Visa Research Labs, Visa’s expanded technology research division, will
be led by Min Wang, former senior scientist and researcher at Google, HP
Labs China and the IBM Watson Research Center.
SAN FRANCISCO--(BUSINESS WIRE)--Apr. 30, 2015--
Visa Inc. (NYSE:V) today announced it is expanding its technology
research capabilities globally and appointing Min Wang to Senior Vice
President of Visa Research Labs. Min will report directly to Rajat
Taneja, Executive Vice President of Technology, Visa Inc.
Visa Research Labs will expand Visa’s research and development
capabilities globally. Building on existing technology research and
incubator efforts, Visa Research Labs will focus on applied science and
deep research. The new function will engage with academics, global think
tanks, governments and security experts on emerging technologies that
are critical to the payments industry.
“Digital commerce is rapidly evolving due to the introduction of new
technologies. As the world becomes more connected, every device, car, or
appliance becomes a place where secure digital commerce can take place,”
said Rajat Taneja, Executive Vice President, Technology, Visa Inc. “I am
excited to expand our technology research efforts and have Min lead Visa
Research Labs. This effort has the potential to shape the way we pay and
get paid in the future, and transform the lives of millions of unbanked
consumers by finally providing them with access to secure digital
Wang is a leading and renowned technology research scientist and holds a
Ph.D. and M.S. in Computer Science from Duke University, and a M.S. and
B.S. in Computer Science from Tsinghua University in Beijing, China. She
joins Visa from Google Research where she was a Senior Staff Research
Scientist focused on data mining. She also held senior staff research
roles at HP Labs China and at the Unified Data Analytics Department at
the IBM Watson Research Center.
Visa’s expansion of technology research is part of a global strategy to
increase its technology footprint and establish technology and
innovation centers in key markets. The company has also recently
launched a global recruitment program to attract tech talent to Visa and
plans to create an additional 2,000 full-time technologist positions.
About Visa Inc.
Visa Inc. (NYSE: V) is a global payments technology company
that connects consumers, businesses, financial institutions, and
governments in more than 200 countries and territories to fast, secure
and reliable electronic payments. We operate one of the world's most
advanced processing networks — VisaNet — that is capable of handling
more than 56,000 transaction messages a second, with fraud protection
for consumers and assured payment for merchants. Visa is not a bank and
does not issue cards, extend credit or set rates and fees for consumers.
Visa's innovations, however, enable its financial institution customers
to offer consumers more choices: pay now with debit, pay ahead of time
with prepaid or pay later with credit products. For more information,
Source: Visa Inc.
Elvira Swanson, 415-805-4760