e company's digital wallet service and acceptance mark, is commercially available in the United States where it is featured on approximately 50 merchant sites, and also has launched in Australia and Canada. The company also has licensed payWave, a mobile NFC payment technology, to third-party wallet providers to help ensure their solutions are enabled with Visa's payment functionality, and the company has signed agreements with several mobile operators to extend payment functionality to their mobile subscribers. In addition, the company continues to certify NFC-enabled smartphones from device manufacturers for use with payWave, and the company has partnered with Samsung to preload payWave on Samsung’s NFC-enabled smartphones. To further support the enablement of NFC, the company also offers the Visa Mobile Provisioning service — a solution that enables banks and mobile operators to provision mobile payment accounts on NFC-enabled smartphones. The company’s managed service solution enables mobile money programs in India and Rwanda. Client contracts: In 2013, the company partnered with a financial institution client to customize a processing solution using VisaNet that is designed to accelerate the growth of electronic payments, deliver added value to merchants, and serve account holders. Regulation Rules were implemented in the United States during 2011 and 2012 with respect to debit products under the Dodd-Frank Wall Street Reform and Consumer Protection Act, which regulates, debit interchange reimbursements rates, the availability of debit networks, financial institutions' and merchants' choices among these networks, and transaction routing. Data protection and information security: In accordance with governing law, the company devotes substantial resources to maintain and continually refine its information security program in order to safeguard account holder information and provide account holder notification in the event of a security breach. In addition, the U.S. Federal Financial Institutions Examination Council periodically reviews certain of its operations in the United States to examine its compliance with data integrity, security and operational requirements and standards, as well as other requirements applicable to the company because of its role as a service provider to financial institutions. Anti-money laundering, anti-terrorism and sanctioned countries: The company is subject to legal and regulatory requirements intended to help detect and prevent money laundering, terrorist financing, fraud and other illicit activity. In addition, some of its products and services may be subject to regulations promulgated and administered by the U.S. Department of the Treasury, Office of Foreign Assets Control (OFAC). The company has developed and implemented policies, procedures, systems and internal controls that are designed to comply with OFAC requirements and comparable sanctions programs. Competition The company’s Interlink and Visa Electron brands compete with Maestro, owned by MasterCard, and various regional and country-specific debit network brands, including STAR, NYCE and PULSE in the United States, EFTPOS in Australia, NETS in Singapore, and Interac in Canada. It also competes with Discover, JCB, Diners Club, and American Express.
visa inc-class a shares (V:New York)
PO Box 8999
San Francisco, CA 94128
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