November 28, 2014 6:04 PM ET

IT Services

Company Overview of Visa U.S.A., Inc.

Company Overview

Visa U.S.A., Inc. operates retail electronic payments network in the United States. It also administers Visa payment programs. The company product platform includes consumer credit, consumer debit and cash access, and prepaid and commercial programs. It offers products and services over a secure payments network to support payment programs offered by its member financial institutions to their consumer, commercial, and merchant customers. Visa U.S.A., Inc. was formerly known as National BankAmericard, Inc. and changed its name to Visa U.S.A., Inc. in January 1977. The company was founded in 1958 and is headquartered in Foster City, California. Visa U.S.A., Inc. operates as a subsidiary of Vis...

900 Metro Center Bouleverd

Foster City, CA 94404

United States

Founded in 1958

Phone:

650-432-3200

Fax:

650-432-3631

Key Executives for Visa U.S.A., Inc.

President
Age: 65
Chief Financial Officer and Principal Accounting Officer
Age: 63
Group President of Asia Pacific and CEMEA Regions
Age: 57
Senior Vice President and Controller
Executive Vice President of Client Services and Member of Executive Management Committee
Compensation as of Fiscal Year 2014.

Visa U.S.A., Inc. Key Developments

Discover Financial Services Files Lawsuit Against Visa

Discover Financial Services has filed a lawsuit in federal court against Visa alleging about its anti-competitive practices in its debit-card business. The petition has contended that Visa has historically attempted to ensure that PIN debit does not predominate by undertaking illegal practices and offering economic incentives to merchants to choose the Visa network for transactions.

USA Technologies Inc. and Visa U.S.A., Inc. Enter into a New Three-Year Agreement

On November 14, 2014, USA Technologies, Inc. and Visa U.S.A. Inc. entered into a new three-year agreement effective on October 31, 2014, and replaced the agreement that had previously been entered into between them. Subject to the terms of the Agreement, the Network has agreed to continue to make available to the Company promotional interchange reimbursement fees for small ticket debit and credit card transactions in the unattended beverage and food vending merchant category code as well as for small ticket regulated debit card transactions in the other unattended vending and/or retail merchant category codes covered by the Agreement.

Vodafone and Visa Launch New Payment Services in Netherlands

Vodafone and Visa have launched the Vodafone Wallet and Visa SmartPass service in the Netherlands. SmartPass is the service to offer consumers in the Netherlands the chance to make secure, easy contactless payments using their mobile phone. The service will work on any contactless payment terminal in Europe that displays the V PAY logo. Users will also be able to transfer money to each other's SmartPass accounts using the service. The Vodafone SmartPass payment service has been developed with Visa and is based on a prepaid Visa solution. For transactions under E25, customers can pay easily and conveniently by simply touching their mobile phone to a contactless terminal showing the V PAY logo. For transactions over E25 the customer will be invited to enter a passcode to verify their purchase.

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