. ('Abacus' or 'the Company') (NASDAQ: ABL) for violations of the securities laws. The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Abacus is the subject of a report issued by Morpheus Research on June 4, 2025, titled: 'Abacus Global Management: This $794 Million SPAC Is Yet Another Life Settlements Accounting Scheme Manufacturing Fake Revenue by Systematically Underestimating When People Will Die.' According to the report, the Company changed its portfolio valuation methodology to make it appear more profitable than it actually is. The report also alleges that the Company uses unusual methodologies to calculate life expectancy estimates and its co-founders have 'red flags' in their past. If you are a shareholder who suffered a loss, click here to participate. We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at or by email at bschall@ The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation. This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.
Yahoo
15 hours ago
- Yahoo
China confirms upcoming trade talks with the US
The Chinese government on Saturday confirmed Monday's meeting in the United Kingdom of its senior representatives with their US counterparts. Vice Premier He Lifeng will visit the UK from June 8 to 13 at the invitation of the British government, a spokesman for the Foreign Ministry announced. During his stay, he will hold the first meeting regarding the economic and trade mechanism between China and the United States, the ministry said. It did not provide any additional details about the Chinese delegation. Trump announces talks US President Donald Trump announced on his online platform Truth Social on Friday that senior representatives from the US and China would meet in London for further trade talks. The US delegation will be led by Treasury Secretary Scott Bessent, Commerce Secretary Howard Lutnick and Trade Representative Jamieson Greer, Trump said. According to Trump, the talks will focus on the details of a trade agreement concluded in May between the two largest economies. In the tariff dispute, Trump had temporarily raised punitive tariffs on imports from China to the US to as much as 145%, prompting Beijing to respond with retaliatory tariffs. Disputes beyond tariffs Other contentious issues between the two countries include US restrictions on the sale of key technology products, such as chip design software, to China. Washington, in turn, is not happy with China's export controls on rare earths. The Commerce Ministry in Beijing once again justified the controls, stating that raw materials are goods for both civilian and military purposes, according to an evening statement. In line with the law, China has issued a certain number of export licences and is ready to strengthen exchanges with the relevant countries regarding rare earths.
American Military News
21 hours ago
- American Military News
Trump, Xi agree to more trade talks as rare earths dispute cools
President Donald Trump and Chinese President Xi Jinping on Thursday agreed to further trade talks aimed at resolving disputes over tariffs and supplies of rare earth minerals at the heart of tensions between the world's two largest economies. Trump acknowledged Thursday the trade relationship with China had gotten 'a little off track' but said now 'we're in very good shape with China and the trade deal.' Additional negotiations, Trump said, would occur 'shortly' at 'a location to be determined.' U.S. Treasury Secretary Scott Bessent, Commerce Secretary Howard Lutnick and Trade Representative Jamieson Greer will represent Trump at the talks. 'This is very complex stuff, and we straightened it out,' Trump told reporters in the Oval Office. 'We were straightening out some of the points, having to do mostly with rare earth magnets and some other things.' The call generated some hope on Wall Street for lower duties between the trading partners, though investors' optimism was limited. U.S. equities remained little changed Thursday afternoon after an earlier advance following the leaders' call. 'The 90-minute call between Trump and Xi appears to have importantly broken the impasse on critical minerals and other immediate concerns to pave the way for trade talks,' said Wendy Cutler, a former senior U.S. trade negotiator now at the Asia Society Policy Institute. Xi invited Trump and first lady Melania Trump to visit China, according to a Chinese government statement, and Trump posted on social he 'reciprocated' with an invitation for Xi to visit the United States. The U.S. president later said that both leaders had accepted the offers. Thursday's call marked the latest turn in the roller-coaster relationship between the U.S. and China since Trump's return to the White House. It came just one day after the U.S. president lamented on social media that his counterpart was 'EXTREMELY HARD TO MAKE A DEAL WITH.' Whether the call will unlock lasting trade peace, and crucially, shipments of critical minerals needed by U.S. companies, remains to be seen. Trump did not specify whether Beijing had agreed to speed export licenses on magnets crucial to a wide range of critical American products. Questions also remained about what Trump conceded to Xi. The Chinese Foreign Ministry said in a statement that Trump told Xi Chinese students are welcome to study in the U.S., even though the U.S. has moved to block foreigners from obtaining visas and revoke some from some current students. 'Chinese students are coming. No problem. No problem. It's our honor to have them,' Trump later told reporters. China's statements on the call also struck a more combative tone than the U.S. leader's. The foreign ministry said earlier the call was initiated at Trump's request. Xi asked Trump to remove the 'negative measures' the U.S. has imposed on China, according to the ministry's statement. The Chinese leader said Beijing had complied with the terms of tariff truce struck by the two nations last month in Geneva, the statement said, even as U.S. officials have complained that export controls on rare earths have not been lifted quickly enough. 'Given how quickly misunderstandings surfaced after the Geneva meetings, expectations for the trade talks should be low,' Cutler said. Trump said the 1 1/2-hour conversation was focused almost entirely on trade, though the Chinese readout suggested Xi had cautioned Trump on Taiwan after reports the U.S. was stepping up arms shipments there. Fragile Truce Still, not all comments from the Trump administration Thursday were positive. Lutnick called for increased enforcement of export controls to prevent China from stealing technology that could support Beijing's ambitions in artificial intelligence and aviation. 'In the race for AI supremacy, they are behind us, but they are working with the central government to get us, right, to beat us so that they will have intellectual superiority over us,' Lutnick said during a congressional hearing. Xi likened the U.S.-China relationship to a 'giant ship' and said both leaders must 'take the helm and set the right course,' saying 'it is particularly important to steer clear of the various disturbances and disruptions,' according to the Chinese Foreign Ministry. Trade negotiations between the two rivals stalled after the May 12 Geneva talks, with both sides accusing the other of violating an agreement that brought down tariffs from massive highs. The phone call between the leaders marks their first known formal contact since Trump took office. The last conversation between Trump and Xi took place in January before the U.S. president's inauguration. Tension Points Trump has long said direct talks with Xi were the only way to resolve differences between the nations, but the Chinese leader had been reluctant to get on the phone with his American counterpart — preferring that advisers negotiate key issues. Even if flashpoints like rare earths and visas are settled, the two countries have a narrow window to iron out the full scope of their differences. U.S. and Chinese trade chiefs only agreed in Geneva last month to lower tariffs for 90 days, as they worked toward a broader deal. History suggests that any final agreement could be a long time coming. In 2018 during Trump's first term as president, the two sides agreed to put their dispute 'on hold' after a round of negotiations, but the U.S. soon backed away from that deal, leading to more than 18 months of further tariffs and talks before the signing of the 'Phase One' deal in January 2020. One goal for China this time around will be seeking relief from U.S. export controls on cutting-edge chips vital for AI and military advancement. That's likely to be a sticking point in Washington, with both Democrats and Republicans in rare agreement that Beijing poses a national security threat. Beyond strains in economic ties, geopolitical frictions are also growing. Foreign Ministry officials this month protested U.S. Defense Secretary Pete Hegseth's assertion at a gathering of military chiefs in Singapore that China poses an imminent threat to Taiwan, a self-ruled island claimed by Beijing. ___ © 2025 Bloomberg L.P. Distributed by Tribune Content Agency, LLC.
