Visa Inc., Visa International Service Association and Visa U.S.A. Inc. on Jan. 31 entered into a 364-day, unsecured $3 billion revolving credit agreement with a syndicate of lenders, including Bank of America NA as administrative agent. The new credit facility will expire Jan. 30, 2014. It will replace the companies' prior $3 billion credit facility, which will expire Feb. 15. Borrowings under the credit facility are available for general corporate purposes. Interest on the borrowings would be charged at the LIBOR or an alternative base rate, in each case plus applicable margins that fluctuate based on the applicable rating of senior unsecured long-term debt securities of Visa Inc. JPMorgan Chase Bank NA acted as syndication agent in connection with the new credit facility and J.P. Morgan Securities LLC, Merrill Lynch Pierce Fenner & Smith Inc., Citigroup Global Markets Inc., Standard Chartered Bank, The Bank of Tokyo-Mitsubishi UFJ Ltd., U.S. Bank NA, Wells Fargo Securities LLC, The Bank of China, Los Angeles Branch, and Canadian Imperial Bank of Commerce, New York Agency, served as joint lead arrangers and joint book-runners in connection with the new credit facility.

VISA Presents at Global Money Transfers Summit London-2012, Nov-07-2012 . Venue: Hilton London Docklands Riverside, 265 Rotherhithe Street, London SE16 5HW, United Kingdom. Speakers: Kelly Alpert.

A lawsuit filed by Buxton accuses Visa U.S.A., Inc. of tricking it into revealing research methods, then shutting them out so the credit card giant could develop its own products. Buxton's suit accuses Visa of breach of contract, fraud, negligent misrepresentation and hurting its customer relationships. Visa has not responded to the suit, filed in state district court Aug. 22 in Tarrant County. On Sep. 14, 2012, its attorney filed a request to have the case heard in federal court.