Some people in the comments are implying that Visa is acquiring a competitor. But Pismo is a core banking & issuer-processor API vendor, not a Visa competitor.

Some people in the comments are implying that Visa is acquiring a competitor. But Pismo is a core banking & issuer-processor API vendor, not a Visa competitor. Competitors of Pismo would be companies like Episode Six or Paymentology. Through this acquisition, Visa is expanding their offering to include core banking and issuer-processor APIs, so they are doing vertical integration.