Press Releases
Visa Featured on Sun Microsystems Podcast on Financial Payments Innovation
This week's Payments Podcast discusses evolution of payment companies beyond traditional services via robust global infrastructureSAN FRANCISCO/SANTA CLARA, Calif., 25 June 2007
Visa International was featured on The Payments Podcast, paymentspodcast.com, sponsored by Sun Microsystems. This episode's podcast discussion focused on how the payments market is evolving and the ways in which payment companies are driving innovation worldwide through their enhanced data, and more efficient and secure infrastructure.
"I was delighted when Visa accepted my invitation to speak about innovation in card companies," said Peter Scott, director global banking sector, Sun Microsystems. "Visa's focus on the financial supply chain and cash flow forecasting are at the forefront of innovation in the card space and are an exact fit for the podcast series."
During the podcast, available for free download at paymentspodcast.com, a Visa executive explains how card payment systems were born out of innovation in the 1960s, and Visa's role in extending that innovation into the commercial space. The discussion also focused on how future innovation can help address the needs of corporates facing inefficiencies in payments today.
"The payments industry continues to innovate to better help financial institutions enable corporates by providing predictability and visibility into payments across the world," said Aliza Knox, senior vice president, Visa Commercial, Visa International. "Corporates and banks trust the robust infrastructure of our payment system to send data and payments electronically, which is especially valuable when trying to manage a large number of cross-border transactions."
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Notes to Editors:
About The Payments Podcast: The audio series, sponsored by Sun Microsystems and presented bi-weekly by Mike O'Hara of Voices in Business and Peter Scott, director global banking sector for Sun Microsystems, provides unique insights into the global payments industry from a wide range of thought leaders from banks, financial institutions and regulatory bodies. The audio series examines the latest thinking on trends, pressures, developments, and opportunities in the global payments industry. For more information, visit paymentspodcast.com.
About Visa Commercial: Visa Commercial payment solutions -- Visa Business, Visa Corporate and Visa Purchasing -- combine payment with information to create intelligent payment solutions that are designed to enable business and government organizations of any size and type to reduce costs, streamline operational and payment processes, and make more informed business decisions. Backed by Visa's unsurpassed acceptance, Visa Commercial products and services are designed to provide a complete way to manage payment-related processes, including travel and entertainment and procurement expenditures, payroll distribution, and information management. For more information, visit visa.com/visacommercial.
About Visa: Visa connects cardholders, merchants and financial institutions through the world's largest electronic payments network. Visa products allow buyers and sellers to conduct commerce with ease and confidence in both the physical and virtual worlds. Visa is committed to the sustained growth of electronic payment systems to support the needs of all stakeholders and to drive economic growth. Visa products currently generate more than $4.6 trillion in sales volume worldwide. Visa enjoys unsurpassed acceptance around the world. In addition, Visa/Plus is one of the world's largest global ATM networks, offering cash access in local currency in over 170 countries. For more information, visit corporate.visa.com.
Contact: Elissa Ehrlich, Sun Microsystems, Tel: +1 212 857 9397 at elissa.ehrlich@bitepr.com, Sabine Middlemass, Visa International, Tel: +1 650 432-8307, globalmedia@visa.com or Carolyn Krytzer, Burson-Marsteller, Tel: +1 415 591 4022 at carolyn.krytzer@bm.com
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