[{"data":1,"prerenderedAt":566},["ShallowReactive",2],{"pressReleasesListing":3},[4,58,78,100,123,144,165,187,209,276,297,339,381,401,422,485,504,526,546],{"metadata":5,"sys":8,"fields":28},{"tags":6,"concepts":7},[],[],{"space":9,"id":14,"type":15,"createdAt":16,"updatedAt":16,"environment":17,"publishedVersion":21,"revision":22,"contentType":23,"locale":27},{"sys":10},{"type":11,"linkType":12,"id":13},"Link","Space","e6d9jibdbc6c","3Geii4ddfP4S7EXtcS7g8H","Entry","2026-09-22T14:45:57.673Z",{"sys":18},{"id":19,"type":11,"linkType":20},"master","Environment",11,1,{"sys":24},{"type":11,"linkType":25,"id":26},"ContentType","pressRelease","en-US",{"title":29,"slug":30,"thumbnail":31,"publishDate":55,"description":56,"body":57},"VGS Surpasses 10 Billion Tokens Stored","vgs-surpasses-10-billion-tokens-stored",{"metadata":32,"sys":35,"fields":44},{"tags":33,"concepts":34},[],[],{"space":36,"id":38,"type":39,"createdAt":40,"updatedAt":40,"environment":41,"publishedVersion":43,"revision":22,"locale":27},{"sys":37},{"type":11,"linkType":12,"id":13},"79hiCeR0r8Ie3u8feoCmSR","Asset","2021-03-01T19:40:33.749Z",{"sys":42},{"id":19,"type":11,"linkType":20},4,{"title":45,"file":46},"Press Default",{"url":47,"details":48,"fileName":53,"contentType":54},"\u002F\u002Fimages.ctfassets.net\u002Fe6d9jibdbc6c\u002F79hiCeR0r8Ie3u8feoCmSR\u002F50627a65338d042ef71ce9871a4fffeb\u002Fpress-release-default.jpg",{"size":49,"image":50},35553,{"width":51,"height":52},720,385,"press-release-default.jpg","image\u002Fjpeg","2026-09-22T00:00-06:00","VGS, the leading digital and agentic commerce infrastructure for global businesses, today announced it has surpassed 10 billion tokens stored, doubling the number in its vault over the last 12 months.","\u003Cp>[September 22, 2026], San Francisco, CA — \u003Ca href=\"https:\u002F\u002Fwww.verygoodsecurity.com\u002F\">VGS\u003C\u002Fa>, the leading digital and agentic commerce infrastructure for global businesses, today announced it has surpassed 10 billion tokens stored, doubling the number in its vault over the last 12 months. The achievement marks a major inflection point in the company's growth trajectory, spurred in part by the momentum of agentic commerce.\u003C\u002Fp>\n\u003Cp>\"Ten billion tokens is a signal of the trust our customers place in us every single day,\" states VGS CEO Chuck Yu. \" It took VGS seven years to reach its first 5 billion tokens stored, and just 12 months to go from 5 billion to 10 billion. With our expansion into agentic commerce, the momentum is rapidly building. We plan to continue introducing new network services, additional solutions for AI and agentic commerce, and expand our international reach, setting us up for unprecedented growth over the next 12 months.\"\u003C\u002Fp>\n\u003Cp>The scale of these numbers reflects the meaningful impact VGS delivers for enterprise companies and merchants looking to solve complex, critical data challenges. VGS remains committed to helping businesses drive growth, streamline operations, and enhance the user experience.\u003C\u002Fp>\n\u003Cp>\"A huge driver of our acceleration has been our expansion into agentic use cases, ” says VGS CTO and Co-Founder Marshall Jones. “As more clients build AI agents that need to securely handle data,  the volume flowing through our platform has grown exponentially. Seeing and being part of that kind of acceleration is a testament to the comprehensive solutions offered by the VGS product suite. VGS now adds more than 1 billion tokens to its vault each month, and we remain committed to sustaining the continued growth.”\u003C\u002Fp>\n\u003Cp class=\"fw-700\">For media inquiries, please contact:\u003C\u002Fp>\n\u003Cp class=\"pb-4\">Laura Furlong\u003Cbr \u002F>Senior Manager, Marketing\u003Cbr \u002F>laura.furlong@vgs.io\u003C\u002Fp>\n\u003Cp class=\"fw-700\">About VGS\u003C\u002Fp>\n\u003Cp>VGS solves the most critical challenges in payments, and now we're powering the next era: agentic commerce. As intelligent agents take on more of the buying and selling, VGS provides the tokenization and secure infrastructure they need to act, transact, and optimize with confidence. That same infrastructure already secures over a third of the world's e-commerce transactions and more than 10 billion tokens globally.\u003C\u002Fp>\n\u003Cp>From Fortune 500 enterprises to pioneering AI innovators, the world’s leading companies rely on VGS to navigate an evolving payment landscape, strengthen security, and unlock smarter commerce. Through our universal token vault and credential management platform, businesses maintain control and portability of their data while securely connecting to payment providers, partners, and agentic experiences.\u003C\u002Fp>\n",{"metadata":59,"sys":62,"fields":72},{"tags":60,"concepts":61},[],[],{"space":63,"id":65,"type":15,"createdAt":66,"updatedAt":66,"environment":67,"publishedVersion":69,"revision":22,"contentType":70,"locale":27},{"sys":64},{"type":11,"linkType":12,"id":13},"3erDSKSO5pwuCXxRmkkH7x","2026-01-28T16:35:57.002Z",{"sys":68},{"id":19,"type":11,"linkType":20},14,{"sys":71},{"type":11,"linkType":25,"id":26},{"title":73,"heroTitle":73,"slug":74,"thumbnail":31,"publishDate":75,"description":76,"body":77},"VGS Announces Agent Connect: A One-Day Event Exploring the Future of Agentic Commerce","vgs-announces-agent-connect-a-one-day-event-exploring-the-future-of-agentic-commerce","2026-01-28T00:00-07:00","VGS, the leader in payment tokenization and agentic commerce infrastructure, today announced Agent Connect, a one-day event connecting the humans behind the agents who are dedicated to exploring the future of AI-driven payments.","\u003Cp>\u003Cspan class=\"fw-700\">San Francisco, CA (January 28, 2026)\u003C\u002Fspan> - \u003Ca href=\"http:\u002F\u002Fvgs.io\" class=\"violet\">VGS\u003C\u002Fa>, the leader in payment tokenization and agentic commerce infrastructure, today announced \u003Ca href=\"https:\u002F\u002Fwww.agentconnectsf.com\u002F\" class=\"violet\" target=\"_blank\">Agent Connect\u003C\u002Fa>, a one-day event connecting the humans behind the agents who are dedicated to exploring the future of AI-driven payments. The event will take place in San Francisco on Tuesday, March 3, 2026, at the Terra Gallery, bringing together leaders shaping how agents will transform the commerce landscape. Speakers will include leaders from OpenAI, PayPal, Visa, Stripe, Cloudflare, Instacart, and more, bringing perspectives from across AI, security, fintech, and commerce to share how they're approaching agent-driven experiences and the future of payments infrastructure.\u003C\u002Fp>\n\u003Cp>Agent Connect is a full-day, in-person event that brings together the people shaping the future of agentic commerce. As agentic systems become more capable, they introduce new opportunities around trust and payments. Agent Connect aims to provide a practical forum for discussing how these systems will operate securely, efficiently, and at scale.\u003C\u002Fp>\n\u003Cp>“Agentic commerce represents a fundamental shift in how transactions will be initiated and completed,” said Chuck Yu, CEO of VGS. “As agents begin to handle more of the workflows that power modern commerce, Agent Connect brings the ecosystem together to share and learn from each other to shape what comes next.”\u003C\u002Fp>\n\u003Cp>The event will explore how AI agents are being built, deployed, governed, and monetized across the payments ecosystem through a series of panels,  concluding with a networking cocktail hour.\u003C\u002Fp>\n\u003Cp>The one-day event will feature themes of:\u003C\u002Fp>\n\u003Cul>\n  \u003Cli>How AI agents are changing payment flows and decisioning\u003C\u002Fli>\n  \u003Cli>What do agent-based systems require from the payments infrastructure\u003C\u002Fli>\n  \u003Cli>How tokenization is enabling secure data sharing\u003C\u002Fli>\n  \u003Cli>Designing agent-ready architectures that scale globally\u003C\u002Fli>\n  \u003Cli>The merchant perspective on agentic commerce\u003C\u002Fli>\n\u003C\u002Ful>\n\u003Cp>Agent Connect is designed for professionals across fintech, payments, AI, security, and commerce who are building or planning for agent-enabled payments.\u003C\u002Fp>\n\u003Cp class=\"pb-3\">For more information about Agent Connect, including the agenda and registration details, please visit \u003Ca href=\"https:\u002F\u002Fwww.agentconnectsf.com\u002F\" class=\"violet\" target=\"_blank\">agentconnectsf.com\u003C\u002Fa>.\u003C\u002Fp>\n\u003Cp>For media inquiries, please contact:\u003C\u002Fp>\n\u003Cp class=\"pb-4\">Laura Furlong\u003Cbr \u002F>Senior Manager, Marketing\u003Cbr \u002F>laura.furlong@vgs.io\u003C\u002Fp>\n\u003Cp class=\"fw-700\">About VGS\u003C\u002Fp>\n\u003Cp>Founded in 2015, VGS is the world's leader in payment tokenization and the trusted agentic commerce infrastructure relied on by Fortune 500 companies, merchants, and fintechs. Our mission is to transform how sensitive payment data is stored, secured, and used to enable agentic commerce and beyond, where intelligent systems can safely act, transact, and optimize operations.\u003C\u002Fp>\n\u003Cp>As the agentic commerce infrastructure that enables merchants and agents to transact securely, VGS tokenizes and stores payment credentials and sensitive data, facilitating optimized and secure transactions. VGS empowers merchants and agents to scale agentic commerce while maintaining the highest standards of security and compliance. The VGS platform also offers a comprehensive suite of solutions, including a composable Card Management Platform, a PCI-compliant Vault, and advanced network value-added services such as Network Tokens, Account Updater, 3DS, and Card Attributes, all designed to integrate seamlessly with existing payment and technology stacks to increase authorization rates, reduce fraud, streamline operations, and confidently support agentic commerce use cases at scale.\u003C\u002Fp>\n\u003Cp>At VGS, we're not just securing payments, we're empowering businesses to unlock new possibilities in the ever-evolving payment landscape.\u003C\u002Fp>\n\u003Cp>Learn more at \u003Ca href=\"https:\u002F\u002Fwww.vgs.io\" class=\"violet\" target=\"_blank\">vgs.io\u003C\u002Fa> and by following VGS on \u003Ca href=\"https:\u002F\u002Fwww.linkedin.com\u002Fcompany\u002Fvery-good-security\u002F\" class=\"violet\" target=\"_blank\">LinkedIn\u003C\u002Fa>. \u003C\u002Fp>",{"metadata":79,"sys":82,"fields":94},{"tags":80,"concepts":81},[],[],{"space":83,"id":85,"type":15,"createdAt":86,"updatedAt":87,"environment":88,"publishedVersion":90,"revision":91,"contentType":92,"locale":27},{"sys":84},{"type":11,"linkType":12,"id":13},"3E66Ez5uV0pQEfEfVFwtWX","2025-11-04T22:20:20.603Z","2025-11-05T14:26:34.775Z",{"sys":89},{"id":19,"type":11,"linkType":20},22,3,{"sys":93},{"type":11,"linkType":25,"id":26},{"title":95,"heroTitle":95,"slug":96,"thumbnail":31,"publishDate":97,"description":98,"body":99},"VGS is Offering 3DS through Single API Integration to Reduce Fraud and Lift Approval Rates for Online Payments Globally","vgs-is-offering-3ds-through-single-api-integration-for-online-payments-globally","2025-11-05T00:00-09:00","VGS, the world’s leader in tokenization and a leading card management platform, is excited to announce its offering of 3D Secure (3DS) in a single API integration.","\u003Cp>November 5, 2025, San Francisco, CA - VGS, the world's leader in tokenization and a leading card management platform, is excited to announce its offering of 3D Secure (3DS) in a single API integration. VGS's 3DS capabilities enable card networks and issuing banks to authenticate shoppers in real-time, helping merchants reduce fraud, minimize chargebacks, and increase authorization rates while preserving a fast, low-friction checkout experience.\u003C\u002Fp>\n\u003Cp>“3DS is a natural extension of the VGS platform that allows businesses to add authentication into their payment flows. It's a service that is table stakes for both regulated markets and as agentic commerce scales,” says Matt Vanhouten, Senior Vice President and Head of Product at VGS. “While VGS is not a fraud provider, adding 3DS through VGS's single API simplifies fraud prevention and payment optimization on the VGS platform.”\u003C\u002Fp>\n\u003Cp>3DS is not only an essential fraud-prevention tool but also a regulatory requirement in many countries worldwide. The offering reflects VGS's ongoing commitment to giving businesses control, flexibility, and visibility over their payments infrastructure,  without locking companies into third-party ecosystems.\u003C\u002Fp>\n\u003Cp>VGS's approach to payment security centers on centralization and simplicity. Through a single integration, businesses can access a suite of essential capabilities, including Network Tokens, Account Updater, Card Attributes, and now 3D Secure (3DS), all with a unified platform. Merchants also experience flexibility by having the ability to route transactions to any PSP, independent of where 3DS authentication takes place, while maintaining full ownership of the authentication responses and data.\u003C\u002Fp>\n\u003Cp>“Our goal has always been to give businesses the infrastructure and control they need to operate securely and independently,” says Vanhouten. “With 3DS, we're extending that control to authentication, helping customers prevent fraud, meet compliance requirements, and own their payment data end to end.”\u003C\u002Fp>\n\u003Cp>Read more about VGS's 3DS offering \u003Ca class=\"violet\" href=\"\u002F3ds\">here\u003C\u002Fa>.\u003C\u002Fp>\n\u003Cp>For media inquiries, please contact:\u003C\u002Fp>\n\u003Cp>Laura Furlong\u003Cbr \u002F>\nSenior Manager, Marketing\u003Cbr \u002F>\nlaura.furlong@vgs.io \u003C\u002Fp>\n\u003Cp>\u003Cstrong>About VGS\u003C\u002Fstrong>\u003C\u002Fp>\n\u003Cp>Founded in 2015, VGS is The World's Leader in Payment Tokenization and trusted credential management platform, depended on by Fortune 500 companies, merchants, fintechs, and banks alike. VGS's mission is to revolutionize the way sensitive data is stored and secured, enabling organizations to manage information across cards, bank accounts, and digital wallets with ease. VGS stores sensitive data and tackles critical payment acceptance challenges such as multi-PSP management, card issuance, payment orchestration enablement, PCI compliance, and the protection of personally identifiable information (PII). With over 4 billion tokens managed globally, VGS offers a comprehensive suite of solutions, including a composable Card Management Platform, a PCI-compliant Vault, and advanced network value-added services such as Network Tokens, Account Updater, and Card Attributes.\u003C\u002Fp>\n\u003Cp>Learn more at vgs.io and by following VGS on \u003Ca class=\"violet\" href=\"https:\u002F\u002Fwww.linkedin.com\u002Fcompany\u002F18142614\u002F\">LinkedIn\u003C\u002Fa>.\u003C\u002Fp>",{"metadata":101,"sys":104,"fields":116},{"tags":102,"concepts":103},[],[],{"space":105,"id":107,"type":15,"createdAt":108,"updatedAt":109,"environment":110,"publishedVersion":112,"revision":113,"contentType":114,"locale":27},{"sys":106},{"type":11,"linkType":12,"id":13},"2uFWpnHG8N4NmJK5KZ4PAR","2025-06-17T15:58:45.844Z","2025-06-17T16:08:40.424Z",{"sys":111},{"id":19,"type":11,"linkType":20},24,2,{"sys":115},{"type":11,"linkType":25,"id":26},{"title":117,"heroTitle":118,"slug":119,"thumbnail":31,"publishDate":120,"description":121,"body":122},"VGS Celebrates A Decade of Payments Innovation and 5 Billion Tokens Stored ","VGS, The World’s Leader in Payment Tokenization, Celebrates A Decade of Payments Innovation and 5 Billion Tokens Stored ","vgs-celebrates-a-decade-of-payments-innovation-and-5-billion-tokens-stored","2025-06-17T00:00-06:00","VGS, The World's Leader in Payment Tokenization and a trusted credential management platform for global businesses celebrates the 10-year anniversary of its founding. In addition to celebrating 10 years of payment innovation, VGS has proudly reached another significant milestone: surpassing 5 billion tokens stored. ","\u003Cp>June 17, 2025, San Francisco, CA—\u003Ca href=\"https:\u002F\u002Fwww.verygoodsecurity.com\u002F\">VGS\u003C\u002Fa>, The World's Leader in Payment Tokenization and a trusted credential management platform for global businesses, celebrates the 10-year anniversary of its founding. In addition to celebrating 10 years of payment innovation, VGS has proudly reached another significant milestone: surpassing 5 billion tokens stored.\u003C\u002Fp>\n\u003Cp>“We can't be more proud of the milestones achieved,” states VGS CEO Chuck Yu. “But we're even more excited about continuing the growth we've seen in the last few years, including this year, which is our best year on record. We plan to continue introducing new network services, additional solutions to agentic commerce, and expand our international reach, setting us up for unprecedented growth over the next 12 months.” \u003C\u002Fp>\n\u003Cp>VGS has continuously leveraged emerging technologies to empower merchants to securely collect, store, and transmit sensitive data in an ever-evolving payments landscape. Central to the company's ongoing mission is VGS's Credential Management Platform, a trusted solution designed to eliminate data security burdens so merchants can focus on securely and efficiently accelerating growth.\nWhat began as a bold vision ten years ago has grown into VGS becoming the leading universal token service provider, driven by innovation, resilience, and an unwavering commitment to empowering businesses to unlock new possibilities in the ever-evolving payment landscape.\u003C\u002Fp>\n\u003Cp>Surpassing 5 billion tokens stored is another powerful reminder that VGS's dedicated work is making a meaningful impact for enterprise companies and merchants to solve complex, critical payment challenges confidently. VGS will continue helping businesses — including Robinhood, Rappi, OnePay, Careem, and Bilt — drive growth, streamline operations, and enhance user experience.\u003C\u002Fp>\n\u003Cp>“For VGS to have reached 5 billion tokens stored is monumental,” says VGS CTO and Co-Founder Marshall Jones. “It's an accomplishment I couldn't fathom years ago, but here we are. It took us 3 years to hit 1 billion tokens, and only 3 quarters for us to go from 4 to 5 billion. That is a testament to the comprehensive solutions offered by the VGS product suite, the support from both the VGS team and our clients, and the vision to continue evolving with the payments landscape.”\u003C\u002Fp>\n\u003Cp>The anniversary also coincides with the recent release of the \"50 American Leaders\" documentary series on \u003Ca href=\"https:\u002F\u002Fwww.cbsnews.com\u002Fbrandstudio\u002Fnews\u002Fvgs-the-worlds-leader-in-payment-tokenization-enables-businesses-to-solve-critical-security-and-payment-challenges\u002F\" target=\"_blank\">CBS News\u003C\u002Fa> and \u003Ca href=\"https:\u002F\u002Fpartners.foxnews.com\u002Fvery-good-security\">Fox News\u003C\u002Fa>. The acclaimed series highlights US-based companies paving the way in their respective industries. VGS's feature in the series highlights its transformative impact on payment security and its longstanding dedication to empowering merchants to control their payment strategy.\u003C\u002Fp>\n\u003Cdiv class=\"mt-4 mb-4\">\n  \u003Ciframe style=\"max-width:100%;\" width=\"560\" height=\"315\" src=\"https:\u002F\u002Fwww.youtube.com\u002Fembed\u002FmEWXAPI2jwc?si=byrNXXBa6C49LIVE\" title=\"YouTube video player\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen>\u003C\u002Fiframe>\n\u003C\u002Fdiv>\n\u003Cp>For media inquiries, please contact:\u003C\u002Fp>\n\u003Cp>Laura Furlong\u003Cbr \u002F>\nSenior Manager, Marketing\u003Cbr \u002F>\nlaura.furlong@vgs.io \u003C\u002Fp>\n\u003Cp>\u003Cstrong>About VGS\u003C\u002Fstrong>\u003C\u002Fp>\n\u003Cp>Founded in 2015, \u003Ca href=\"https:\u002F\u002Fwww.verygoodsecurity.com\u002F\">VGS\u003C\u002Fa> is the world's leader in payment tokenization and a trusted credential management platform, which is depended on by Fortune 500 companies, merchants, fintechs, and banks alike. VGS's mission is to revolutionize the way sensitive data is stored and secured, enabling organizations to manage information across cards, bank accounts, and \u003Ca href=\"https:\u002F\u002Fwww.verygoodsecurity.com\u002Fdigital-wallet-payments\">digital wallets\u003C\u002Fa> with ease. VGS stores sensitive data and tackles critical payment acceptance challenges such as multi-PSP management, card issuance, payment orchestration enablement, PCI compliance, and the protection of personally identifiable information (PII). With over 5 billion tokens managed globally, VGS offers a comprehensive suite of solutions, including a composable \u003Ca href=\"https:\u002F\u002Fwww.verygoodsecurity.com\u002Fcard-management-platform\">Card Management Platform\u003C\u002Fa>, a \u003Ca href=\"https:\u002F\u002Fwww.verygoodsecurity.com\u002Fplatform\">PCI-compliant Vault\u003C\u002Fa>, and advanced network value-added services such as \u003Ca href=\"https:\u002F\u002Fwww.verygoodsecurity.com\u002Fnetwork-tokens\">Network Tokens\u003C\u002Fa>, \u003Ca href=\"https:\u002F\u002Fwww.verygoodsecurity.com\u002Faccount-updater\">Account Updater\u003C\u002Fa>, and \u003Ca href=\"https:\u002F\u002Fwww.verygoodsecurity.com\u002Fcard-attributes-bin-lookup\">Card Attributes\u003C\u002Fa>.\u003C\u002Fp>\n\u003Cp>Learn more at vgs.io and by following VGS on \u003Ca href=\"https:\u002F\u002Fwww.linkedin.com\u002Fcompany\u002F18142614\u002F\">LinkedIn\u003C\u002Fa>.\u003C\u002Fp>",{"metadata":124,"sys":127,"fields":137},{"tags":125,"concepts":126},[],[],{"space":128,"id":130,"type":15,"createdAt":131,"updatedAt":131,"environment":132,"publishedVersion":134,"revision":22,"contentType":135,"locale":27},{"sys":129},{"type":11,"linkType":12,"id":13},"4UBRwMt1lJcMBCHMVXQYkN","2025-06-09T17:42:14.520Z",{"sys":133},{"id":19,"type":11,"linkType":20},9,{"sys":136},{"type":11,"linkType":25,"id":26},{"title":138,"heroTitle":139,"slug":140,"thumbnail":31,"publishDate":141,"description":142,"body":143},"VGS Featured on CBS and FOX News in Docuseries 50 American Leaders","VGS, The World’s Leader in Payment Tokenization, Featured on CBS and FOX News in Docuseries 50 American Leaders","vgs-featured-on-cbs-and-fox-news-in-docuseries-50-american-leaders","2025-06-09T00:00-06:00","VGS, The World's Leader in Payment Tokenization and a trusted credential management platform for global businesses, is proudly featured in the upcoming documentary series, 50 American Leaders. Produced by Acumen Media and distributed on CBS News and FOX News","\u003Cp>SAN FRANCISCO, CA, UNITED STATES, June 9, 2025 - VGS, The World's Leader in Payment Tokenization and a trusted credential management platform for global businesses, is proudly featured in the upcoming documentary series, 50 American Leaders. Produced by \u003Ca href=\"https:\u002F\u002Facumenmedia.com\u002F\" class=\"violet\" target=\"_blank\">Acumen Media\u003C\u002Fa> and distributed on \u003Ca href=\"https:\u002F\u002Fwww.cbsnews.com\u002Fbrandstudio\u002Fnews\u002Fvgs-the-worlds-leader-in-payment-tokenization-enables-businesses-to-solve-critical-security-and-payment-challenges\u002F\" class=\"violet\" target=\"_blank\">CBS News\u003C\u002Fa> and \u003Ca href=\"https:\u002F\u002Fpartners.foxnews.com\u002Fvery-good-security\" class=\"violet\" target=\"_blank\">FOX News\u003C\u002Fa>, the acclaimed series highlights US-based companies paving the way in their respective industries. VGS's presence in the series highlights its transformative impact on payment security and the company's longstanding dedication to empowering merchants to control their payment strategy.\u003C\u002Fp>\n\u003Cp>The mission of VGS is to revolutionize the way sensitive data is secured, enabling organizations to manage information across cards, bank accounts, and digital wallets with seamless ease. With advanced payment tokenization and  PCI-compliant vault technology, VGS replaces raw sensitive data with non-sensitive tokens, allowing merchants to manage  payment processes and leverage data without the direct risk and liability of storing it themselves. The VGS platform seamlessly integrates with existing tech stacks, so merchants can securely drive revenue by achieving higher authorization rates,  reducing fraud, and streamlining operations.\u003C\u002Fp>\n\u003Cp>“VGS is here to help customers reduce their bottom line processing costs and increase their go-to-market velocity in all things issuance and acceptance,“ says Marshall Jones, Co-founder and CTO of VGS. VGS continues to innovate within the payments industry with its fully customizable Credential Management Platform, a full credential lifecycle management solution. By providing a trusted payments infrastructure through a single API integration, merchants can leverage advanced data insights, payment flows, and value-added services across all processors, service providers, and card networks in their ecosystem—all from a single, centralized location. This allows merchants to focus on scaling their evolving business while VGS revels in the complexities of payments. There is no payment outcome VGS can't handle.\u003C\u002Fp>\n\u003Cp>“Building a card data environment is not for the faint of heart. Using VGS allows you to shortcut and come to market much quicker and with a lot less burden and overhead,” says Chuck Yu, CEO of VGS. “VGS is going to be your partner staying abreast to certain threats and securing your card data making sure you can focus on building your business.”\u003C\u002Fp>\n\u003Cp>VGS is not just securing payments— VGS empowers businesses to unlock new possibilities in the ever-evolving payment landscape.\u003C\u002Fp>\n\u003Cp>Tune in to watch VGS's feature in the 50 American Leaders segment on CBS News and FOX News.\u003C\u002Fp>\n\u003Cp>For media inquiries, please contact:\u003C\u002Fp>\n\u003Cp>Laura Furlong \u003Cbr \u002F>\nSenior Manager, Marketing\u003Cbr \u002F>\nlaura.furlong@vgs.io \u003C\u002Fp>\n\u003Cp>\u003Cstrong>About VGS\u003C\u002Fstrong>\u003C\u002Fp>\n\u003Cp>Founded in 2015, VGS is The World's Leader in Payment Tokenization and trusted credential management platform, depended on by Fortune 500 companies, merchants, fintechs, and banks alike. VGS' mission is to revolutionize the way sensitive data is stored and secured, enabling organizations to manage information across cards, bank accounts, and digital wallets with ease. VGS stores sensitive data and tackles critical payment acceptance challenges such as multi-PSP management, card issuance, payment orchestration enablement, PCI compliance, and the protection of personally identifiable information (PII). With over 4 billion tokens managed globally, VGS offers a comprehensive suite of solutions, including a composable Card Management Platform, a PCI-compliant Vault, and advanced network value-added services such as Network Tokens, Account Updater, and Card Attributes.\u003C\u002Fp>\n\u003Cp>Learn more at vgs.io and by following VGS on \u003Ca href=\"https:\u002F\u002Fwww.linkedin.com\u002Fcompany\u002F18142614\u002F\">LinkedIn\u003C\u002Fa>.\u003C\u002Fp>",{"metadata":145,"sys":148,"fields":158},{"tags":146,"concepts":147},[],[],{"space":149,"id":151,"type":15,"createdAt":152,"updatedAt":153,"environment":154,"publishedVersion":90,"revision":91,"contentType":156,"locale":27},{"sys":150},{"type":11,"linkType":12,"id":13},"5iekOg7deSTc0I7jbyJMK3","2025-04-30T18:06:33.878Z","2025-04-30T19:14:07.281Z",{"sys":155},{"id":19,"type":11,"linkType":20},{"sys":157},{"type":11,"linkType":25,"id":26},{"title":159,"heroTitle":159,"slug":160,"thumbnail":31,"featuredThumbnail":31,"featuredPressRelease":161,"publishDate":162,"description":163,"body":164},"VGS Expands Partnership with Visa to Pioneer AI Driven Commerce with Secure Payments Infrastructure","vgs-expands-partnership-with-visa-to-pioneer-ai-driven-commerce",true,"2025-04-30T00:00-06:00","VGS, The World’s Leader in Tokenization, is proud to announce an expansion of its successful, long-term partnership with Visa.  Building on years of product partnership and shared achievements, VGS will be a preferred pilot partner with Visa, helping to pioneer the future of AI commerce.","\u003Cp>April 30, 2025, San Francisco, CA - VGS, The World’s Leader in Tokenization, is proud to announce an expansion of its successful, long-term partnership with Visa.  Building on years of product partnership and shared achievements, VGS will be a preferred pilot partner with Visa through the Visa Intelligent Commerce program, helping to pioneer the future of AI commerce. Today, VGS powers 4.5B tokens globally, many of which are Visa cards, for some of the largest platforms, merchants, FIs, and fintechs in the world. Now, our long-standing strategic partnership for payments tokenization is evolving into foundational infrastructure to enable AI and Agent-driven commerce experiences, an emerging ecosystem often called Agentic Commerce. This evolution signifies a strengthened commitment from both organizations to leverage their respective strengths and expertise to deliver even greater and more secure payment outcomes for all commerce participants, from Merchants to Developers to Fintechs of all types around the world.\u003C\u002Fp>\n\u003Cp>“We believe that tokenization unlocks payments in agentic commerce” says VGS CEO, Chuck Yu. “And we're excited to partner with Visa to establish secure payments infrastructure and benchmarks for agentic commerce designed to enable AI agents, acting on behalf of payers, to seamlessly discover, evaluate, and complete purchase transactions.”\u003C\u002Fp>\n\u003Cp>With both companies at the forefront of empowering agentic commerce and merchant platforms, Visa and VGS remain committed to collaborating on empowering agentic commerce to scale and grow.\u003C\u002Fp>\n\u003Cp>Read more about Visa Intelligent Commerce here:\u003Cbr \u002F> \u003Ca href=\"https:\u002F\u002Fusa.visa.com\u002Fabout-visa\u002Fnewsroom\u002Fpress-releases.releaseId.21366.html\" target=\"_blank\" class=\"violet\">https:\u002F\u002Fusa.visa.com\u002Fabout-visa\u002Fnewsroom\u002Fpress-releases.releaseId.21366.html\u003C\u002Fa>\u003C\u002Fp>\n\u003Cp>For media inquiries, please contact:\u003C\u002Fp>\n\u003Cp class=\"pb-3\">\n  Jennifer Marshall Sibert\u003Cbr \u002F>\n  Senior Manager, Marketing\u003Cbr \u002F>\n  jennifer.marshall@vgs.io \u003C\u002Fp>\n\u003Ch4>About VGS\u003C\u002Fh4>\n\u003Cp>Founded in 2015, VGS is The World's Leader in Payment Tokenization and trusted credential management platform, depended on by Fortune 500 companies, merchants, fintechs, and banks alike. VGS' mission is to revolutionize the way sensitive data is stored and secured, enabling organizations to manage information across cards, bank accounts, and digital wallets with ease. VGS stores sensitive data and tackles critical payment acceptance challenges such as multi-PSP management, card issuance, payment orchestration enablement, PCI compliance, and the protection of personally identifiable information (PII). With over 4 billion tokens managed globally, VGS offers a comprehensive suite of solutions, including a composable Card Management Platform, a PCI-compliant Vault, and advanced network value-added services such as Network Tokens, Account Updater, and Card Attributes. \u003C\u002Fp>\n\u003Cp class=\"pb-3\">Learn more at vgs.io and by following VGS on \u003Ca href=\"https:\u002F\u002Fwww.linkedin.com\u002Fcompany\u002F18142614\u002F\" class=\"violet\">LinkedIn\u003C\u002Fa>.\u003C\u002Fp>\n\u003Ch4>About Visa\u003C\u002Fh4>\n\u003Cp>Visa (NYSE: V) is a world leader in digital payments, facilitating transactions between consumers, merchants, financial institutions and government entities across more than 200 countries and territories. Our mission is to connect the world through the most innovative, convenient, reliable and secure payments network, enabling individuals, businesses and economies to thrive. We believe that economies that include everyone everywhere, uplift everyone everywhere and see access as foundational to the future of money movement. Learn more at \u003Ca href=\"http:\u002F\u002Fvisa.com\u002F\" class=\"violet\" target=\"_blank\">Visa.com\u003C\u002Fa>.\u003C\u002Fp>",{"metadata":166,"sys":169,"fields":180},{"tags":167,"concepts":168},[],[],{"space":170,"id":172,"type":15,"createdAt":173,"updatedAt":174,"environment":175,"publishedVersion":177,"revision":91,"contentType":178,"locale":27},{"sys":171},{"type":11,"linkType":12,"id":13},"6nzM5PctAOUlEFTyELePgS","2024-06-03T13:56:57.122Z","2025-07-03T20:01:19.951Z",{"sys":176},{"id":19,"type":11,"linkType":20},39,{"sys":179},{"type":11,"linkType":25,"id":26},{"title":181,"slug":182,"thumbnail":31,"featuredThumbnail":31,"featuredPressRelease":183,"publishDate":184,"description":185,"body":186},"VGS and Onafriq Partnering to Increase Security and Payments Innovation for Fintechs in Africa & the Middle East","vgs-and-onafriq-partnering-to-increase-security-and-payments-innovation-for-fintechs-in-africa-and-middle-east",false,"2024-06-03T00:00-06:00","VGS has announced a strategic partnership with Onafriq, Africa’s largest payments network, that is aimed at bolstering security and innovation for Fintechs across Africa and the Middle East.","\u003Cp>San Francisco, CA, June 03, 2024 - VGS has announced a strategic partnership with \u003Ca href=\"https:\u002F\u002Fonafriq.com\u002F\" target=\"_blank\">Onafriq\u003C\u002Fa>, Africa's largest payments network, that is aimed at bolstering security and innovation for Fintechs across Africa and the Middle East. This partnership marks the culmination of a longstanding relationship between the two entities, with VGS serving as Onafriq's trusted partner for PCI compliance and payment features.\n\u003C\u002Fp>\n\u003Cp>As a \u003Ca href=\"\u002Fvault\">universal token vault\u003C\u002Fa>, VGS specializes in securely collecting and storing payment card information on behalf of its clients, thus shielding them from \u003Ca href=\"\u002Fcompliance-solutions\u002Fpci\" target=\"_blank\">PCI compliance liability\u003C\u002Fa> and the inherent risks associated with handling sensitive data. This collaboration has empowered Onafriq and its fintech clientele to operate with enhanced security and peace of mind while focusing on driving innovation and delivering superior financial services to their customers.\u003C\u002Fp>\n\u003Cp>This partnership brings with it a host of important developments. Onafriq is set to implement VGS’s card reveal capability for its new \"Credential Show\" feature, which will apply to virtual cards and other card issuance features specifically tailored to fintech providers in Africa and the Middle East.\u003C\u002Fp>\n\u003Cp>The “Credential Show” feature is enabled for fintechs and financial institutions when they opt for this capability, together with card issuing APIs offered by Onafriq. This is where Onafriq and VGS securely collect and store PAN (Primary Account Number) data and display a complete card number, expiration date, and CVV to end-users upon their request. The process insulates Onafriq’s fintech clients from coming under compliance scope while offering user self-serve options and reducing customer service needs.\u003C\u002Fp>\n\u003Cp>Moreover, VGS and Onafriq are committed to exploring opportunities for product co-development and expanding the scope of payment acceptance use cases throughout Africa and the Middle East. Together, they aim to make it simpler and safer for fintechs to offer innovative financial solutions to millions of African consumers while building a future where fintech companies can thrive and expand in a secure environment.\u003C\u002Fp>\n\u003Cp>\"We are thrilled to deepen our partnership with Onafriq and embark on this journey of innovation and collaboration,\" said VGS CEO Chuck Yu. \"Together, we are poised to unlock new security and payments innovation possibilities for fintechs based in Africa and the Middle East, ultimately empowering businesses and consumers alike.\"\u003C\u002Fp>\n\u003Cp>Likewise, Onafriq COO Rajat Mishra expressed enthusiasm for the partnership, stating, \"At Onafriq, we are committed to delivering cutting-edge solutions that meet the evolving needs of our partners. By leveraging VGS's best-in-class technology and combining it with Onafriq’s unique expertise around payment interoperability, we are confident that we can drive meaningful impact and shape the future of fintech across Africa and the Middle East.\"\u003C\u002Fp>\n\u003Cp>The VGS-Onafriq partnership is a significant milestone in payments innovation for fintechs in Africa and the Middle East looking to uphold standards for \u003Ca href=\"\u002Fras\">excellence in security\u003C\u002Fa>, reliability, and customer experience.\u003C\u002Fp>\n\u003Cp>For media inquiries, please contact:\u003C\u002Fp>\n\u003Cp>Khyati Srivastava\u003Cbr \u002F>Sr. Director, Marketing\u003Cbr \u002F>khyati.srivastava@vgs.io\n\u003C\u002Fp>\n\u003Cp>Brandon Lundie\u003Cbr \u002F>Irvine Partners\u003Cbr \u002F>brandon@irvinepartners.co.za\u003C\u002Fp>\n\u003Ch4 class=\"pt-3\">About VGS\u003C\u002Fh4>\n\u003Cp>VGS is the world's leader in payment tokenization. Large banks, aspiring fintechs, and growing merchants embed our universal token vault into their technology stack to manage the complexities of payment data tokenization across processors and networks, open banking, card issuance, omnichannel loyalty, PCI compliance, payment orchestration, and more. We empower our clients and partners by tokenizing sensitive payment data, limiting compliance scope, and consolidating payments to unlock revenue and business opportunities. \u003C\u002Fp>\n\u003Cp>Learn more at \u003Ca href=\"https:\u002F\u002Fvgs.io\">vgs.io\u003C\u002Fa> and by following us on \u003Ca href=\"https:\u002F\u002Fwww.linkedin.com\u002Fcompany\u002F18142614\u002F\" target=\"_blank\">LinkedIn\u003C\u002Fa>. \u003C\u002Fp>\n\u003Ch4 class=\"pt-3\">About Onafriq\u003C\u002Fh4>\n\u003Cp>Onafriq is an omnichannel network of networks, making borders matter less by providing our partners with a single pathway to unlock the full power of cross-border and cross-platform payment solutions. With a network spanning 40 African markets, Onafriq connects over 500 million mobile money wallets, 200 million bank accounts, and over 400,000 agents in Nigeria, enabling domestic and cross-border disbursements and collections, card issuing and processing, agency banking, and treasury services. \u003C\u002Fp>\n\u003Cp>At Onafriq, we bring together global and regional enterprises, mobile network operators, money transfer operators, banks, fintechs, global development organizations, and online and offline merchants. With top-notch regulatory and compliance capabilities and a robust regional presence encompassing 10 offices in Africa, as well as locations in the UK, US, and China, we are paving the way for a new era of access for people across the African continent and beyond. Learn more at \u003Ca href=\"http:\u002F\u002Fonafriq.com\" target=\"_blank\">onafriq.com\u003C\u002Fa>.\u003C\u002Fp>",{"metadata":188,"sys":191,"fields":202},{"tags":189,"concepts":190},[],[],{"space":192,"id":194,"type":15,"createdAt":195,"updatedAt":196,"environment":197,"publishedVersion":199,"revision":91,"contentType":200,"locale":27},{"sys":193},{"type":11,"linkType":12,"id":13},"14yKIsT2vDtPgc84dqdiNu","2024-05-16T10:43:47.762Z","2024-05-20T19:07:01.782Z",{"sys":198},{"id":19,"type":11,"linkType":20},19,{"sys":201},{"type":11,"linkType":25,"id":26},{"title":203,"heroTitle":204,"slug":205,"thumbnail":31,"featuredPressRelease":161,"publishDate":206,"description":207,"body":208},"After transformational year in payments, VGS surpasses 3 billion tokens","After transformational year in payments, VGS surpasses 3 billion tokens ","after-transformational-year-in-payments-vgs-surpasses-3-billion-tokens","2024-05-16T00:00-06:00","VGS announced it has surpassed three billion tokens stored, reflecting the transformational impact of the company’s universal token vault and cementing its position as the leader in payment tokenization.","\u003Cp>\u003Ci>Formerly known as Very Good Security, VGS powers more than a dozen of the largest global unicorns; added 131 clients in last 12 month and brought in executives from Visa\u003C\u002Fi>\u003C\u002Fp>\n\u003Cp>May 16, 2024 — VGS, formerly known as Very Good Security, today announced it has surpassed three billion tokens stored, reflecting the transformational impact of the company's universal token vault and cementing its position as the leader in payment tokenization. VGS works with companies across every major continent — including AWS, Albertsons, Deserve, and Fivestars by Sumup. The company now stores more than 70 percent of credentials in the United States and initiates more than 30B data calls per year.\u003C\u002Fp>\n\u003Cp>“As we've gotten deeper into the payments stack with our partners it has become very clear that we play a critical role in payments infrastructure. There isn't a payment outcome we can't handle,” said Chuck Yu, a former Visa executive who joined VGS as CEO in April 2023. “In managing payment tokenization and attendant compliance challenges, we're unlocking better revenue and business opportunities for our partners, whether they are a big bank, an aspiring fintech, or a growing merchant — we can handle every unique use case. I'm thrilled that we continue to grow alongside our clients while adding value across the payments ecosystem.”\u003C\u002Fp>\n\u003Cp>After joining VGS, Yu quickly assembled a leadership team of payments industry veterans, including several Visa alumni with leadership roles in product, revenue, marketing, and strategy.\u003C\u002Fp>\n\u003Cp>The milestone comes on the heels of a transformational year for the company and for payments more broadly. While consumers and businesses have more payment options than ever — the result of a proliferation of processors as well as the rise of open banking — companies' payment needs have become more acute. Through its secure universal token vault, VGS stores sensitive data and manages payment routing across multiple processors and networks. Its technology helps companies transform sensitive data from a liability to an asset, helping them rapidly achieve their payment and security needs while unlocking new revenue sources, expanding customer loyalty, and increasing profits. VGS reduces the costs of complying with PCI by 50-75% and reduces time to market by 50%.\u003C\u002Fp>\n\u003Cp>“VGS has long been a leader in payments security and compliance. But it's thrilling to see how the company continues to widen its advantage by enabling customers to reimagine payments orchestration to drive savings and bottom-line impact,” said Alex Rampell, General Partner at Andreessen Horowitz and VGS board member.\u003C\u002Fp>\n\u003Cp>\"VGS has been a critical partner in our work to integrate marketing and loyalty programs for the thousands of businesses that use our platform,” said Matt Doka, CTO and Head of Enterprise of SumUp North America,. “By allowing us to fully retain control over our CRM and transaction data without compromising on security or getting locked into a single payment processor, VGS empowers us and our customers. With VGS, we saved nearly $1M and six months of development time, enabling us to focus on building exceptional experiences for both merchants and consumers. This collaboration has helped propel both us and the small businesses we serve, powering loyalty programs on par with large retailers for mom-and-pop shops across the country.\"\u003C\u002Fp>\n\u003Cp>VGS was founded in 2016 with a focus on data security. It is backed by Visa, Andreessen Horowitz, Nyca, Goldman Sachs, and Vertex Ventures.\u003C\u002Fp>\n\u003Ch4 class=\"pt-3\">ABOUT VGS\u003C\u002Fh4>\n\u003Cp>VGS is the world's leader in payment tokenization. Large banks, aspiring fintechs, and growing merchants embed our universal token vault into their technology stack to manage the complexities of payment data tokenization across processors and networks, open banking, card issuance, omni-channel loyalty, PCI compliance, payment orchestration, and more. We empower our clients and partners by tokenizing sensitive payment data, limiting compliance scope, and consolidating payments to unlock revenue and business opportunities.\u003C\u002Fp>\n\u003Cp>VGS provides processor-agnostic tokenization solutions via secure universal token vaults, iframes, mobile SDKs, tokenization proxies, APIs, and data orchestration tooling to support payment acceptance, card issuance, PII and bank account tokenization, and other payments value-added services. Some of the use cases we enable include multi-processor network tokenization, account updater services, payment orchestration, secure settlement file processing, 3DS, and risk provider connectivity.\u003C\u002Fp>\n\u003Cp>As mentioned on \u003Ca class=\"violet\" href=\"https:\u002F\u002Fwww.businesswire.com\u002Fnews\u002Fhome\u002F20240516471523\u002Fen\u002FAfter-Transformational-Year-in-Payments-VGS-Surpasses-3-Billion-Tokens\" target=\"_blank\">https:\u002F\u002Fwww.businesswire.com\u002Fnews\u002Fhome\u002F20240516471523\u002Fen\u002FAfter-Transformational-Year-in-Payments-VGS-Surpasses-3-Billion-Tokens\u003C\u002Fa>\u003C\u002Fp>",{"metadata":210,"sys":213,"fields":225},{"tags":211,"concepts":212},[],[],{"space":214,"id":216,"type":15,"createdAt":217,"updatedAt":218,"environment":219,"publishedVersion":221,"revision":222,"contentType":223,"locale":27},{"sys":215},{"type":11,"linkType":12,"id":13},"1FEWVHF5yFhZALqPiOVQ3E","2023-06-27T18:50:52.965Z","2024-01-25T00:12:42.946Z",{"sys":220},{"id":19,"type":11,"linkType":20},62,5,{"sys":224},{"type":11,"linkType":25,"id":26},{"title":226,"heroTitle":226,"slug":227,"thumbnail":228,"featuredThumbnail":251,"featuredPressRelease":183,"publishDate":273,"description":274,"body":275},"VGS Launches Vault Tokenizer, a Snowflake Native App in the Data Cloud","vgs-launches-vault-tokenizer-a-snowflake-native-app-in-the-data-cloud",{"metadata":229,"sys":232,"fields":239},{"tags":230,"concepts":231},[],[],{"space":233,"id":235,"type":39,"createdAt":236,"updatedAt":236,"environment":237,"publishedVersion":43,"revision":22,"locale":27},{"sys":234},{"type":11,"linkType":12,"id":13},"6SA7pi9GzJxJXjVYA6ve8I","2023-06-26T15:45:07.436Z",{"sys":238},{"id":19,"type":11,"linkType":20},{"title":240,"description":241,"file":242},"vgs-snowflake","",{"url":243,"details":244,"fileName":249,"contentType":250},"\u002F\u002Fimages.ctfassets.net\u002Fe6d9jibdbc6c\u002F6SA7pi9GzJxJXjVYA6ve8I\u002Fe364c04f5b25fe3509ccf0755b802b90\u002FVGS__Snowflake.png",{"size":245,"image":246},5756623,{"width":247,"height":248},3832,2010,"VGS__Snowflake.png","image\u002Fpng",{"metadata":252,"sys":255,"fields":263},{"tags":253,"concepts":254},[],[],{"space":256,"id":258,"type":39,"createdAt":259,"updatedAt":260,"environment":261,"publishedVersion":69,"revision":43,"locale":27},{"sys":257},{"type":11,"linkType":12,"id":13},"3jzaGXnffNTbw2ibI6atsr","2023-06-27T19:05:34.955Z","2023-06-27T19:57:11.721Z",{"sys":262},{"id":19,"type":11,"linkType":20},{"title":264,"description":241,"file":265},"vgs-snowflake-press",{"url":266,"details":267,"fileName":272,"contentType":250},"\u002F\u002Fimages.ctfassets.net\u002Fe6d9jibdbc6c\u002F3jzaGXnffNTbw2ibI6atsr\u002F9dc374aa7af1368f597f91d5dccb63eb\u002Fsnowflake-vgs-2.png",{"size":268,"image":269},206080,{"width":270,"height":271},484,616,"snowflake-vgs-2.png","2023-06-27T00:00-04:00","With Vault Tokenizer available on Snowflake Marketplace, Snowflake customers can tokenize and analyze highly sensitive data in the Data Cloud, unlocking valuable insights while avoiding security risks and compliance exposure.","LAS VEGAS – June 27, 2023 – VGS,  the world’s largest cloud-based tokenization platform, announced at Snowflake’s annual user conference, [Snowflake Summit 2023](https:\u002F\u002Fwww.snowflake.com\u002Fsummit\u002F), the launch of VGS Vault Tokenizer, a [Snowflake Native App](https:\u002F\u002Fwww.snowflake.com\u002Fnews\u002Fsnowflake-native-app-framework-empowers-all-developers-to-join-industry-leaders-within-the-data-cloud) on [Snowflake Marketplace](https:\u002F\u002Fapp.snowflake.com\u002Fmarketplace). By using VGS Vault Tokenizer, Snowflake customers can seamlessly tap into the VGS platform to collect, protect, and exchange sensitive data.\n\n> With VGS Vault available on Snowflake Marketplace, Snowflake customers can tokenize and analyze highly sensitive data in the Data Cloud, unlocking valuable insights while avoiding security risks and compliance exposure.\n\n[Snowflake](https:\u002F\u002Fwww.snowflake.com\u002F), the Data Cloud company, announced that the Snowflake Native App Framework (public preview on AWS) is now available for developers to build and test apps natively in the Data Cloud with additional distribution and monetization capabilities in public preview soon. Snowflake Native Apps usher in a new era of data collaboration, enabling developers with the tools needed to create robust apps quickly with Snowflake's high availability and auto-scalability, all the while reducing security and procurement hurdles for customers because the apps run directly within the customers’ Snowflake accounts. \n\n“To move fast and grow quickly, customers need to access and analyze their data on a real-time basis. But the burden of data security, privacy, and governance can make that costly and complex,” said Nithin Bose, VP of Product at VGS. “By adopting tokenization, organizations can streamline data sharing, enhance security, and reduce costs associated with managing sensitive information. With the VGS Vault available on Snowflake Marketplace, our joint customers can balance the complexities of traditional security and compliance frameworks, while accelerating  innovation, speed to market, and democratization of data.”\n\n“The Snowflake Native App Framework enables partners, like VGS, to bring their apps directly to their customer’s data to drive value,” said Chris Child, Senior Director of Product Management, Snowflake. “The VGS Vault Snowflake Native App enables Snowflake’s customers to unlock valuable insights in the Snowflake Data Cloud, while avoiding security risks or compliance exposure.”\n\nSnowflake Marketplace already has over 25 new Snowflake Native Apps available today, and over one hundred providers are currently developing apps that span multiple industries and use cases. VGS is one of the leading organizations building in the Data Cloud, with a Snowflake Native App readily available to easily bring unique insights to end users and enabling them to unlock value with just a few clicks on Snowflake Marketplace. By being [Powered by Snowflake](https:\u002F\u002Fwww.snowflake.com\u002Fpartners\u002Fpoweredbysnowflake\u002F),  VGS is able to impact the community by distributing its app to thousands of Snowflake customers, without these customers having to move or expose their data.\n\u003Cbr>\n\n### Harnessing the VGS Vault on Snowflake\nThe VGS Vault Tokenizer is available as a Snowflake [Native App on Snowflake Marketplace](https:\u002F\u002Fapp.snowflake.com\u002Fmarketplace\u002Flisting\u002FGZTYZCNE9KE\u002Fvery-good-security-vgs-vault-tokenizer?search=vgs) for Snowflake customers to discover and install. The Snowflake Native App tokenizes sensitive data as soon as the data enter a customer’s data lake on Snowflake, enhancing data analysis capabilities within the Snowflake Data Cloud, while ensuring data fidelity and mitigating risk. VGS replaces the raw value with a 1-1 mapping token to preserve privacy and analytical value, while supporting efficient, data-driven operations. The app runs in the customer’s Snowflake infrastructure and simple-to-use interfaces will be made available to tokenize and detokenize.\n\n\u003Cimg src=\"https:\u002F\u002Fimages.ctfassets.net\u002Fe6d9jibdbc6c\u002F7I3EZYltSmIONSouHJj8cG\u002Fd788dc5b1343e3b18206a4fda886cc60\u002FFrame_1.png\" style=\"max-width:100%;margin-bottom:30px;\" \u002F>\n\u003Cbr>\n\nLearn more about Snowflake’s continued innovations, and how it is enabling organizations to distribute and monetize leading apps at scale in the Data Cloud [here](https:\u002F\u002Fwww.snowflake.com\u002Fnews\u002Fsnowflake-native-app-framework-empowers-all-developers-to-join-industry-leaders-within-the-data-cloud). Be sure to check out the Snowflake Summit 2023 keynotes live or on-demand [here](https:\u002F\u002Fwww.snowflake.com\u002Fsummit\u002F?utm_source=pressrelease&utm_medium=partner&utm_campaign=--en-&utm_content=-evv-), and stay on top of the latest news and announcements from Snowflake on [LinkedIn](https:\u002F\u002Fwww.linkedin.com\u002Fcompany\u002F3653845\u002F) and [Twitter](https:\u002F\u002Ftwitter.com\u002FSnowflakeDB).\n\u003Cbr>\n\n##### About VGS\n[VGS](https:\u002F\u002Fwww.verygoodsecurity.com\u002F) is the world’s largest cloud-based tokenization platform. As a payments infrastructure company, VGS offers solutions for PCI descoping, payments orchestration, and omni-channel matching. The VGS Vault protects all sensitive information, orchestrates payments, and consolidates transaction data from multiple processors.\n\n__VGS Media Contact__:\nStefan Slattery\nHead of Growth \nVGS\nstefan.slattery@vgs.io\n",{"metadata":277,"sys":280,"fields":291},{"tags":278,"concepts":279},[],[],{"space":281,"id":283,"type":15,"createdAt":284,"updatedAt":285,"environment":286,"publishedVersion":288,"revision":43,"contentType":289,"locale":27},{"sys":282},{"type":11,"linkType":12,"id":13},"4Lp3ICQ77ZrBv3w3DZpNDF","2023-04-11T13:46:11.021Z","2024-05-20T19:07:15.109Z",{"sys":287},{"id":19,"type":11,"linkType":20},35,{"sys":290},{"type":11,"linkType":25,"id":26},{"title":292,"heroTitle":292,"slug":293,"thumbnail":31,"featuredPressRelease":183,"publishDate":294,"description":295,"body":296},"Very Good Security Appoints Chuck Yu as CEO","very-good-security-appoints-chuck-yu-as-ceo","2023-04-11T00:00-06:00","Very Good Security (VGS), the leading provider of payment security and compliance solutions for merchants, fintechs, and banks, has appointed Chuck Yu as its Chief Executive Officer.","*Very Good Security Appoints Chuck Yu as CEO*\n\n__SAN FRANCISCO, CA - April 11, 2023__ - [Very Good Security](https:\u002F\u002Fverygoodsecurity.com) (VGS), the leading provider of payment security and compliance solutions for merchants, fintechs, and banks, has appointed Chuck Yu as its Chief Executive Officer.\n\nWith an impressive history of executive leadership roles at Visa Inc., Point Digital Finance, and TrialPay, Chuck has consistently led diverse teams that galvanized innovation and growth in the ever-evolving world of finance and technology.\n\n“Chuck is a transformational force,“ said Jonathan Heiliger, General Partner, Vertex Ventures US. “His deep ties in the fintech and payments space will help advance VGS's industry leadership position as the company looks to help its clients secure critical data and streamline compliance in more powerful and progressive ways.\"\n\nDuring his tenure at Visa, Chuck’s scope consistently expanded, and he led teams across the business, including business development, sales, finance, and operations. As the head of business development for Visa's Global Fintech team, he also played a pivotal role in cultivating strategic partnerships which fueled the rapid expansion of cutting-edge fintech solutions worldwide.\n\nPrior to Visa, Chuck was the Chief Revenue Officer at TrialPay Inc, which was acquired by Visa in 2015.\n\n“I am thrilled to lead an elite company and guide VGS through its next stage. Our core mission is to power the flow of the world’s sensitive data, and achieving this requires continuous innovation. I am eager to work closely with our talented team to forge new strategic partnerships with industry leaders, and deeper relationships with the top brands that have chosen to trust us with their critical financial data.”\n\nVGS has built a powerful and extensible payments security platform, which securely processes billions of sensitive data records annually. VGS's groundbreaking approach has let issuers and merchants streamline compliance while allowing them to tap into the value of their critical data, helping companies transform sensitive data from a liability to an asset. This revolutionary approach allows VGS clients to rapidly achieve their payment and security needs while unlocking new revenue sources, expanding customer loyalty, and increasing profits.\n\nVGS has earned strategic investments from an elite group of investors, including industry giants like [Visa Inc](https:\u002F\u002Fusa.visa.com\u002F). and [Goldman Sachs](https:\u002F\u002Fwww.goldmansachs.com\u002F), and notable venture capital firms like [Andreessen Horowitz](https:\u002F\u002Fa16z.com\u002F) and [Vertex Ventures US](https:\u002F\u002Fvvus.com\u002F). \n\nAs CEO, Chuck will focus on key strategic areas such as go-to-market, product roadmap innovation, and deepening customer relationships to maintain the company's leadership in payment security and compliance, while continuing to position for growth.\n\n__About Very Good Security__\nVGS makes it easy for customers to collect, protect, and exchange sensitive financial data to accelerate revenue, eliminate risk, ensure compliance, and drive profitability. VGS is on a mission to protect the world's sensitive financial information through its portfolio of payment security and compliance solutions. Businesses are enabled with ownership and control over their critical customer information to extract value and drive expansion while being descoped from the associated risks and liability of handling sensitive data.\n\nMedia Contact:\nStefan Slattery\nHead of Growth \nVery Good Security\nstefan.slattery@verygoodsecurity.com ",{"metadata":298,"sys":301,"fields":312},{"tags":299,"concepts":300},[],[],{"space":302,"id":304,"type":15,"createdAt":305,"updatedAt":306,"environment":307,"publishedVersion":309,"revision":113,"contentType":310,"locale":27},{"sys":303},{"type":11,"linkType":12,"id":13},"4bzJ4fwALKH7laWuDVsFx8","2023-06-29T16:57:59.845Z","2024-02-06T19:55:55.787Z",{"sys":308},{"id":19,"type":11,"linkType":20},15,{"sys":311},{"type":11,"linkType":25,"id":26},{"title":313,"heroTitle":313,"slug":314,"thumbnail":315,"featuredPressRelease":183,"publishDate":336,"description":337,"body":338},"Very Good Security Honored as an Inc. 5000 Fastest Growing Company","very-good-security-honored-as-an-inc-5000-fastest-growing-company",{"metadata":316,"sys":319,"fields":326},{"tags":317,"concepts":318},[],[],{"space":320,"id":322,"type":39,"createdAt":323,"updatedAt":323,"environment":324,"publishedVersion":43,"revision":22,"locale":27},{"sys":321},{"type":11,"linkType":12,"id":13},"6Z7KieSMyMoBQNtm2mjl9R","2023-01-06T00:37:57.495Z",{"sys":325},{"id":19,"type":11,"linkType":20},{"title":327,"description":241,"file":328},"How Hard is PCI Compliance?",{"url":329,"details":330,"fileName":335,"contentType":250},"\u002F\u002Fimages.ctfassets.net\u002Fe6d9jibdbc6c\u002F6Z7KieSMyMoBQNtm2mjl9R\u002Fed2a2ffd0e36358e3f86cd8016ef91f3\u002FHow_Hard_is_PCI_Compliance_to_Achieve___1_.png",{"size":331,"image":332},224710,{"width":333,"height":334},2100,1124,"How Hard is PCI Compliance to Achieve_ (1).png","2022-08-16T00:00-04:00","Very Good Security (VGS), the modern standard for secure storage, exchange, and optimization of the world’s payment and identity data, today announced that it has ranked 991 on the Inc. 5000 list of Fastest Growing Companies.","SAN FRANCISCO, Aug. 16, 2022 (GLOBE NEWSWIRE) -- Very Good Security (VGS), the modern standard for secure storage, exchange, and optimization of the world’s payment and identity data, today announced that it has ranked 991 on the Inc. 5000 list of Fastest Growing Companies.\n\nConsidered a hallmark of entrepreneurial success, Inc. 5000 requires honorees to be privately held, for-profit, and able to prove a percentage of revenue growth from 2018 to 2022. VGS has grown significantly in the past few years, seeing increased interest from brands needing to securely manage payment and identity data in ways that are compliant with international regulation.\n\n“Protecting the world’s payment and identity data is the cornerstone of our business, and our customers see fast, secure options available for their sensitive information as an imperative to running their businesses,” said Mahmoud Abdelkader, CEO and Co-founder of VGS. “This distinction from Inc. is further confirmation that our approach is successful and necessary in the evolving online payments landscape.”\n\nAccording to [Vantage Market Research](https:\u002F\u002Fwww.globenewswire.com\u002FTracker?data=asufZo3SPm1C3otsh7C7bek9R_l2ZPzxZkrSP_sStbwJY6lqIohlroEZgPz_6wEE-uVzDbqxk2lYLp_IUbQHM3tbzHJuKSn4nlm2gw03Fk6RkgBVcW4tDxyEaMqB2V57N-hdPlfTaRlQzTunAFAXeTXWks6By2PVotGQk2V7cDmDUuYKViIzuIBjHG86fW5oNWzogKbGUCiU86wG8eiPNNNu0Z6y12w0zENXY-ju6pAIL5m7ZeHSkNwQD00Qk5nfOA3lEAI6A8MkdGNylOemU68UnArWEYbeJivqdEUa72yhbfPbqOXrUR7zHWacfjCF9UR7RYsV8wANUMZrq_IOhKYfNriylxfcepITV11QLMagASiGdWTxwmPh2RcXy9Kc0iDcFo0D9j4Dq-YO1EaWqnJUP-QTKJUohHGck7-KJ1mby35oOlHQ51-XZ7DMj3IBmeQn5nL5iUyxKKAaY0j6_UkWOwsid2eN6iYPTKZmT9yz-X0ZbrGCDhviAyEzmof5SeQtS-lkBIgtFzXrJ78_pXCfq9rx2gGfMb7EyzBnm6Qwdr_3HK1bfsRq03gg1d7Q), Fintech is projected to grow at a CAGR of 19.8% from 2022 to 2028. The pandemic accelerated the industry’s growth as the world moved more systems online at a faster rate than ever before. With the growth of online payments comes more opportunities for hackers to access sensitive payment or identity data. VGS addresses this risk through its leading approach to data security. To learn more about how the company does this and why it is one of Inc.’s fastest growing companies, visit [verygoodsecurity.com](https:\u002F\u002Fwww.verygoodsecurity.com\u002F).\n\nAbout Very Good Security\nVery Good Security (VGS) is on a mission to secure the storage and exchange of the world’s payment data while maximizing its utility. Through a unique Zero Data™ approach to data security, VGS empowers companies to turn the burden of sensitive data into an asset by creating opportunities for more revenue through data monetization, new business lines, increased product innovation, omnichannel insights, fraud reduction, and beyond. For more information about VGS, visit [verygoodsecurity.com](https:\u002F\u002Fwww.verygoodsecurity.com\u002F).\n\nMedia Contact:\nStefan Slattery\nHead of Growth, VGS\nstefan.slattery@vgs.io",{"metadata":340,"sys":343,"fields":353},{"tags":341,"concepts":342},[],[],{"space":344,"id":346,"type":15,"createdAt":347,"updatedAt":347,"environment":348,"publishedVersion":350,"revision":22,"contentType":351,"locale":27},{"sys":345},{"type":11,"linkType":12,"id":13},"63WKI3JUWoAQDN0rrRXlOr","2023-06-21T17:02:53.010Z",{"sys":349},{"id":19,"type":11,"linkType":20},36,{"sys":352},{"type":11,"linkType":25,"id":26},{"title":354,"heroTitle":355,"slug":356,"thumbnail":357,"featuredPressRelease":183,"publishDate":378,"description":379,"body":380},"VGS Plaid Partnership","VGS Partners with Plaid to Enhance Data Security for the Digital Finance Ecosystem","vgs-partners-with-plaid-enhance-data-security",{"metadata":358,"sys":361,"fields":368},{"tags":359,"concepts":360},[],[],{"space":362,"id":364,"type":39,"createdAt":365,"updatedAt":365,"environment":366,"publishedVersion":43,"revision":22,"locale":27},{"sys":363},{"type":11,"linkType":12,"id":13},"1vDkPTZwmV5R9tgNMrwxtC","2019-11-26T11:53:31.119Z",{"sys":367},{"id":19,"type":11,"linkType":20},{"title":369,"file":370},"plaid-partnership-vgs",{"url":371,"details":372,"fileName":377,"contentType":54},"\u002F\u002Fimages.ctfassets.net\u002Fe6d9jibdbc6c\u002F1vDkPTZwmV5R9tgNMrwxtC\u002Fe6a8594f9825286c0222eea212205d58\u002Fplaid-partnership-vgs.jpg",{"size":373,"image":374},85770,{"width":375,"height":376},1440,770,"plaid-partnership-vgs.jpg","2022-05-16T00:00-04:00","VGS expands its partnership with Plaid to provide tokenization and financial data vaulting services, enhancing data security for Plaid's customers. The collaboration integrates VGS's Vault Platform with Plaid APIs to tokenize sensitive data, reducing liability, and streamlining compliance. The solution allows companies to extract value from sensitive data securely and efficiently, helping them innovate without security and compliance burdens.\n","[VGS](https:\u002F\u002Fwww.verygoodsecurity.com\u002F) announces an expanded partnership with [Plaid](https:\u002F\u002Fplaid.com\u002F), a data network that powers the tools millions of people rely on to live healthier financial lives. VGS will be a preferred tokenization partner for Plaid customers.\n\nTokenization can help protect personally identifiable information (PII) and sensitive data from being exposed and used for nefarious purposes. VGS will provide tokenization of PII and financial data vaulting services for Plaid customers. This will help ensure end-to-end data security for Plaid customers by seamlessly integrating VGS services alongside Plaid APIs. The VGS Vault Platform provides tokenization of sensitive data reducing liability and eliminating attack surface. VGS also expedites certifications against PCI DSS and GDPR requirements, and reduces the total cost of compliance by up to 70 percent.\n\nVGS Tokenization and Vault Platform allows companies to extract value from sensitive data with format preservation and full portability, allowing customers to avoid vendor lock-in and take back significant, valuable time spent on data security hygiene and compliance maintenance. VGS separates the value extraction from the actual custodianship of that sensitive data, allowing customers to securely operate, innovate, and monetize in different ways without any of the security and compliance liabilities that come with holding sensitive data. Companies are able to achieve business outcomes significantly faster by lifting and shifting the data off of their servers and client-side applications, while unlocking the latent value and operating on fingerprinted aliases.\n\n“Building and operating financial apps involves interacting with PII and sensitive account data. Technology companies building these apps get more value from data when tokenization is employed, which creates protection for the end-user and efficient, secure operations for the company,” said Hoang Leung, Head of Payments Products & Solutions at VGS. “This partnership empowers Plaid customers to easily employ proven data security solutions with no disruption to their ecosystem, leading to greater value from their secured data.”\n\n“Good data stewardship is critical for Plaid and all companies in the digital finance ecosystem to ensure consumer information is protected at every step,” said Paul Williamson, Head of Revenue at Plaid. “Working with partners like VGS, we can help our customers raise the bar on data security, allowing them to focus on building great products with peace of mind knowing the data is highly secure.\"\n\nTo learn more about how VGS works with Plaid, please see [here](https:\u002F\u002Fwww.verygoodsecurity.com\u002Fintegrations\u002Fplaid). To learn how to take advantage of VGS as a Plaid Solution Partner Program Participant for Tokenization, please inquire [here](https:\u002F\u002Fwww.verygoodsecurity.com\u002Frequest-demo) or reach out to your Plaid representative.\n\n##### About VGS\n\nVGS is on a mission to secure the storage and exchange of the world’s payment-related data while maximizing its utility. Through a unique approach to data security, VGS empowers companies to turn the burden of sensitive data into an asset by creating opportunities for more revenue through data monetization, new business lines, increased product innovation, omnichannel insights, fraud reduction, and beyond. For more information about VGS, visit [vgs.io](https:\u002F\u002Fwww.vgs.io).",{"metadata":382,"sys":385,"fields":395},{"tags":383,"concepts":384},[],[],{"space":386,"id":388,"type":15,"createdAt":389,"updatedAt":390,"environment":391,"publishedVersion":90,"revision":113,"contentType":393,"locale":27},{"sys":387},{"type":11,"linkType":12,"id":13},"2MZdCXmfg9RcoXS1VkcdzO","2022-03-29T18:44:46.536Z","2022-03-29T18:49:02.762Z",{"sys":392},{"id":19,"type":11,"linkType":20},{"sys":394},{"type":11,"linkType":25,"id":26},{"title":396,"slug":397,"thumbnail":31,"featuredPressRelease":183,"publishDate":398,"description":399,"body":400},"Very Good Security (VGS) Extends VGS Payment Optimization with Network Tokens","very-good-security-vgs-extends-vgs-payment-optimization-with-network-tokens","2022-03-28T10:00-07:00","Network Tokens from VGS enhances payment security and works across all payment service providers","__SAN FRANCISCO, CA - March 28, 2022__ - [Very Good Security](https:\u002F\u002Fwww.verygoodsecurity.com\u002F) (VGS), the modern standard for secure storage, exchange, and optimization of the world’s payment data, today announced that the VGS Payment Optimization suite now offers Network Tokens, a new feature that enhances the security of payment transactions while minimizing fraud and improving approval rates.\n\nA network token is a unique randomly generated identifier issued and unlocked only by a card network such as Visa or MasterCard. This secure token can then be used in lieu of a primary account number (PAN), enabling the processing of payment transactions without exposing sensitive card account data. This security technology helps combat fraud for both card-not-present digital transactions and card present physical transactions. Merchants who have wanted the benefits of network tokens have found that gaining access to this security technology is a challenging process. For example, there is a significant overhead of getting a contract in place with the major card networks. Merchants cannot rely on payment solution providers who are token requestors because they end up with vendor lock-in. Merchants have been looking for a flexible and easy approach of using network tokens.\n\nVGS works directly with major card networks like Visa and Mastercard to replace 16-digit Primary Account Numbers (PAN) with unique 16-digit token identifiers, enabling merchants to process payments through VGS without exposing sensitive card information. Unlike tokens provisioned by other payment service providers that can only be processed by them, Network Tokens from VGS are interoperable between service providers and are recognized by card networks and card issuers.\n\nBuilt on top of the VGS Zero Data™ Vault, Network Tokens enable high fidelity and trust with card issuers by minimizing the exposure of sensitive card data to third parties throughout the payments ecosystem. In addition to providing security and cost reduction, VGS also updates Network Tokens in real-time whenever there is a change in the underlying card account, i.e., when a card has been replaced, suspended, or closed. Merchants can also see an increase in their card approval rates by as much as 3 percent.\n\n“There are several benefits associated with network tokenization, including decreased handling of sensitive payment data, greater accuracy of data (e.g., tokens mapped to expired cards and reissued cards are automatically updated) and enhanced security. These factors can all lead to enhanced approval rates.” Jordan McKee, Principal Analyst, Digital Payments at 451 Research, part of S&P Global Market Intelligence.(1)\n\nThe Network Tokens feature, which is available as part of the VGS Payment Optimization suite, furthers the VGS mission to optimize acceptance, costs, and approvals while empowering customers to accept more payment methods as their businesses grow horizontally, vertically, or globally. “Network Tokens is the next step in creating an all-encompassing payments optimization platform for any company that processes payments,” said Mahmoud Abdelkader, CEO & co-founder of VGS. “In today’s digital-first world, keeping sensitive payments data safe is table stakes. Beyond improved security, Network Tokens and the VGS Payment Optimization suite exponentially increase the value of the underlying data, leading to higher authorization rates and improved consumer experiences, and opening up opportunities for new business lines and revenue generation.” \n\nThe new Network Tokens feature will be available soon in private beta upon invitation. Apply for the beta program [here](https:\u002F\u002Finfo.verygoodsecurity.com\u002Fnetwork-tokens-beta-program). You can also get started with VGS Payments Optimization now by signing up [here](https:\u002F\u002Fwww.verygoodsecurity.com\u002Fpayment-optimization).\n\n__About Very Good Security__\nVery Good Security (VGS) is on a mission to secure the storage and exchange of the world’s payment data while maximizing its utility. Through a unique Zero Data™ approach to data security, VGS empowers companies to turn the burden of sensitive data into an asset by creating opportunities for more revenue through data monetization, new business lines, increased product innovation, omnichannel insights, fraud reduction, and beyond. For more information about VGS, visit [verygoodsecurity.com](https:\u002F\u002Fwww.verygoodsecurity.com\u002F).\n\n(1) Source: 451 Research, a part of S&P Global Market Intelligence, Financial organizations must prioritize CX and technology to drive loyalty in a digital-first landscape, October 18, 2021\n\n__MEDIA CONTACT:__\nJenna Valadez\nJust Drive Media\nvgs@justdrivemedia.com\n",{"metadata":402,"sys":405,"fields":416},{"tags":403,"concepts":404},[],[],{"space":406,"id":408,"type":15,"createdAt":409,"updatedAt":410,"environment":411,"publishedVersion":413,"revision":113,"contentType":414,"locale":27},{"sys":407},{"type":11,"linkType":12,"id":13},"SUffxsAUzcCzED35OBFWW","2021-10-25T14:07:11.196Z","2021-10-25T16:43:18.431Z",{"sys":412},{"id":19,"type":11,"linkType":20},25,{"sys":415},{"type":11,"linkType":25,"id":26},{"title":417,"slug":418,"thumbnail":31,"publishDate":419,"description":420,"body":421},"Very Good Security Launches Payment Optimization Suite","very-good-security-launches-payment-optimization-suite","2021-10-25T00:00-06:00","New offering offers merchants unmatched control of their payments to avoid payment service provider lock-in, improve payment transaction success rates, and lower transaction fees","__SAN FRANCISCO, CA - October 25, 2021__ - [Very Good Security](https:\u002F\u002Fverygoodsecurity.com) (VGS), the modern standard for digital data security, compliance, and custodianship, announced today the release of a suite of products to optimize payment acceptance, approvals, and costs in any payments ecosystem. Collectively known as VGS Payment Optimization, the suite allows businesses to customize their payments ecosystem across multiple gateways, payment service providers (PSPs), and 3rd party APIs from a single platform. With VGS Payment Optimization, businesses are now also able to expand globally by supporting local PSPs and payment methods.\n\nMerchants have traditionally been dependent on specific payment service providers to process their payments. However, PSP vendor lock-in meant merchants had very little control over authorization rates, processor or gateway outages, disruptions from platform migrations, and transaction fees. Today, merchants, payment facilitators, and SaaS companies can use VGS Payment Optimization to abstract and customize their payments ecosystem across multiple gateways, PSPs, and third party APIs from a single, low-code platform, and gain greater flexibility and control over their payment strategy to overcome the challenges created by PSP vendor lock-in.\n\n“Merchants' preference for utilizing a multi-provider approach to payment processing is increasing,” said Jordan McKee, analyst with 451 Research. “Utilizing multiple payment providers gives merchants more flexibility to craft a payments strategy that meets the specific needs and requirements of their business.”\n\nOffered as a convenient software-as-a-service, the VGS Payment Optimization suite is built on top of the secure VGS Vault and includes Payment Orchestration, Card Account Lifecycle Management (CALM), and Universal Checkout features. The suite allows customers to secure their payment data, customize logic to control when, where, and how payment transactions are routed with built-in failover, maintain updated card-on-file data, and maximize payment method acceptance. Universal across all PSPs, the suite enables customers to own and consolidate payments data across platforms and offer a tailored checkout in less than an hour — all while helping secure their data and meet compliance requirements.\n\n\"VGS Payment Optimization with Universal Checkout has given us extensive flexibility in who we process with. It provides a well-designed, best-in-class checkout experience while allowing us to process the transaction with any of the 120+ supported processors\" said Matt Doka, co-founder and CTO of Fivestars.\n\nWith VGS Payment Optimization, merchants are able to reduce customer attrition by up to 30% and deliver an improved customer experience by increasing card authorization rates by up to 3%. Merchants and payment facilitators are able to get a 360-degree view of their customers and deliver an omnichannel customer experience. Further, merchants can reduce redundant fees they may be paying across multiple PSPs, eliminate operational and development costs associated with PCI overhead and support their payments strategy, while being enabled to optimize their payments outcomes based on risk, approval rates, or costs.\n\n“Whether your business is growing vertically, horizontally, or globally, VGS Payment Optimization is a force multiplier regardless of whether you're working with a single PSP or multiple PSPs,” said VGS co-founder and CEO Mahmoud Abdelkader. “The Payment Optimization suite saves you time and developer resources, increasing your bottom line and freeing you up to focus on your core business.”\n\n__About Very Good Security__\nVery Good Security (VGS) is on a mission to secure the world’s information. Providing essential security and compliance infrastructure, VGS enables startups and enterprises to focus on their core business instead of compliance and regulatory overhead. VGS customers enjoy a Zero Data™ approach to information security, retaining the value of sensitive data without the cost and liability of securing it themselves. For more information, visit [verygoodsecurity.com](https:\u002F\u002Fwww.verygoodsecurity.com\u002F).\n",{"metadata":423,"sys":426,"fields":437},{"tags":424,"concepts":425},[],[],{"space":427,"id":429,"type":15,"createdAt":430,"updatedAt":431,"environment":432,"publishedVersion":434,"revision":222,"contentType":435,"locale":27},{"sys":428},{"type":11,"linkType":12,"id":13},"7Jc2Roy31LtLrlVDRza2Fm","2021-01-25T18:29:41.653Z","2023-10-04T21:51:59.340Z",{"sys":433},{"id":19,"type":11,"linkType":20},20,{"sys":436},{"type":11,"linkType":25,"id":26},{"title":438,"heroTitle":439,"slug":440,"thumbnail":441,"featuredThumbnail":462,"featuredPressRelease":183,"publishDate":482,"description":483,"body":484},"Very Good Security - Series C","Very Good Security (VGS) Raises $60 Million Series C Led By Vertex Ventures US","series-c-funding-announcement",{"metadata":442,"sys":445,"fields":452},{"tags":443,"concepts":444},[],[],{"space":446,"id":448,"type":39,"createdAt":449,"updatedAt":449,"environment":450,"publishedVersion":91,"revision":22,"locale":27},{"sys":447},{"type":11,"linkType":12,"id":13},"70p5fINtrK7Cphx4V9CCah","2020-12-18T16:59:09.879Z",{"sys":451},{"id":19,"type":11,"linkType":20},{"title":453,"file":454},"vgs-blog-seriesc-featured",{"url":455,"details":456,"fileName":461,"contentType":250},"\u002F\u002Fimages.ctfassets.net\u002Fe6d9jibdbc6c\u002F70p5fINtrK7Cphx4V9CCah\u002F36cd90426865062acf8278289896787b\u002Fvgs-blog-seriesc-featured.png",{"size":457,"image":458},156784,{"width":459,"height":460},1460,780,"vgs-blog-seriesc-featured.png",{"metadata":463,"sys":466,"fields":473},{"tags":464,"concepts":465},[],[],{"space":467,"id":469,"type":39,"createdAt":470,"updatedAt":470,"environment":471,"publishedVersion":43,"revision":22,"locale":27},{"sys":468},{"type":11,"linkType":12,"id":13},"3oBfNsXeFVuYqO8Ge3AaFW","2021-01-25T18:26:55.624Z",{"sys":472},{"id":19,"type":11,"linkType":20},{"title":474,"file":475},"press-feature-test",{"url":476,"details":477,"fileName":481,"contentType":250},"\u002F\u002Fimages.ctfassets.net\u002Fe6d9jibdbc6c\u002F3oBfNsXeFVuYqO8Ge3AaFW\u002F60674b98f459e3d77a8284c8f2a71803\u002Fpress-feature-test.png",{"size":478,"image":479},101037,{"width":480,"height":271},512,"press-feature-test.png","2020-12-18T00:00-08:00","Very Good Security (VGS), the modern standard for data security, compliance and custodianship, announced today that it has raised $60 million in Series C funding led by Vertex Ventures US with participation from existing investors, including Andreessen Horowitz (a16z) and Goldman Sachs Growth (GS Growth).","- Existing investors, including Andreessen Horowitz and Goldman Sachs Growth participate\n- Investment signals growing need for specialized infrastructure that enables secure, private and compliant data sharing — from mid-market companies to large enterprises\n- VGS has seen 2.5x customer growth and 10x increase in data secured in 2020\n\n__SAN FRANCISCO, CA -__ [18] December, 2020 - [Very Good Security](https:\u002F\u002Fverygoodsecurity.com\u002F) (VGS), the modern standard for data security, compliance and custodianship, announced today that it has raised $60 million in Series C funding led by Vertex Ventures US with participation from existing investors, including Andreessen Horowitz (a16z) and Goldman Sachs Growth (GS Growth).\n\nThis funding will be used to support VGS’ accelerating growth, as the company more than doubled its customer base in 2020. VGS now processes billions of records of sensitive data, and its data under management has grown more than 10x year-on-year. Companies ranging from the Fortune 100 to innovators like [Brex](https:\u002F\u002Fbrex.com\u002F), [Deserve](https:\u002F\u002Fdeserve.com\u002F), [DoNotPay](https:\u002F\u002Fdonotpay.com\u002F), [Fast](https:\u002F\u002Ffast.co\u002F), and [Mercury](https:\u002F\u002Fmercury.com\u002F) increasingly leverage VGS’ platform to build features instead of compliance overhead.\n\n“Working with sensitive data should not require a trade-off between security and flexibility. Our customers are realizing they can finally have both. VGS is doing for data what credit cards and digital payments did for money: we have de-risked the ability to exchange the value of data, without compromising either functionality or security,” said Mahmoud Abdelkader, CEO and co-founder of Very Good Security. “Our customers can do more with their data and consistently get to market faster than those who are forced to do the heavy lifting of building and maintaining compliant infrastructure themselves.”\n\nVGS has become a layer on top of cloud services to facilitate the secure exchange of sensitive data. For example, banking-as-a-service platform [Unit Finance](https:\u002F\u002Fwww.unit.co\u002F) uses VGS to expedite connectivity to payments networks while offloading PCI-DSS complexity. And [Fivestars](https:\u002F\u002Fwww.fivestars.com\u002F) has [leveraged VGS](https:\u002F\u002Fwww.verygoodsecurity.com\u002Fcase-study\u002Ffivestars) to build the largest commerce network for local businesses, delivering magical omni-channel loyalty and payments experiences.\n\nAs organizations of all sizes transition to the cloud and face growing compliance and privacy challenges, the need for tailored solutions and services has rapidly increased. VGS has built the only infrastructure platform that simplifies cloud transformation by enabling companies to transfer custodianship while retaining ownership and control over sensitive data. This Zero Data™ approach eliminates the need for companies to store sensitive data within their own systems, streamlining regulatory compliance and certifications including PCI-DSS, SOC 2, GDPR, HIPAA and more.\n\n\"VGS operates at the intersection of two multibillion-dollar markets experiencing high-growth tail winds: data security and compliance,\" said Jonathan Heiliger, General Partner, Vertex US. “We believe VGS is uniquely positioned with the only ‘Zero Data’ platform, making it possible for enterprises to transact with sensitive data without the liability of securing it. By encrypting and tokenizing sensitive data, VGS not only eliminates the risk associated with data, the service increases its utility by activating and presenting it on a network. Network participants, who are clients on the VGS platform, transact with each other using aliased or tokenized data. We’ve backed VGS from the beginning and are thrilled to continue partnering with the team.”\n\nFrom inception, VGS has been focused on enabling companies to achieve their business objectives by expediting connectivity and overcoming compliance obstacles. In addition to scaling its platform to support customer growth, VGS is developing several new capabilities to further automate compliance controls, delivering compounding efficiencies of scale to customers on its platform.\n\n__About Very Good Security__\nVery Good Security (VGS) is a leading data security company whose developer-friendly Zero Data™ platform helps businesses use sensitive data without the cost or liability of securing the data themselves. VGS provides specialized infrastructure to act as a custodian for sensitive data, improving security while also accelerating business growth. Founded in 2016, the company is headquartered in San Francisco, California.\nFor more information, visit [https:\u002F\u002Fwww.verygoodsecurity.com\u002F](https:\u002F\u002Fwww.verygoodsecurity.com\u002F)\n\n__About Vertex Ventures US__\nVertex US is an early-stage venture capital firm that backs companies transforming industries through software and data. With investments including LaunchDarkly, PerimeterX, and Desktop Metal, Vertex US brings pioneering experience to pioneering enterprises. In Sik Rhee and Jonathan Heiliger co-founded Vertex US in 2015. For more information, visit [vertexventures.com](https:\u002F\u002Fwww.vertexventures.com\u002F).\n",{"metadata":486,"sys":489,"fields":498},{"tags":487,"concepts":488},[],[],{"space":490,"id":492,"type":15,"createdAt":493,"updatedAt":493,"environment":494,"publishedVersion":112,"revision":22,"contentType":496,"locale":27},{"sys":491},{"type":11,"linkType":12,"id":13},"4D4zGuhjsTc3upBlwvc6FP","2021-03-01T19:49:33.825Z",{"sys":495},{"id":19,"type":11,"linkType":20},{"sys":497},{"type":11,"linkType":25,"id":26},{"title":499,"slug":500,"thumbnail":31,"featuredPressRelease":183,"publishDate":501,"description":502,"body":503},"Very Good Security Named Select Technology Partner in the Amazon Web Services Partner Network","very-good-security-named-select-technology-partner-in-the-amazon-web","2020-05-21T00:00-07:00","Working with AWS advances VGS’ Zero Data approach to security and compliance","SAN FRANCISCO--([BUSINESS WIRE](https:\u002F\u002Fwww.businesswire.com\u002F))--[Very Good Security (VGS)](https:\u002F\u002Fcts.businesswire.com\u002Fct\u002FCT?id=smartlink&url=https%3A%2F%2Fwww.verygoodsecurity.com%2F&esheet=52224096&newsitemid=20200521005161&lan=en-US&anchor=Very+Good+Security+%28VGS%29&index=1&md5=1e064be159b23ccde9a18ea9bcca196e), a leader in modern data security and custodianship, announced today it achieved Select Technology Partner status within the Amazon Web Services (AWS) Partner Network (APN). The APN is a global partner program for technology and consulting businesses that leverage AWS to build solutions and services for customers.\n\nVGS offers specialized infrastructure to companies for data security and compliance. VGS acts as a data custodian on behalf of its customers, securing all types of sensitive data – from payments to health records to personal information. By leveraging its relationship with AWS, VGS can broaden its security and compliance offerings to companies within the APN and around the world.\n\nVGS builds on AWS’s [shared responsibility model](https:\u002F\u002Fcts.businesswire.com\u002Fct\u002FCT?id=smartlink&url=https%3A%2F%2Faws.amazon.com%2Fcompliance%2Fshared-responsibility-model%2F&esheet=52224096&newsitemid=20200521005161&lan=en-US&anchor=shared+responsibility+model&index=2&md5=93a3ce2ffc5ae6d65fd8b919a8f0f294) for security and compliance. While AWS secures the physical infrastructure that runs its services in the cloud, VGS extends protections to safeguard customers’ data wherever and however they need to use and exchange it. With VGS, customers like Brex, DoNotPay, and LendUp automatically inherit a robust security posture and can rapidly achieve compliances like PCI-DSS, SOC 2, GDPR and more.\n\n“Data security and compliance are better left to the experts,” said Maurizio Caló Caligaris, the CTO and co-founder of Calii, a company automating the food supply chain in Latin America by connecting producers directly to households, restaurants and wholesalers. “Using VGS to handle our sensitive data has enabled us to focus our energy elsewhere and know that our customers’ data is fully protected. It’s given us peace of mind.”\n\n“Some of the world’s leading companies rely on AWS for secure, flexible, and reliable cloud infrastructure,” said Mahmoud Abdelkader, CEO and co-founder of VGS. “In the same way that AWS removes the need to spend time and resources building data centers in-house, VGS removes the security and compliance burden from our customers. Both are logical building blocks for modern infrastructure.”\n\nAchieving APN Select Technology Partner status underscores VGS’ continued commitment to AWS. Working with AWS extends VGS’ [Zero Data mission](https:\u002F\u002Fcts.businesswire.com\u002Fct\u002FCT?id=smartlink&url=https%3A%2F%2Fwww.verygoodsecurity.com%2Fblog%2Fposts%2Fannouncing-very-good-securitys-zero-data-mission&esheet=52224096&newsitemid=20200521005161&lan=en-US&anchor=Zero+Data+mission&index=3&md5=9c87c0bef3f2cbdbaecb94ed6c78a697) and allows companies to reduce their exposure to sensitive data without compromising security or functionality.\n\n__About VGS__\n\nVery Good Security (VGS) is a leading data security company providing a developer-friendly platform to help businesses use sensitive data without the cost or liability of securing the data themselves. VGS provides specialized infrastructure to act as a custodian for sensitive data, improving security while also accelerating business growth. Founded in 2016 by Mahmoud Abdelkader and Marshall Jones, the company is headquartered in San Francisco, California. For more information, visit [our website](https:\u002F\u002Fcts.businesswire.com\u002Fct\u002FCT?id=smartlink&url=https%3A%2F%2Fwww.verygoodsecurity.com%2F&esheet=52224096&newsitemid=20200521005161&lan=en-US&anchor=our+website&index=4&md5=f9ab98c7ef768b7b3aaec8666d5b6e47) or [@getVGS](https:\u002F\u002Fcts.businesswire.com\u002Fct\u002FCT?id=smartlink&url=https%3A%2F%2Ftwitter.com%2FgetVGS&esheet=52224096&newsitemid=20200521005161&lan=en-US&anchor=%40getVGS&index=5&md5=553cb1868e91fec4c25cb5704bed1171) on Twitter.",{"metadata":505,"sys":508,"fields":519},{"tags":506,"concepts":507},[],[],{"space":509,"id":511,"type":15,"createdAt":512,"updatedAt":513,"environment":514,"publishedVersion":516,"revision":91,"contentType":517,"locale":27},{"sys":510},{"type":11,"linkType":12,"id":13},"kDF1E44Y9nDA1dMYSqXC3","2021-03-01T20:40:34.316Z","2021-03-01T20:47:59.899Z",{"sys":515},{"id":19,"type":11,"linkType":20},30,{"sys":518},{"type":11,"linkType":25,"id":26},{"title":520,"heroTitle":521,"slug":522,"thumbnail":31,"featuredPressRelease":183,"publishDate":523,"description":524,"body":525},"Very Good Security Announces Strategic Investment From Visa","Visa Invests in VGS to Accelerate Fintech Innovation While Advancing Data Security.","very-good-security-announces-strategic-investment-from-visa","2020-01-15T00:00-07:00","Visa invests in VGS to accelerate fintech innovation while advancing data security.","SAN FRANCISCO--([BUSINESS WIRE](https:\u002F\u002Fwww.businesswire.com\u002F))--Very Good Security (VGS), a leader in modern data security and custodianship, announced today that it has received a strategic investment from Visa Inc. to expand access to VGS’ infrastructure-as-a-service for financial technology companies (fintechs) and large enterprises. Visa joins other notable investors, including Goldman Sachs, Andreessen Horowitz, Vertex Ventures US, and Max Levchin (co-founder of PayPal), in advancing VGS’ mission to provide a better approach to data security, privacy and compliance.\n\nEarlier this year, [Visa selected VGS](https:\u002F\u002Fcts.businesswire.com\u002Fct\u002FCT?id=smartlink&url=https%3A%2F%2Fblog.verygoodsecurity.com%2Fposts%2Fvery-good-security-selected-as-a-launch-partner-for-expansion-of-visas-fast%2F&esheet=52158940&newsitemid=20200115005251&lan=en-US&anchor=Visa+selected+VGS&index=1&md5=4ce096b3f739dcec725375c1efc532d3) as a launch partner for its [Fintech Fast Track program](https:\u002F\u002Fcts.businesswire.com\u002Fct\u002FCT?id=smartlink&url=https%3A%2F%2Fusa.visa.com%2Fpartner-with-us%2Finfo-for-partners%2Finfo-for-fintechs.html&esheet=52158940&newsitemid=20200115005251&lan=en-US&anchor=Fintech+Fast+Track+program&index=2&md5=c1040fac6ead215c1f366a8fa39f3452), which supports digital payment innovation by making it simple to collaborate with Visa and launch new fintech products. VGS safely stores sensitive data, such as account numbers and personal information, on behalf of companies to enhance security and reduce their compliance requirements.\n\nThis strategic investment extends the relationship and underscores the importance of a robust, yet nimble data security posture for businesses, especially those operating in regulated environments like payments and fintech.\n\n“As a global leader in payments, we continue to invest in and partner with companies that provide valuable capabilities for our clients and for the network,” said Kevin Jacques, Vice President, Visa Ventures. “VGS’ ‘Zero Data’ platform is an example of this. Companies can reduce the scope of their data security and compliance requirements by eliminating the sensitive data in their systems, enabling them to develop innovative ways to pay without compromising security or functionality.”\n\nUntil now, data security and compliance have been impediments to business agility. VGS’ specialized infrastructure gives companies a competitive advantage, expediting product development, partnerships and vendor diligence by adopting a best-in-class security posture and fast-tracking compliance certifications like PCI, SOC2, CCPA, GDPR and more.\n\nVGS customers can issue credit cards without ever seeing a card number; run background checks without needing to hold Social Security Numbers; and optimize their payments infrastructure to ensure coverage and redundancy. VGS gives companies all the benefits of interacting with sensitive and regulated data without the liability or cost of securing it.\n\nCard issuers like Petal and Mission Lane can operate more smoothly by never having to see personally identifiable information (PII) or payment card numbers, allowing them to focus on providing a seamless and secure experience for customers.\n\n“This investment from Visa further signals a shift around how companies think about protecting sensitive data,” said Mahmoud Abdelkader, CEO and co-founder of VGS. “We’re excited to continue de-scoping customers’ applications from ever having to handle sensitive data, enabling them to go to market faster and making it easier to partner with large financial institutions.”\n\n__About Very Good Security__\n\nVery Good Security (VGS) is a leading data security company providing a developer-friendly platform to help businesses use sensitive data without the cost or liability of securing the data themselves. VGS provides specialized infrastructure to act as a custodian for sensitive data, improving security while also accelerating business growth. Founded in 2016 by Mahmoud Abdelkader and Marshall Jones, the company is headquartered in San Francisco, California. For more information, visit [https:\u002F\u002Fwww.verygoodsecurity.com\u002F](https:\u002F\u002Fcts.businesswire.com\u002Fct\u002FCT?id=smartlink&url=https%3A%2F%2Fwww.verygoodsecurity.com%2F&esheet=52158940&newsitemid=20200115005251&lan=en-US&anchor=https%3A%2F%2Fwww.verygoodsecurity.com%2F&index=5&md5=4ab65cd7214a9094143c09090fc00ba4) or [@getVGS](https:\u002F\u002Fcts.businesswire.com\u002Fct\u002FCT?id=smartlink&url=https%3A%2F%2Ftwitter.com%2FgetVGS&esheet=52158940&newsitemid=20200115005251&lan=en-US&anchor=%40getVGS&index=6&md5=2bf15f480e1d2f92bf6898e886c15062)",{"metadata":527,"sys":530,"fields":540},{"tags":528,"concepts":529},[],[],{"space":531,"id":533,"type":15,"createdAt":534,"updatedAt":534,"environment":535,"publishedVersion":537,"revision":22,"contentType":538,"locale":27},{"sys":532},{"type":11,"linkType":12,"id":13},"4rhe2H95m7U39JzJBUwBkV","2021-03-01T20:54:09.112Z",{"sys":536},{"id":19,"type":11,"linkType":20},21,{"sys":539},{"type":11,"linkType":25,"id":26},{"title":541,"heroTitle":541,"slug":542,"thumbnail":31,"featuredPressRelease":183,"publishDate":543,"description":544,"body":545},"Very Good Security (VGS) Announces $35 Million Series B","very-good-security-vgs-announces-usd35-million-series-b","2019-10-24T00:00-07:00","VGS accelerates its mission to build the future of data privacy and security, adds Goldman Sachs as investor","SAN FRANCISCO--([BUSINESS WIRE](https:\u002F\u002Fwww.businesswire.com\u002F))--Very Good Security (VGS) announced today that it has raised $35 million in Series B funding led by Goldman Sachs’ Merchant Banking Division with participation from existing investors, including Andreessen Horowitz and Vertex Ventures US.\n\nThe funding will support VGS’ rapid growth as the number of companies entrusting sensitive data to VGS increases, including customers like Brex, Travel Bank, Deserve, Fivestars, and LendUp.\n\nVGS is building modern SaaS infrastructure for data security, compliance, and privacy. VGS acts as a custodian for any type of sensitive data (payments, PII, access credentials, health records, etc.), providing customers synthetic, aliased data that they can use in place of the original values.\n\nAs a result, companies can adopt a “Zero Data” approach, eliminating the need to store sensitive data within their own systems. VGS facilitates the secure exchange of data with any approved endpoint, so clients retain full use and control of their data, without the liability, breach risk or compliance burden of having to maintain a secure data environment themselves.\n\n“For most companies, data is simply an input to achieve a business outcome such as getting paid, underwriting a loan or running a background check,” says Mahmoud Abdelkader, CEO and co-founder of Very Good Security. “VGS provides specialized SaaS infrastructure to make it easy for developers and businesses to achieve their objectives while offloading the risk that comes with data custodianship.”\n\n“Data compromise is one of the largest cyber-security and reputation risks businesses face today,” said David Campbell, a managing director in Goldman Sachs’ Merchant Banking Division. “Securing data is traditionally complex and expensive. VGS’ unique solution redefines the challenge by removing the sensitive data from systems making them easier to build, secure and manage, reducing both time and cost of securing data.”\n\nCorporate data governance is under increasing scrutiny from regulators and consumers alike as expectations of how data is secured and shared evolve. Goldman Sachs’ investment in VGS recognizes the unique value proposition that VGS offers, helping companies to ensure user privacy and data security without compromising functionality or business outcomes.\n\n“Consumers’ desire for privacy does not have to be at odds with businesses’ ability to achieve their objectives,” said Alex Rampell, a partner at Andreessen Horowitz. “VGS is unique in that it lets companies use sensitive data without needing to see it or store it themselves. It is a win for both sides.”\n\n__About Very Good Security__\n\nVery Good Security (VGS) is a leading data security company providing a developer-friendly platform to help businesses use sensitive data without the cost or liability of securing the data themselves. VGS provides specialized infrastructure to act as a custodian for sensitive data, improving security while also accelerating business growth. Founded in 2016 by Mahmoud Abdelkader and Marshall Jones, the company is headquartered in San Francisco, California. For more information, visit [https:\u002F\u002Fwww.verygoodsecurity.com\u002F](https:\u002F\u002Fcts.businesswire.com\u002Fct\u002FCT?id=smartlink&url=https%3A%2F%2Fwww.verygoodsecurity.com%2F&esheet=52116960&newsitemid=20191024005518&lan=en-US&anchor=https%3A%2F%2Fwww.verygoodsecurity.com%2F&index=1&md5=1c0317b3dd153a4f2182964f796b6f06)\n\n__About Goldman Sachs__\n\nFounded in 1869, The Goldman Sachs Group, Inc. is a leading global investment banking, securities and investment management firm. Goldman Sachs Merchant Banking Division (MBD) is the primary center for the firm’s long-term principal investing activity. MBD is one of the leading private capital investors in the world with investments across private equity, infrastructure, private debt, growth equity and real estate.",{"metadata":547,"sys":550,"fields":560},{"tags":548,"concepts":549},[],[],{"space":551,"id":553,"type":15,"createdAt":554,"updatedAt":554,"environment":555,"publishedVersion":557,"revision":22,"contentType":558,"locale":27},{"sys":552},{"type":11,"linkType":12,"id":13},"2Yg4Tx3SejvEfFRAbCJkRO","2021-03-01T21:00:50.144Z",{"sys":556},{"id":19,"type":11,"linkType":20},18,{"sys":559},{"type":11,"linkType":25,"id":26},{"title":561,"heroTitle":561,"slug":562,"thumbnail":31,"publishDate":563,"description":564,"body":565},"Andreessen Horowitz Leads $8.5 Million Investment in Very Good Security","andreessen-horowitz-leads-usd8-5-million-investment-in-very-good-security","2018-08-28T00:00-07:00","VGS is a modern approach to data security enabling companies to build secure products without compromising safety or compliance","SAN FRANCISCO--([BUSINESS WIRE](https:\u002F\u002Fwww.businesswire.com\u002F))--San Francisco-based data security firm Very Good Security (VGS) announced today that it has raised $8.5 million via a Series A funding round led by Andreessen Horowitz. The funding will allow VGS to further scale its core security product, which lets companies collect, secure and exchange sensitive data without the risk or liability associated with storing it on their own systems. By reducing or eliminating data security scope, VGS’ customers can rapidly achieve compliance certifications (e.g. PCI, SOC2, EI3PA, HIPAA) and accelerate their time to market. NYCA, Vertex Ventures, Slow Ventures and Max Levchin also participated in the round.\n\n“Data security and compliance shouldn't hold companies back from getting to market safely and quickly,” Mahmoud Abdelkader, CEO and co-founder of VGS, said. “This investment fuels our mission to securely power the world’s sensitive data and transform data security from a business obstacle into a competitive advantage.”\n\nVGS is built on the premise that you can’t hack what isn’t there, allowing companies to preserve the functionality of their sensitive data without having to store that data on their own systems. VGS instead collects and stores the sensitive data in its own highly secure vaults, freeing customers from the costs and liability of building and maintaining their own compliant security systems. When customer applications require sensitive data, VGS identifies that data in transit and swaps it—in real time—for surrogate values that retain the same functionality of the original data.\n\nIntegrating VGS requires no changes to existing products or legacy architecture, and the service starts working instantly. Because VGS maintains multiple compliances and isolates customers from sensitive data, it enables businesses to quickly achieve regulatory compliance. Customers include Flutterwave, a payment technology provider for pan-African commerce; Shift Payments, a card issuer that allows users to spend both fiat and digital\u002Fcryptocurrencies anywhere major credit cards are accepted; Deserve, an analytics-based financial technology company that connects customers to fair credit products; and LendUp, a fintech company providing loans and credit products as well as financial education in pursuit of better financial health and empowerment for its customers.\n\n“We appreciate VGS’ approach to compliance and security, as it aligns well with our philosophy of protecting cardholder data,” Venkat Udayasankar, architect for LendUp Card Services, said. “Together, we’ve been able to quickly craft a PCI Level 1 solution that fits our business needs. VGS integrations were seamless, fast and easy, allowing us to focus on LendUp's core business.”\n\nBy removing the complex constraints posed by digital security and compliance, VGS allows customers to scale rapidly without having to worry about data breaches, regulatory issues, or service provider security requirements that could significantly slow a company’s growth. This latest round of funding will allow VGS to scale its own operations as it works to vastly simplify data security for a growing number of companies.\n\n“VGS ensures that businesses and services requiring identification 'keys'—e.g. credit card or Social Security numbers—for their customers will not have to worry about compliance around the storing of confidential or private data, and frees them from vendor lock-in,” said Alex Rampell, general partner at Andreessen Horowitz. “We are incredibly excited to partner with Mahmoud and team to build a category-defining enterprise platform.”\n\n__About Very Good Security__\n\nVery Good Security (VGS) is a data security company providing a fast and simple end-to-end security solution to companies that need to collect and access sensitive data. By securing data collection, processing, and storage as well as enabling rapid achievement of security compliance for its customers, VGS helps companies grow quickly without being constrained by digital security or compliance issues. Founded in 2016 by Mahmoud Abdelkader and Marshall Jones, the company is headquartered in San Francisco, Calif. and has raised $9.9 million in total funding to date. For more information, visit [www.verygoodsecurity.com\u002F](http:\u002F\u002Fcts.businesswire.com\u002Fct\u002FCT?id=smartlink&url=http%3A%2F%2Fwww.verygoodsecurity.com%2F&esheet=51858367&newsitemid=20180828005257&lan=en-US&anchor=www.verygoodsecurity.com%2F&index=1&md5=389dfa5b6f91e781821e5c4edeb9a9cc)",1790890707060]