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Visa Incorporated, founded as National BankAmericard Incorporated (NBI) in 1970, operates the world's largest retail electronic payments network. The firm's services allow over 16,000 financial institutions worldwide to provide general consumers, businesses, and government agencies with credit, debit, prepaid, and commercial programs. Institutions issue cards and define fees and interest rates. Visa's VisaNet platform streamlines risk management, fraud detection, dispute resolution, and loyalty program operations. Transactions are tracked and evaluated in real time. Approximately 81 billion transactions are processed through VisaNet per year. Visa's payWave technology is a contactless card platform that speeds retail transaction processing. The firm also is known for its Visa Electron, PLUS, and Interlink brands. Visa launched its global ATM network in 1983. The company introduced its mobile platform in 2007. Visa serves customers across 170 countries and territories. The firm is listed on the New York Stock Exchange under the V symbol.
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Information Sources, Inc.