Visa Inc. operates as a payments technology company that connects consumers, businesses, financial institutions and governments. The company operates a processing network, VisaNet, which facilitates authorization, clearing and settlement of payment transactions worldwide. It also offers fraud protection for account holders and rapid payment for merchants. Products and Services The company provides payment solutions that support payment products that issuers can offer to their account holders: pay now with debit; pay ahead with prepaid; or pay later with credit products. It also offers a suite of digital, eCommerce and mobile products and services. These services facilitate transactions on its network among account holders, merchants, financial institutions, and governments. Debit: The company’s debit payment solutions support issuers' payment products that draw on demand deposit accounts, such as checking accounts. Prepaid: The company’s prepaid payment solutions support issuers' payment products that access a pre-funded amount, allowing account holders to enjoy the convenience and security of a payment card in lieu of cash or checks. Credit: The company’s credit payment solutions support issuers' deferred payment and customized financing products. The company’s core processing services involve the routing of payment information and related data to facilitate the authorization, clearing and settlement of transactions between its issuers and acquirers. VisaNet is built on a centralized architecture, enabling the company to view and analyze each authorization transaction that it process in real time and to provide value-added services, including information products, such as risk scoring and loyalty applications, while the transaction data is being routed through its network. The company’s processing services addresses the needs of all participants in the payments ecosystem, through such offerings as its merchant gateway and Visa Debit Processing Services (DPS). Merchant gateway services provided through its CyberSource Corporation (CyberSource) subsidiaries enable gateway routing and other services that make it easier for eCommerce merchants to accept, process and reconcile payments, manage fraud and safeguard payment security online. DPS provides issuer processing services for participating issuers of Visa debit, prepaid and ATM payment products. New platforms, products and services The company develops new platforms, products and services for financial institution clients, merchants and consumers. Visa Checkout: Visa Checkout is a fast and intuitive payment experience that allows consumers to pay for goods online, on any device, in just a few clicks. This service is available to eCommerce merchants and financial institutions in the United States, Canada and Australia. Visa payWave: With Visa payWave technology, consumers are able to pay for products and services via smart phone and by using their contactless cards at physical retailers. Visa Direct: Visa Direct simplifies the way people send and receive money both domestically and across borders. Visa Direct is offered through financial institutions, and takes use of the company’s network of 14,000 financial institutions and 2.2 billion accounts to facilitate fast and secure money transfers. Regulations Data protection and information security: In accordance with governing law, the company devotes substantial resources to maintain and continually refine its information security program in order to safeguard account holder information and under certain circumstances, to provide account holder notification in the event of a security breach. In addition, the U.S. Federal Financial Institutions Examination Council periodically reviews aspects of the company’s operations in the United States to examine compliance with data integrity, security and operational requirements and standards, as well as other requirements applicable to the company because of its role as a service provider to financial institutions. Anti-money laundering, anti-terrorism and sanctioned countries: The company is subject to anti-money laundering laws and regulations, including the U.S. Bank Secrecy Act, as amended, including the USA PATRIOT Act of 2001. In addition, the company is also subject to the economic and trade sanctions programs administered by the U.S. Department of the Treasury, Office of Foreign Assets Controls (OFAC) that prohibit or restrict dealings with certain countries, their governments and, in certain circumstances, their nationals, as well as with specifically-designated individuals and entities, such as narcotics traffickers, terrorists and terrorist organizations. Intellectual Property The company’s portfolio of trademarks includes its family of Visa marks, its Plus mark and its Dove design mark. Competition The company’s competitors include MasterCard, American Express, Discover, JCB, and Diners Club. In the global debit network market segment, the company’s Interlink and Visa Electron brands compete with Maestro, owned by MasterCard, and various regional and country-specific debit network brands, including STAR, NYCE and PULSE in the United States, EFTPOS in Australia, NETS in Singapore and Interac in Canada.
visa inc-class a shares (V:New York)
PO Box 8999
San Francisco, CA 94128-8999
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