The little-known designer Norisol Ferrari worked with Trump because she does not believe in discrimination in any form.
Market sources say Versace is working on an expansion plan ahead of the listing and that its has recently held discussions with Tisci.
The designer is to show his debut collection for the French house in Paris.
It will result in 2,000 job eliminations and an annual savings of about $65 million.
As chief executive officer of the forward-leaning payment firm, his goal, while still in the future, is to make the technology invisible.