May 30, 2017 12:47 AM ET

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Company Overview of Visa U.S.A. Inc.

Company Overview

Visa U.S.A. Inc., a payments technology company, operates retail electronic payments network in the United States. It also administers Visa payment programs. The company product platform includes consumer credit, consumer debit and cash access, and prepaid and commercial programs. It offers products and services over a secure payments network to support payment programs offered by its member financial institutions to their consumer, commercial, and merchant customers. Visa U.S.A. Inc. was formerly known as National BankAmericard, Inc. and changed its name to Visa U.S.A. Inc. in January, 1977. The company was founded in 1970 and is headquartered in Foster City, California with an additional o...

900 Metro Center Bouleverd

Foster City, CA 94404

United States

Founded in 1970

Phone:

650-432-3200

Fax:

650-432-3425

Key Executives for Visa U.S.A. Inc.

President of Visa Canada
Executive Vice President of Client Services
Chief Enterprise Risk Officer
Age: 67
Country Manager of Hong Kong and Macau
Compensation as of Fiscal Year 2016.

Visa U.S.A. Inc. Key Developments

Universal Secure Registry, LLC Files Complaint against Apple Inc., Visa Inc. and Visa U.S.A. Inc. for Patent Infringement

Universal Secure Registry, LLC (USR) filed a complaint in United States District Court for the District of Delaware challenging Apple Inc., and Visa Inc., as well as Visa Inc.'s subsidiary Visa U.S.A. Inc., in a lawsuit alleging they infringed seminal patents for electronic payments and identity authentication that paved the way for their mobile payment platforms. USR is represented by Quinn Emanuel, which has extensive experience with and has prevailed in patent cases against Apple. With about 800 attorneys on staff, Quinn Emmanuel is one of the world's most prominent law firms devoted to business litigation and patent infringement. This suit seeks unspecified damages, but details the scope of the infringement, claiming, "since 2014 Apple's backend servers and Visa's payment processing network VisaNet, including Visa Token Service, have supported and processed transactions made using Apple Pay, including billions of Apple Pay transactions made in the United States.

Visa Appoints Stacey Madge as President of Visa Canada, effective April 28, 2017

Visa announced the appointment of Stacey Madge as President of Visa Canada, based in Toronto, effective April 28. Ms. Madge's extensive experience in financial services and strong leadership traits uniquely position her to lead the critical Canadian market for Visa. Ms. Madge joins Visa from Scotiabank, where she most recently was a Senior Vice President in the International Banking Group, responsible for retail and small business across 30 Latin American and Caribbean markets. Previously, Ms. Madge was a Partner at McKinsey & Company, where she was a leader in the areas of retail banking, mergers and acquisitions, and sales force effectiveness.

Visa Opens New Office in Palo Alto, California

Visa has opened a new office in Palo Alto, California to house its data, research, network processing and loyalty and offers teams. Visa has opened a new office in Palo Alto, California to house its data, research, network processing and loyalty and offers teams. Spreadover an area of 62,000 sqft, the new Silicon Valley office will enable the company to draw from the diversity of the Bay Area's talent pool, build stronger connections with the data scientists, engineers and entrepreneurs of future. Visa believes that the new office will act as an epicenter for technologists, academics and global thinkers to come together in one space. The new site will also be home to Visa Research, a new organization within Visa that concentrates on the scientific foundations of technologies such as block chain, cryptography, artificial intelligence and deep machine learning.

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