Visa is a global electronic payment-card network that traces its origin to BankAmericard, a credit card program launched by Bank of America in 1958 and later spun off and renamed Visa in 1976. Rather than issuing cards or extending credit itself, Visa operates the network that routes and settles transactions between the banks that do, and it became one of the two dominant payment-card networks in the world alongside Mastercard, processing a very large share of global card-based retail spending.
Facts
Classification
Sector (GICS) Offering Kind Connections
Associated With
Visa is a global payment-card network central to consumer and commercial finance practice in electronic payments.
In Sector
Sources
1. Wikipedia, Visa Inc.
WikipediaLead section
Visa was founded in 1958 by Bank of America (BofA) as the BankAmericard credit card program.
Infobox: former_name
BankAmericard (1958-1976)
Introduction, GICS sector classification
Visa Inc.
Introduction, offering kind classification
Visa Inc.
View the Source Reader Challenges (0)
No disputes yet. Spotted an error or a better source? Open the first one.
Sign in to dispute this or suggest a correction.