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. 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, eCommerc, person-to-person payments and mobile products and services. These services facilitate transactions on the company’s network among account holders, merchants, financial institutions and governments in mature and emerging markets globally. 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 continue to expand to address the needs of participants in the evolving payments ecosystem, through such offerings as its merchant gateway and Visa Debit Processing Services (DPS). Merchant gateway services provided through the company’s CyberSource subsidiaries enable gateway routing and other services that enable 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. These and other services support its issuers and acquirers and their use of the company’s products, and promote the growth and security of its payments network. Bangalore Technology Center: The company is investing in internal technology resources and has opened a new technology development center in Bangalore, India that would play a central role in itsefforts to accelerate digital commerce globally. Visa Checkout: Visa Checkout is a payment experience that allows consumers to pay for goods online on a smartphone, tablet, laptop or desktop, in few clicks. This service is available for eCommerce merchants and financial institutions in 16 countries around the world, including Australia, Argentina, Brazil, Canada, Chile, China, Colombia, Hong Kong, Malaysia, Mexico, New Zealand, Peru, Singapore, South Africa, the United Arab Emirates, and the U.S. Visa payWave: With Visa payWave technology, consumers are able to pay for products and services via smart phone or other devices, and by using their contactless cards at physical retailers. Visa Direct: Visa Direct provides a solution for Visa’s ecosystem of clients and partners. It enables customers to send and receive person-to-person payments and funds disbursements, and facilitates business to business settlements directly to eligible Visa account holders. mVisa: In August 2015, Visa and various banks in India launched a pilot program testing mVisa, a mobile application, in India. The service extends the utility of existing Visa accounts by linking a consumer’s Visa debit, credit or prepaid accounts to the mVisa mobile application that enables purchases in store, online and person-to-person through mobile device. 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 Visa Inc.; MasterCard; American Express; JCB; and Discover/Diners Club. Regulations The company is subject to anti-money laundering laws and regulations, including the U.S. Bank Secrecy Act and the PATRIOT Act. In addition, the company subjects to the economic and trade sanctions programs administered by the U.S. Department of the Treasury, Office of Foreign Assets Controls 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. The company is subject to the reporting requirements of the Securities Exchange Act of 1934, as amended and its rules and regulations. History Visa Inc. was incorporated in the state of Delaware in 2007.
visa inc-class a shares (V:New York)
PO Box 8999
San Francisco, CA 94128-8999
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