"Visa": Specialized in electronic funds tranfers: Credit and debit cards

Please note that the content of this book primarily consists of articles available from Wikipedia or other free sources online. Visa Inc. is an American multinational financial services corporation headquartered in San Francisco, California, United States. It facilitates electronic funds transfers throughout the world, mostly through Visa-branded credit card and debit cards. However, Visa does not issue cards, extend credit or set rates and fees for consumers but provides financial institutions with Visa-branded payment products that they then use to offer credit, debit, prepaid and cash-access programs to their customers. According to The Nilson Report, in 2008 Visa held a 38.3% market share of the credit card marketplace and 60.7% of the debit card marketplace in the United States. In 2009, Visa’s global network – VisaNet – processed 62 billion transactions with a total volume of $4.4 trillion...