Visa announced an agreement to buy the tokenization and ticketing business, formerly known as Bell ID and Ecebs LTD, from Rambus, according to a release. 

The acquisition, when combined with Visa's network tokenization capabilities, will help facilitate safer and more secure payments, company officials said. 

"Facilitating safer and more secure digital transactions is core to Visa's brand promise and central to growing electronic payments for everyone, everywhere," TS Anil, senior vice president and global head of payments products and platforms, said in a company release. "As the way people and businesses pay and get paid continues to evolve, the addition of Rambus' technology will allow us to deliver greater security beyond the card to support more transactions, payment systems and participants."