Visa Inc.

Visa operates the world's largest retail electronic payments network and is one of the most recognized global financial services brands. Visa facilitates global commerce through the transfer of value and information among financial institutions, merchants, consumers, businesses and government entities. We offer a range of branded payment product platforms, which our financial institution clients use to develop and offer credit, charge, deferred debit, prepaid and cash access programs to cardholders. Visa's card platforms provide consumers, businesses, merchants and government entities with a secure, convenient and reliable way to pay and be paid in 170 countries and territories

 

1958 Bank of America launches the BankAmericard California with an innovative “revolving credit” feature. 1973 Visa launches the first electronic authorization system, followed a year later by an electronic clearing and settlement system, the precursor to VisaNet. 1974 The International Bankcard Company (IBANCO) is formed to administer the BankAmericard program internationally. 1976 BankAmericard changes its name to Visa, a simple, memorable name that is pronounced the same in every language, and adopts the blue-and-gold flag. 1983 Building on its “any time, anywhere” promise, Visa launches a global ATM network, providing 24-hour cash access to cardholders around the world and contributing to the convenience of modern business and leisure travel. 1986 Visa becomes the first payment card system to offer multiple-currency clearing and settlement, providing financial institutions with faster restitution methods and greatly increasing transaction efficiency. 1993 Visa is the first to apply state-of-the-art neural network technologies to payments, potentially reducing the incidence of card fraud. In the same year, Visa offers the first international prepaid card, Visa TravelMoney. 1997 Visa’s annual global sales volume reaches $1 trillion, a significant milestone for the payments industry. 2001 Visa’s annual global sales volume reaches the $2 trillion milestone. 2004 Visa’s global debit volume surpasses credit. 2005 Visa updates its brand identity with a new look to better reflect new payment opportunities, such as mobile and contactless. 2007 Visa launches the Visa mobile platform, a business and technology framework for facilitating the adoption of mobile payments and value-added services. 2007 Visa announces the completion of the company’s corporate restructuring, creating a new global corporation called Visa Inc. 2008 Visa completes the largest initial public offering in U.S. history and begins trading publicly on the New York Stock Exchange under the ticker symbol “V.”