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BT completes major Visa Europe network upgrade to help process €2m a minute

BT has announced the completion of a major upgrade of Visa Europe's communications network, helping to enable the payments firm to process around €2 million (£1.7 million) of transactions every minute.

Managed by BT, the enhanced network provides connectivity for Visa Europe's card authorisation, clearing and settlement services. In addition, it links more than 350 member sites in 37 different countries across Europe.

Based on BT Connect, the infrastructure will also support Visa Europe's corporate needs, connecting corporate offices and provide remote working, mobile, messaging and video conferencing tools.

The technology supports services across 37 European markets, where more than one in every three pounds of UK consumer spending and more than one in every seven euros of European consumer spending is through a Visa card. Across Europe there are over 470 million Visa debit, credit, pre-paid and commercial cards.

"We work with providers that we can depend on to make sure our payments remain faster, smarter, convenient and secure. We choose to work with BT because we trust them to deliver on their promises," said Steve Chambers, Visa Europe's CEO.

"Their expansive global network supports our international connectivity needs and their focus on innovative technology and services aligns with our strategy."

Luis Alvarez, chief executive of BT Global Services, added: "BT has unrivalled experience and expertise as a global communications provider, particularly in the financial services industry – so we're in a perfect position to deliver innovative solutions which allow Visa Europe to introduce new, easier, and more secure payment options for their members and customers."

Image credit: Flickr (Ell Brown)