Profile: Visa Inc (V)
30 Nov 2016
Visa Inc., incorporated on May 25, 2007, is a payments technology company. The Company and its subsidiaries, including Visa U.S.A. Inc. (Visa U.S.A.), Visa International Service Association (Visa International), Visa Worldwide Pte. Limited, Visa Canada Corporation, Inovant LLC and CyberSource Corporation (CyberSource), operate a processing network, VisaNet, which facilitates authorization, clearing and settlement of payment transactions around the world. The Company also offers fraud protection for account holders and rapid payment for merchants. The Company provides its services to consumers, businesses, financial institutions and governments in over 200 countries and territories for electronic payments. The Company provides a range of payment solutions that support payment products that issuers can offer to their account holders, including pay now with debit, pay ahead with prepaid or pay later with credit products. It also offers a suite of digital, e-commerce, person-to-person payments, and mobile products and services. These services facilitate transactions on its network among account holders, merchants, financial institutions and governments.
The Company's debit payment solutions support issuers' payment products that draw on demand deposit accounts, such as checking accounts. The Company's prepaid payment solutions support issuers' payment products that access a pre-funded amount, allowing account holders to enjoy the convenience and security of a payment card in lieu of cash or checks. Its credit payment solutions support issuers' deferred payment and customized financing products. The Company's core processing services involve the routing of payment information and related data to facilitate the authorization, clearing and settlement of transactions between its issuers and acquirers.
The Company's products and services include Visa payWave, Visa Ready and Visa Checkout. Visa payWave is a payment feature that allows customers to use their enabled Visa cards or mobile device at the point of sale (POS). The customer waves his card or mobile device in front of the secure reader at checkout, instead of swiping it or handing it to a cashier. Visa payWave uses an embedded computer chip to send payment information to a secure reader at the point of sale. Visa Ready offers mobile payments and mobile acceptance solutions. Visa Checkout is a payment experience that allows consumers to pay for goods online on a smartphone, tablet, laptop or desktop. Visa Digital Solutions allow users to create, manage and accept secure digital payments in-store, online or in-application. Visa Token Service provides financial institutions, merchants and value-added partners with a consolidated payment platform.
The Company operates an open-loop payments network, VisaNet, through which the Company connects and manages the exchange of information and value between issuers (financial institutions that issue Visa-branded cards or payment products to account holders) and acquirers (financial institutions that contract with merchants to accept Visa-branded cards or payment products). The Company's processing services involve the routing of payment information and related data to facilitate the authorization, clearing and settlement of transactions between its issuers and acquirers. VisaNet enables users to view and analyze each authorization transaction they process in real time, and to provide value-added services, including information products, such as risk scoring and loyalty applications, while the transaction data is being routed through its network.
The Company's processing services address the needs of payments ecosystem through offerings, such as merchant gateway and Visa Debit Processing Services (DPS). Merchant gateway services provided through the Company's CyberSource subsidiaries enable gateway routing and other services for e-commerce merchants to accept process and reconcile payments manage fraud, and safeguard payment security online. DPS provides issuer processing services for participating issuers of Visa debit prepaid and automated teller machine (ATM) payment products.
The Company competes with MasterCard, American Express, JCB, Discover/Diners Club, PayPal and Alipay.
PO Box 8999
SAN FRANCISCO CA 94128-8999
Company Web Links
- BRIEF-Visa modifies policies on debit routing
- EU rules to stem payment fraud may disrupt six billion euros of e-commerce: Visa
- EU rules to stem payment fraud may disrupt 6 bln euros of e-commerce - Visa
- SCOTUS dismissal of ATM fees case: Visa, MasterCard swung for a home run, called out on strikes
- U.S. Supreme Court allows ATM fees lawsuits to proceed