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Visa Inc. (NYSE: V), commonly referred to as VISA (Visa International Service Association), is a multinational corporation based in San Francisco, California, USA. The company operates the world's largest retail electronic payment network, managing payments among financial institutions, merchants, consumers, businesses and government entities. Before Visa Inc's IPO in early 2008, it was operated as a cooperative of some 21,000 financial institutions that issued and marketed Visa products including credit and debit cards. In 2006, according to The Nilson Report, Visa held 44% of the credit card market share and 48% of the debit card market share in the United States. In mid-September 1958, Bank of America launched its pioneering BankAmericard credit card program in Fresno, California with an initial mailing of 60,000 unsolicited credit cards. The original idea was the brainchild of BofA's in-house product development think tank, the Customer Services Research Group, and its leader, Joseph Williams, who convinced senior BofA executives in 1956 to let him pursue what became the world's first successful credit card "drop," or mass mailing of unsolicited credit cards (that is, actual working cards, not mere applications) to a large population.
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News
- Visa Outperforms, Sanctions Buyback
Visa Inc.'s fiscal first quarter 2012 earnings exceeded both the Zacks Consensus Estimate and year-ago results on higher top line. - Ahead of the Bell: Visa rises on strong 1Q results
Shares of Visa appeared to be headed for an all-time high Thursday after a strong first quarter and emerging evidence that new rules governing debit cards have not had as big of an impact as was feared. - Visa 1Q profit rises 16 percent as card use rises
Visa Inc. said Wednesday that its fiscal first-quarter profit rose 16 percent, as card use rose both in the U.S. and overseas. - Visa profit up 16% as use of cards increases
Visa, the world's biggest payments network, said fiscal first-quarter profit climbed 16 percent as consumers increased use of credit and debit cards. Net income for the three months ended Dec. 31 rose to $1.03 billion ($... - Visa Tops One Million Chip Cards in the U.S.
SAN FRANCISCO, Feb. 6, 2012 /PRNewswire/ -- Visa Inc. (NYSE:V - News) today announced that U.S. financial institutions have reported issuing an estimated one million Visa-branded, EMV chip-enabled cards as of ... - On the Call: Visa CEO Joseph Saunders
Visa Inc. on Wednesday said it launched mobile services that will allow banks that issue cards bearing its name to offer their customers the ability to monitor their accounts on mobile devices. The services will also enable fund transfers between accounts and transaction alerts. - Visa Introduces Suite of Mobile Services for U.S. Financial Institutions
Visa Inc. today announced the launch of mobile services that allow financial institutions to offer their account holders the ability to monitor account history and balanc - Visa Beats Estimates as Spending Increases
Visa Inc. (V) , the world’s biggest payments network, said fiscal first-quarter profit climbed 16 percent as consumers increased use of credit and debit cards. - Visa EPS Rises 21% On Credit Card Use
Full content sent to and hosted by Yahoo!General NewsHealth & MedicineIndustry SnapshotNew Issue AmericaReal EstateTop 10Feature StoryInvestor's Corner - Visa Profit Beats Estimates as Credit-Card Spending Increases
Visa Inc., the world’s biggest payments network, said fiscal first-quarter profit climbed 16 percent as consumers increased use of credit and debit cards.
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