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File:Visa 2021.svg | |
File:900 Metro Center Boulevard.jpg Former headquarters at Metro Center in Foster City, California | |
Type | Public |
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Traded as |
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Industry | Payment cards services |
Founded | September 18, 1958Fresno, California, U.S.) | (as BankAmericard in
Founder | Dee Hock |
Headquarters | One Market Plaza, San Francisco, California, U.S.[1] |
Area served | Worldwide |
Key people |
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Products |
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Revenue | ![]() |
Operating income | ![]() |
Net income | ![]() |
Total assets | ![]() |
Total equity | ![]() |
Number of employees | c. 26,500 (2022) |
Website | visa |
Footnotes / references Financials as of September 30, 2022[update]. References:[3] |
Visa Inc. (English pronunciation: ; stylized as VISA) is an American multinational payment card services corporation headquartered in San Francisco, California.[1][4] It facilitates electronic funds transfers throughout the world, most commonly through Visa-branded credit cards, debit cards and prepaid cards.[5] Visa is one of the world's most valuable companies.
Visa does not issue cards, extend credit or set rates and fees for consumers; rather, Visa provides financial institutions with Visa-branded payment products that they then use to offer credit, debit, prepaid and cash access programs to their customers. In 2015, the Nilson Report, a publication that tracks the credit card industry, found that Visa's global network (known as VisaNet) processed 100 billion transactions during 2014 with a total volume of US$6.8 trillion.[6]
Visa was founded in 1958 by Bank of America (BofA) as the BankAmericard credit card program.[7] In response to competitor Master Charge (now Mastercard), BofA began to license the BankAmericard program to other financial institutions in 1966.[8] By 1970, BofA gave up direct control of the BankAmericard program, forming a cooperative with the other various BankAmericard issuer banks to take over its management. It was then renamed Visa in 1976.[9]
Nearly all Visa transactions worldwide are processed through the company's directly operated VisaNet at one of four secure data centers, located in Ashburn, Virginia; Highlands Ranch, Colorado; London, England; and Singapore.[10] These facilities are heavily secured against natural disasters, crime, and terrorism; can operate independently of each other and from external utilities if necessary; and can handle up to 30,000 simultaneous transactions and up to 100 billion computations every second.[6][11][12]
Visa is the world's second-largest card payment organization (debit and credit cards combined), after being surpassed by China UnionPay in 2015, based on annual value of card payments transacted and number of issued cards.[13] However, because UnionPay's size is based primarily on the size of its domestic market in China, Visa is still considered the dominant bankcard company in the rest of the world, where it commands a 50% market share of total card payments.[13]
See also[]
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- RuPay
- UnionPay
- CIBIL
- Damage waiver
- Entrust Bankcard
- Visa Buxx
- Visa Debit
- Visa Electron
References[]
- ↑ 1.0 1.1 Li, Roland (November 6, 2019). "Visa to vastly expand SF headquarters with move to Giants waterfront project". San Francisco Chronicle. Archived from the original on August 18, 2022. Retrieved August 18, 2022.
- ↑ Harring, Alex (November 17, 2022). "Visa says Ryan McInerney will replace Al Kelly as its next CEO". CNBC. Retrieved September 22, 2023.
- ↑ "U.S. SEC: Visa Inc. Form 10-K". U.S. Securities and Exchange Commission. November 16, 2022. Archived from the original on November 17, 2022. Retrieved November 17, 2022.
- ↑ "Visa Inc. 2021 Annual Report" (PDF). Visa Inc. Archived (PDF) from the original on November 6, 2022. Retrieved August 17, 2022.
- ↑ Visa Archived September 30, 2009, at the Wayback Machine. Retrieved March 26, 2010.
- ↑ 6.0 6.1 Fisher, Daniel (May 25, 2015). "Visa Moves at the Speed of Money". Forbes. Archived from the original on August 6, 2020. Retrieved May 1, 2016. This article is authored by a Forbes staff member.
- ↑ Stearns, David L. (2011). Electronic Value Exchange: Origins of the Visa Electronic Payment System. London: Springer. p. 1. ISBN 978-1-84996-138-7. Archived from the original on March 28, 2023. Retrieved March 20, 2023. Available through SpringerLink.
- ↑ Cite error: Invalid
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- ↑ "Map and List of VisaNet's Data Centers". Baxtel. Archived from the original on October 19, 2018. Retrieved October 18, 2018.
- ↑ Kontzer, Tony (May 29, 2013). "Inside Visa's Data Center | Network Computing". www.networkcomputing.com. Archived from the original on May 16, 2016. Retrieved May 1, 2016.
- ↑ Swartz, Jon (March 25, 2012). "Top secret Visa data center banks on security, even has moat". USA Today. Archived from the original on November 9, 2018. Retrieved February 20, 2017.
- ↑ 13.0 13.1 "UnionPay takes top spot from Visa in $22 trillion global cards market – RBR". Finextra. London: Finextra Research Limited. July 22, 2016. Archived from the original on June 4, 2019. Retrieved February 3, 2017.
External links[]
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Wikimedia Commons has media related to Visa Inc.. |
- Official Visa.com website (in most cases, will automatically redirect to a localized version of Visa.com based on the user's location)
- Business data for Visa:
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Template:Credit cards