Visa Europe has signed a five year managed services contract with BT to migrate its transaction network onto BT's 21CN Global network.
The agreement is expected to move Visa Europe onto an efficient IP based network, promising its 4,600 member banks in 36 countries a superior level of service through increased support, improved business continuity and enhanced network security.
Visa Europe has a technically advanced card processing platform built specifically for Europe.
It not only provides cross-border inter-bank switching, but it is also the primary domestic processor in 16 European markets.
The latest agreement is expected to see Visa Europe improve operations through the use of a single supplier and a flexible network making upgrades and developments simpler than were previously possible.