Alternative modes of payment are the current preferred media of exchange in several transactions throughout the world. There are checks, credit cards, accounts, and more.
Being able to pay a certain amount of money without even being able to hand on actual tangible money is a nice approach to the fast growing local and international markets.
A good example of this is a credit card and no other company facilitates credit cards more than the Visa Inc.
Visa Inc. is a US-based financial service international company, most commonly through Visa-branded credit cards and debit cards, considered to bear brand standard. Presently, there are Visa HQs in Canada other than in US. US based Visa headquarters throughout its history are in San Francisco, Miami, Austin Texas, NYC, Washington DC and other HQ Visa has to showcase. Rates are little to non-existent since their service relies upon customer-related transactions with stipulated product and service rules and helplines.
As of October 1, 2012, Visa’s headquarters are located in Foster City, California. Visa had been headquartered in San Francisco until 1985, when it moved to San Mateo. Around 1993, Visa began consolidating various scattered offices in San Mateo to a location in Foster City. Visa became Foster City’s largest employer.
|HQ:||900 Metro Center Blvd, Foster City, CA 94404, United States|
|Traded as||NYSE: V|
|Industry focused||Financial Services|
|Founded||1958; (as BankAmericard) Fresno, California, United States|
|Products||Credit cards and payment systems|
All Visa Locations
Key People/Executives for Visa Inc.
|Mr. Alfred F. Kelly Jr.||Chief Executive Officer and Director|
|Mr. Ryan M. McInerney||President of Visa Inc.|
|Mr. Vasant M. Prabhu||Chief Financial Officer and Executive VP|
|Mr. Rajat Taneja||Executive VP of Technology|
|Ms. Ellen Richey||Vice Chairman and Chief Risk Officer|
Visa Inc. Profile/Overview
Joseph Williams started its roots in the way of almost 60 thousand unsolicited credit cards and convinced senior BofA executives in 1956. This let him pursue what became the world’s first successful mass mailing of unsolicited credit cards which included actual working cards to a massive group of people.
This test in 1958 attracted competitors. By March of 1959, there is a significant decrement of cards in the cities; by June, BofA was dropping cards in the city of LA; by October, nearly 2 million cards were saturated, and BankAmericard was being transacted to and by 20,000 merchants
In 1968, a one of the NBC’s managers decided to make a license of BankAmericard in the Pacific Northwest market while in the year of 1968, a manager at the National Bank of Commerce (later Rainier Bancorp), Dee Hock took in charge of the same concept in the Pacific Northwest market.
Going into October 2007, Bank of America announced it was reinvigorating the BankAmericard brand name to “BankAmericard Rewards Visa”. Companies merged in October 11 that employed 6,000 people worldwide: Visa International Service Association (Visa) – the worldwide parent entity, Visa U.S.A. Inc., Visa Canada Association, and Visa Europe Ltd.
Merging began on October of 2006 (for the public regard V stock). On October 3, 2007, Visa completed its corporate restructuring with the formation of Visa Inc. open to all Visa central applications. Visa Europe Ltd. was a membership association and cooperative of over 3,700 European banks and other payment service providers that operated Visa branded products and services within Europe. Visa Inc. announced the plan to acquire Visa Europe on November 5, 2015, creating a single global company. On April 21, 2016 the agreement was amended in response to the feedback of European Commission. The acquisition of Visa Europe was successfully completed on June 21, 2016.
Visa Inc. Products/Capabilities
Visa Inc. is dedicated to international payments systems all over the globe. The company renders payment systems among the following entities:
|a. Consumers||d. Businesses|
|b. Merchant||e. Strategic parnets|
|c. Financial institurion||f. Government entities|
The VisaNet is a processing network that enables the following functionalities:
- Clearing, authorisation and settlement of payment transactions
- Offers fraud protection for account holders and assured payment for merchants.
The company also offers Visa corporate services and products to the general public such as:
- Gateway services for merchants to accept, process, and reconcile payments
- Manage fraud conditions
- Real time security, as well as processing services for participating issuers of visa debit, prepaid, and ATM payment products.
- Digital products, including Visa Checkout that offers consumers an expedited and secure payment experience for online transactions
- Visa Direct which is one of Visa’s unique services that acts as a product platform, which utilises transactions that are sent directly to the Visa account of the recipient, as well as Visa token service that replaces the card account numbers from the transaction with a token.
- Corporate (travel) and purchasing card tangibles, as well as V-A services.
Platforms of the Visa Inc. are under these divisions:
|1. Visa, Visa Electron||3. V Pay|
|2. Interlink||4. Plus brands|
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