Visa has announced it has made an investment in DocuSign and that both companies will work together “to seek ways to enable customers to prepare, execute and manage digital transactions and integrated payments safely and securely.

The amount of the investment was not disclosed.

“Both Visa and DocuSign have a common vision to help consumers and organizations transact business in confidence,” said Ryan McInerney, president, Visa Inc. 

“Our mutual objective is to eliminate paper-based transactions. For Visa, the competition is cash, for DocuSign it is paper. Visa is proud to invest and support DocuSign as it creates a digital standard that will help everyone transact business more conveniently, quickly and securely around the world.”

DocuSign offers solutions for identity management, authentication, eSignature, forms/data collection, collaboration, workflow automation, payment collection, and document retention.