VisaNet is Visa’s global processing network that manages all Visa transactions, handling an average of 150 million transactions every day. It provides the infrastructure for processing Visa’s products such as credit, debit, prepaid, and ATM transactions.
The network’s primary responsibilities include transaction processing, clearing, settlement, and dispute resolution. VisaNet operates 24/7, 365 days a year and is one of the most secure and reliable payment networks globally.
It uses advanced fraud detection algorithms and risk management systems to ensure the security of transactions. As one of the largest payment networks in the world, VisaNet plays a crucial role in enabling global commerce by connecting millions of merchants, thousands of financial institutions, and governments in over 200 countries and territories.
The network is capable of processing more than 65,000 transactions per second, providing real-time transaction processing, fraud detection, and payment security services.
With the rise of digital payments and the increasing volume of online transactions, VisaNet continues to evolve and invest in new technologies to enhance its capabilities and provide innovative, secure, and reliable payment solutions to people and businesses worldwide.