The next time you’re in a restaurant and pay using your Visa card, think about this scenario. In a fraction of the time it takes the server to take your order, your transaction will travel instantly over VisaNet to Visa’s network operation center located somewhere on the east coast of the United States.
VisaNet is the largest electronics payment network in the world, spanning the globe and supporting electronic payments in countries from Australia to Zimbabwe. The network is in charge of core processing services like authorization, clearing and settlement and can process a single transaction anywhere in the world in just 1.4 seconds. VisaNet is capable of processing more than 24,000 transactions per second and features some of the most advanced risk and fraud detection systems in the payments industry.
To better understand how VisaNet works and how Visa protects each transaction, two Australian journalists were granted access to the network operation center. These two journalists got a behind-the-scenes look at the home of VisaNet, giving them a glimpse of what goes into reliably and securely processing 11,000 transactions per second.
Posted by: Erika White, Visa Corporate Relations on March 5, 2013 at 8:45 am