Visa is a global payments technology company that connects consumers, businesses, banks and governments in more than 200 countries and territories, enabling them to use electronic payments instead of cash and checks.
Visa does not issue cards, extend credit or set rates and fees for consumers. Cardholder relationships belong to our network of financial institution clients and are managed by them. Visa’s innovations, however, enable its bank customers to offer consumers more choices: Pay now with debit, ahead of time with prepaid or later with credit products.
Our business primarily consists of the following:
- We provide transaction-based services to our financial institution and merchant customers through VisaNet, our secure, centralized and global processing platform. In addition, we provide value-added services including risk management, fraud protection, loyalty, dispute management and debit issuer processing.
- We offer a diverse range of branded payment products, which our financial institution clients use to offer credit, debit, prepaid and cash-access programs to their customers (individuals, businesses and government entities).
- We own and manage the Visa brand, which provides the assurance of acceptance at millions of merchant outlets and 1.9 million ATMs in more than 200 countries and territories worldwide.
Visa’s history spans more than 50 years. In 2008, we completed our initial public offering and began trading on the New York Stock Exchange under the ticker symbol “V.” The Visa IPO was the largest in U.S. history and the second largest IPO in world history.
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