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VISA, also translated as Visa, is a credit card brand based in the United States
California
San Francisco
municipal
Visa International
Responsible for operation and management.
The VISA card was first issued in 1976, and its predecessor was created by
Bank of America
The issued Bank Americard.
In June 2017, the 2017 BrandZ Top 100 Most Valuable Global Brands List was released, and Visa earned $110.99 billion
Brand value
It's number seven. On May 29, 2018, the BrandZ Top 100 Most Valuable Global Brands 2018 was released and VISA ranked 7th.
[1]
In December 2018, VISA was shortlisted
The World's top 500 brands 2018
.
[2]
In October 2019,
Interbrand
published
Global brand
Number 55 on the top 100.
[3]
October 23, 2019, 2019
wealth
Visa ranked No. 43 on the Next 50 list.
[4]
On January 13, 2020, he was selected for 2020
Hurun
Zhishan
The list of winners.
[5]
- Chinese name
- Visa
- Foreign name
- VISA
- Establishment time
- The year 1958 [24]
- Affiliated company
- Visa Inc.
- alias
- Visa
- Nature of company
- Non-profit organization
- Official website
- http://www.visa.com.cn/
- Country of origin
- America
- vistas
- Be the best way to pay and receive money, everywhere, for everyone. [24]
- New York Stock Exchange
- Ticker symbol "V" [25]
- Annual revenue
- $29,310 million [32] (2022)
The year 1958
Bank of America
Launched the BankAmericard card, the first general consumer credit card issued in paper form,
Line of credit
It's 300 dollars.
The year 1970
in
Delaware
National BankAmericard was established
Inc.
(NBI), by
founder
Led by visionary and CEO Dee Hock.
The year 1973
NBI launches the first
Electronic authorization
The system was subsequently launched electronically
sorting
And settlement system.
The year 1974
International Bankcard Corporation (IBANCO) was formed to manage BankAmericard's national operations.
The year 1975
The year 1976
BankAmericard was renamed Visa - an easy-to-remember name (pronounced the same in every language), using a combination of blue and gold
flag
As a logo.
The year 1979
The first Visa traveler's check was issued in four currencies.
The year 1983
Visa launches
Automated teller machines
(ATM) network, enabling cash withdrawal anytime, anywhere, 24 hours a day around the world.
The year 1986
Visa has launched a new AD that heralds the card's evolution from a tool for travel and business to a card that people can use in their daily lives.
The year 1986
Visa has developed a multi-currency clearing and settlement system that supports 21 currencies.
The year 1988
Visa for the first time
Olympic Games
sponsor
, sponsored South Korea
Seoul
Summer Olympic Games
and
Canada
Alberta
Calgary
Winter Olympic Games
.
The year 1989
The year 1993
Visa pioneered the advanced nerve
Network technology
Used in electronic payments to reduce the risk of card fraud.
The year 1995
Visa
Check card
Be born; That same year, Visa participated in the development and formulation of the industry-wide
Chip card
unify
Technical standard
EMV to ensure all chip cards and
terminal
Can be implemented between
interoperation
.
The year 1996
Visa launched the first
Financial literacy
Plan. Today, the program benefits more than 20 countries and has helped millions of people improve their financial skills.
The year 1997
Visa All year
Volume of transaction
It reached $1 trillion, a major milestone for the payments industry.
The year 2001
1 billion Visa cards in circulation. In the same year, Visa introduced a "Zero Risk for Cardholders policy", meaning that cardholders are not liable for fraudulent card transactions.
The year 2004
Total Visa debit card transactions exceed total global Visa credit card transactions.
Visa introduced Advanced Authorization, which analyzes every Visa card transaction in real time and scores it for risk.
The year 2006
Visa's annual payments volume is $4.4 trillion, quadrupling since 1997.
The year 2007
Visa announced the completion of a global restructuring to create a new global company, Visa Inc.
The year 2008
Visa launches Visa
Mobile platform
To accelerate the adoption of mobile payments and value-added services.
Visa goes public and becomes
American history
On the largest IPO, its shares began in
New York Stock Exchange
Open trading
,
Stock code
Is "V".
The year 2009
Visa has launched its first global AD campaign to show people around the world a better way to pay.
The year 2014
With Visa Checkout, online shoppers can easily and securely pay online across a variety of devices with just a few taps.
The year 2016
Visa Inc. completes acquisition of Visa Europe.
[25]
Visa Card Sample
Visa targets different regions and
Consumption level
We offer a wide range of consumer debit card products. Visa debit cards allow consumers to access funds in their accounts electronically, making them more convenient, secure and flexible than cash and checks. Visa's debit cards are divided into four major brands - Visa, Visa Electron, Interlink and PLUS.
Visa also offers a wide variety of
Prepaid card
Products, so that financial institutions can provide consumers with prepaid card products that can be reloaded and used. For those who don't have a bank account yet
Consumer group
Visa Prepaid card solutions are a more secure and convenient alternative to cash and checks. Governments and businesses use Visa prepaid card products to issue health care funds and payments
medicaid
,
Unemployment benefit
Employee salaries and other benefits, etc. Visa also offers prepaid gift cards that can be used at any merchant that accepts Visa debit products. Prepaid products better meet the needs of global travelers and provide them with the unique convenience and security of electronic payments, eliminating the hassle caused by cash and checks.
- Commercial Payment Solutions - Visa offers a complete suite of commercial payment solutions for small, medium and large businesses and government agencies. Visa's commercial payment platforms include:
1. For
Small enterprise
-- Visa Business Credit Card, Visa Business Debit Card and Visa Series
Commercial credit
Card;
2, for large and medium-sized enterprises and government agencies - Visa corporate card, Visa purchasing card, Visa
Business card
Visa Conference card, Visa Fleet Card, Visa Distribution card, and B2B and
Supply chain management
Products and services. In addition, there isa set called VisaIntellilink Spend Management
Software tool
It can better help enterprises manage their expenses and related information.
In addition to these platforms, Visa offers solutions tailored to meet the specific requirements of businesses and government agencies of all sizes in different markets.
[6]
1.Visa Card
The world's most popular Visa card offers convenient, secure and reliable payment services.
Whether daily shopping, hotel reservations, or
Online bookstore
For shopping, Visa cards are accepted and accepted by merchants, and are equally popular online and in the real world.
2.Visa Gold Card
No matter what
Credit history
Good new customers, or those who have been supporting Visa cards
Regular customer
, please upgrade to use Visa Gold Card now to enjoy superior service
Gold standard
.
With a Visa Gold card, you can enjoy credit limits that typically exceed $5,000,
Revolving line of credit
Urgent replacement
Card service
And travel
Cash disbursement
Service. In addition, Visa Gold Card holders can also enjoy travel
Accident insurance
, medical care and
Legal service
Referral and assistance, as well as Visa Global Emergency Services are available 24 hours a day
Toll free
Support.
3.Visa
Platinum card
The Visa Platinum Card offers an extremely high credit limit, tailor-made travel and hospitality services
Entertainment item
$500,000
Travel accident insurance
And a series of fascinating
Exclusive offer
.
·4.Visa Unlimited Card
The Visa Unlimited Card crosses the boundaries of ordinary payments, offering credit limits that are hard to find anywhere else, unimaginable convenience, tailor-made benefits, and unparalleled service, making the Visa Unlimited Card unique to only an invited few.
5.Visa debit card
Visa debit cards can be taken directly from
Bank account
Pay the bill, and the payment record will be detailed in the bank
Monthly statement
Single, make financial management easier and more convenient.
Whether it's daily shopping, dining at restaurants, filling up the car,
Tourist shopping
You can pay with a Visa debit card, which makes everything easier. You can also use your Visa debit card to withdraw cash at ATMs around the world. Visa debit cards make the shopping process faster, easier and more secure, and are accepted by tens of millions of merchants worldwide.
6.VisaWave card
Just hold the VisaWave card close
Card reader
To complete the payment, the process is faster, simpler and more secure.
7.VisaMobile
VisaMobile integrates all the benefits offered by the Visa card into the mobile phone, which can be purchased or downloaded over the phone
coupon
Games, music, theater tickets, etc.
8.Visa
Prepaid card
Payment options other than cash or check, Convenient and secure Visa Prepaid cards offer an easy, convenient and secure way to pay anytime, anywhere, with peace of mind. VisaTravelMoney isa travel prepaid card that can be withdrawn from more than 1.8 million ATMs in more than 200 countries around the world in 24 hours
Local currency
For travel expenses.
In 2022, Visa card transactions on the U.S. payment system amounted to $14.109 billion
[31]
.
On Jan. 26, 2024, VISA earned an adjusted $2.41 per share in its fiscal first quarter, versus analyst expectations of $2.34. First-quarter net revenue of $8.6 billion versus analysts' expectations of $8.57 billion; Payment volume in the fiscal first quarter was $3.28 trillion, cents
Analysts expected $3.28 trillion.
[36]
Visa's latest innovations include:
,
Mobile payment
And service -- along with
Mobile device
As the number continues to grow, Visa is working to expand its payment products and services through this channel of mobile devices
Scope of application
.
Visa Money Transfer - Visa's global transaction processing network can handle a range of new services that make it possible to transfer funds directly into a Visa account.
Global transfer
Service is person-to-person
Payment platform
It enables individuals to make secure and fast payments through Visa's payment network
Electronic remittance
Service.
E-commerce - consumers choose to use Visa to credit, debit or
prepayment
Product to carry out
Online trading
Not anything else
Means of payment
. As the world's most popular leading
Electronic payment
The company's business payment option, Visa has gained the trust of a wide range of consumers for them online
Purchase product
And when providing services to help Visa has won the praise and trust of the majority of consumers.
,
Chip technology
-- Actively supported by Visa
EMV
Adoption and promotion of chip technology, including EMV contact chip technology and
Visa payWave
Non-contact technology. Based on the chip technology, Visa electronic Payments can be expanded to more payment environments, such as buses, vending machines and parking lots.
Payment processing
Visa
Core network
-
VisaNet
It is one of the world's largest transaction and information processing networks, helping financial institution clients, consumers, merchants, businesses and government agencies
Realized value
And the transmission of information. For more than 30 years, VisaNet has provided an important platform for Visa's innovation and services. Today, with VisaNet's centralized and integrated architecture, Visa offers its customers secure and reliable processing of massive transactions (authorization, clearing, and settlement)
Value-added service
. Key features of VisaNet include:
Scale - More than 101 billion authorized, cleared and settled transactions were processed through VisaNet in 2009. Rigorous testing revealed that
VisaNet
It can process more than 20,000 transactions per second.
Reliability - VisaNet has four data processing centers on three continents. These processing centers are fully synchronized and use a consistent authorization platform, which allows Visa to move transaction processing from one data center to another at any time if necessary. At the same time, each of Visa's next-generation data centers is equipped with multiple authorization engines, equivalent to a "data center within a data center." these
Advanced technology
Helps secure the VisaNet system
availability
And sufficient processing power to meet the growing demand for electronic payments.
Security - precisely because of VisaNet
Centralized architecture
Visa can "see" every transaction processed by VisaNet, which allows Visa to perform a real-time risk score on each transaction with the help of Visa's "Advanced Authorization" service, making it possible to be one step ahead and stop fraudulent transactions before they occur.
Value-added Services - Visa also offers a variety of value-added services, such as Enhanced, through a global, centralized processing platform
Risk management
Dispute handling, cardholder
Loyalty application
And other
Information service
Let's wait. For example, "Visa IncentivesNetwork" (VIN: Visa IncentivesNetwork)
VisaNet
The centralized processing power can provide personalized points returns based on the needs and preferences of U.S. cardholders.
[6]
Visa is well aware of the need to protect and control it
Payment system
We work closely with other parties to ensure that people trust every Visa payment. To achieve this goal, Visa implements multiple layers of security
Safeguard measure
. These different levels of security help detect and stop fraud early, or minimize the extent and scope of fraud when it does occur. Visa Security
Strategic focus
Mainly around the following aspects:
· Secure the payment environment to protect transaction data;
· Effectively monitor, identify and prevent fraud through technology and best practice cases;
· Control the impact of fraud, help card issuers and
Acquiring mechanism
Recover or minimize losses caused by fraud;
By promoting industry-wide participation and the establishment of accountability mechanisms, we create a positive environment
Payment security
On mutual cooperation
Industrial environment
.
Handling procedure
A VISA card is one issued by any bank
International credit card
One of them, the other is with the MASTER (Master) logo;
VISA is like China's UnionPay, VISA International is the world's largest international credit card organization. Is one by all
World Bank
Participate in the non-profit international organization, membership is composed of banks and other financial institutions, establish a global payment and
Financial service
The network of;
Internationally, there are mainly VISA International (VISA International) and
Mastercard International
(MasterCard International);
If the card has a VISA logo on it, it proves that the card is affiliated with the VISA organization and can be used in its network of banking systems.
In 1959,
Bank of America
Issued the first bank credit card, 1965,
Develop credit cards
On a small scale
American commercial bank
It began to expand nationwide, and the following year licensed its trademark to other banks, issuing blue, white and gold
Tricolor ribbon
Patterned Bank Americard. That same year, 14 banks in the east
New York
the
Buffalo
The Interbank Card Association was established, with Bank Americard as its main competitor. In order to further expand its business, the Bank formed National Bank Americard Incorporated(NBI). The banks that previously used the licensed trademarks became non-shareholding members of the NBI, and American Commercial Bank also expanded its business outside the United States. However, with a strong American commercial Bank color, Bank Americard was not favored by foreign banks, and in 1966, BankofAmerica ServiceCorp.(BSC) was established. In 1970, BSC Corporation changed its name to NationalBankAmericard INC. (NBI) to provide credit card services to banks throughout the United States. In 1977, NBI formed VISAInternational, the VISAInternational Group. VISA Card International is a group of international bank members
Credit card organization
, no shares, belong to
Non-profit organization
. It is headquartered in California, USA
San Francisco
. VISA helps members develop a variety of visas
Instrument of payment
(also known as credit card) and
Traveler's check
Business; Provide various VISA products and services to members; Help members profit from VISA products and services; Lower membership on the network
Repeated investment
, available to members, consumers and
Contracted merchant
Automatic"
cashlessness
"Payment instruments and systems. Visa is more than just
Payment card
Or synonymous with credit products. Visa branded products and services represent the safest, most convenient and most reliable
Payment method
To enable consumers to transact at any time, at any point, in any way, Visa is committed to
People's Bank of China
Working with Chinese banks to ensure that China's payment industry will support the sustained and rapid development of the economy in the future, is the kind of card that people often use in shopping malls, commonly known as bank card/credit card /
Financial card
.
2, VISA itself does not issue cards, you can choose VISA and MasterCard two categories when you do credit cards in China, as long as you choose VISA.
For the concept of "international", in fact, all credit cards are universal, the difference is whether to allow foreign currency settlement, the vast majority of banks provide
U.S. dollar
and
RMB
One card, two coins, need other currency only
Bank of China
It's optional.
If the application is successful, it takes about 14 days to review, and if the review is approved, it takes about 3 days to send the credit card, which means that in general, it can be obtained within 20 days.
If there is a VISA payment channel sign on the website, it proves that he can indeed support VISA payments.
Industrial and Commercial Bank of China (ICBC)
Industrial and Commercial Bank of China
) by VISA
International card
It can be supported. Icbc also supports the VISA verification service. You can log in ICBC
Online banking
Or apply for VISA verification service at the counter and reserve payment verification information. If the website also supports verification by VISA, you need to provide your reserved verification information at the time of payment, if the website does not support verification by VISA, you only need to provide the card number, validity period, your pinyin name (and you fill in the same when you apply for the card) at the time of payment ICBC VISA card RMB account and US dollar account is separate. You can pay directly on the website. After overdraft, you can apply at ICBC
Repayment of foreign exchange purchases
.
VISA card is ICBC's international card (standard
Credit card
Credit card products can be used worldwide and have the function of interest-free overdraft for consumption. This is required when you apply
Income certificate
,
Employment certificate
And other relevant supporting documents.
Joseph W. Saunders - Chairman and Chairman
Chief executive officer
Elizabeth Buse - President, Group International
Mike Dreyer—
Chief information officer
Joshua R. Floum - General Counsel
Oliver Jenkyn - Managing Director, Global Corporate Strategy and Development
Rick Leweke - General Manager, Global Human Resources
Thomas A. M 'Guinness - Managing Director, Global Corporate Legal Affairs
James McCarthy - Global
Product manager
Doug Michelman - General Manager, Global Corporate Affairs
John M. Partridge
- President
Darren Parslow- Managing Director of global Data Processing
Byron H. Pollitt—
Chief financial officer
William M. Sheedy - President of the Americas Region
Unionpay Visa dispute
Visa went global in June 2010
Member bank
The letter requires that from August 1, 2010, all dual-currency credit cards with Visa logos are not allowed to go abroad
China UnionPay
The clearing channel, otherwise VISA will be heavily fined
Acquiring bank
.
On September 15, 2010, the United States alleged that the People's Bank of China had issued multiple restrictions since 2001 that enabled the monopoly of RMB payment card transactions by China UnionPay, discriminated against foreign suppliers and violated China's opening up
Financial services industry
Market commitment, appeal
World Trade Organization
Dispute settlement mechanism
And made a request to China for consultation.
On 11 February 2011, the United States requested the establishment of a panel of experts.
July 4, 2011
World Trade Organization
Director GENERAL
A panel appointed by Mr Lamy has formally begun hearing the case. In the course of the Panel's proceedings, which lasted more than a year, China fully clarified to the Panel its position on the scope of commitments on financial services, and introduced China's bank card system to the Panel in detail.
Historical evolution
And with bank cards
Network universal
Relevant measures.
17 July 2012 World Trade Organization (WTO)
Dispute settlement body
The official release of the expert group report rejected the US allegations of monopoly status of China UnionPay, but supported the US proposition that China should open up its electronic payment services market.
Published by the World Trade Organization on 31 August 2012
Press release
Display:"
WTO dispute settlement mechanism
(
DSB
Adopted the Panel report in the case of 'China - Some measures affecting electronic Payment Services', and China did not respond to or appeal the report."
[7]
According to WTO rules, if a party drops the complaint, it means accepting the ruling, which also means that China will be obliged to gradually open up the electronic payment service market to the outside world, and other card organizations other than UnionPay will be allowed to issue RMB payment cards in China.
With the gradual liberalization of the market, cardholders and merchants will have one more choice. Prior to this, a single card with a VISA or Mastercard logo could not be accepted on POS machines in China.
As of September 3, 2012, China's Ministry of Commerce issued a public response to the appeal: The panel's report rejected some of the claims of the United States and supported China's view on the orderly opening of the payment service market.
On September 4, 2012, the relevant person in charge of China UnionPay told the New Express reporter that it complied with the decision of the Ministry of Commerce.
Impact analysis
The two-year court case is a good thing, and it has helped UnionPay to be aggressive in recent years. The advantages of foreign card organizations entering China have been greatly reduced.
But there are questions about whether competition will eventually lead to a deal
Liquidation expense
The reduction is difficult to predict, from the merchants and users of the payment fees, the international card organization in the domestic fees are not very low, especially from the Internet fee point of view, the rate of foreign card organizations than the domestic much higher. Some bankers said that if the market opens up to competition, UnionPay may increase the inter-bank transfer fees of banks, or set some new fees. Unionpay charges commercial banks are relatively low.
Guotai Junan
Chief economist
former
UnionPay
Principal investigator
Lin Caiyi
It is believed that the electronic payment market is a fast-growing market, so the market opening will not lead to the contraction of the business of any institution, and the existing market share of UnionPay is difficult to be shaken, but this
Market future
How to divide the share of the incremental part depends on the efficiency and efficiency of each card organization
Marketing strategy
.
Public education with Bank of China Regulatory Commission
Service center
conclude
Strategic cooperation
Visa, the world's leading payment technology company, announced in Beijing on the 4th that it has signed a strategic cooperation memorandum with the Public Education Service Center of the China Banking Regulatory Commission
Strategic partnership
The two sides will cooperate to carry out financial education projects and promote the innovation and development of universal financial education.
[6]
It is reported that the strategic cooperation between the two sides will last for three years. Visa will assist during the partnership
China Banking Regulatory Commission
Public Education Service Center
Extension service
Function, further enrich the display content, making it an important financial education platform. In addition, both parties will organize financial knowledge seminars, competitions and financial education
Fiesta
And a variety of financial education outreach activities, focusing on youth and
Migrant worker
Groups teach personal finance basics.
2023年6月28日消息，腾讯将于7月陆续开放微信支付商户网络给Visa等国际信用卡或借记卡组织，方便境外用户在中国内地能以常用的信用卡和借记卡绑定微信支付。
[33]
On August 17, 2023, Alipay announced the launch of a new international version at the 2023 partner conference, and overseas users can download and register Alipay to enter the international version, which can be bound to the mainstream international card group bank cards, such as Visa.
[34]
In June 2017, the 2017 BrandZ Top 100 Most Valuable Global Brands List was released, and Visa earned $110.99 billion
Brand value
It's number seven.
On November 16, 2019,
Hurun Research Institute
Released the 2019 Hurun Top 100 Global Unicorn Active Investors List, and Visa made the list.
[9]
On January 22, 2020, it ranked 36th on Fortune's 2020 list of the World's Most Admired Companies.
[10]
In January 2020, the 2020 list of the World's 500 Most Valuable Brands was released, and Visa ranked 56th.
[11]
On May 13, 2020, Visa was ranked 141st on the 2020 Forbes Global 2000 list.
12 - [13]
On May 18, 2020, Visa ranked No. 137 on the 2020 Fortune 500 list.
[14]
On 30 June 2020, Visa was ranked # 5 in the BrandZ Top 100 Most Valuable Global Brands 2020 list.
[15]
In June 2023, with 29,310 (million US dollars) in revenue, it was listed in the 2023 Fortune 500 list, ranking 137th.
[32]
In 2024, the full list of the top 500 global brands by value was released, and VISA ranked 68th.
[39]
In 2018, Visa again extended its relationship with
International Olympic Committee
signed
Exclusive license
It will be extended to 2032.
[23]
January 31, 2020, Visa(V.US)Q1
Earnings per share
The company expects its board to approve a $9.5 billion buyback plan.
[17]
On June 13, 2020, Visa CEO Akley revealed in an interview with the media that Visa chose to
Wholly foreign-owned enterprise
Form to apply to the central bank for domestic RMB
Clearing business
License plate.
[20]
Visa Group announced on Thursday that it has signed an agreement to acquire European open banking platform Tink for €1.8 billion (about $2.15 billion).
[19]
In February 2022,
Lacarra
Jointly with Visa, we took the lead in launching the Visa Tap to Phone POS application trial in China
Dot.
[21]
In the early hours of March 6, 2022, Visa announced that it would stop operating in the United States
Russia
For the business, Visa said it was working on specifics
Implementation plan
.
[26]
On October 2, 2023, Visa announced the launch of a $100 million generative AI venture capital program to invest in next-generation companies focused on developing generative AI technologies and applications.
[35]
On June 14, 2024, Interface News reported that a $30 billion settlement between Visa and mastercard and merchants is likely to be rejected by a federal judge in Brooklyn, New York. U.S. District Judge Margo Brodie of the Eastern District of New York said at a June 13 hearing that she might not approve the deal, according to court records. Brody has not officially ruled, but said she will "issue a written ruling" in the coming days, according to a summary of her comments in court.
[37]
On July 17, local time, the Japanese Fair Trade Commission conducted an on-site inspection of the company for suspected violations of the anti-monopoly Law by its subsidiary in Japan.
[38]
