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.
Sources
1. Wikipedia, Visa Inc.
WikipediaHistory, initial launch by Bank of America
On September 18, 1958, Bank of America (BofA) officially launched its BankAmericard credit card program in Fresno, California.
History, transition to the Visa name
In 1976, BankAmericard, Barclaycard, Carte Bleue, Chargex, Sumitomo Card, and all other licensees united under the new name, \Visa\"."
Introduction, GICS sector classification
Visa Inc.
Introduction, offering kind classification
Visa Inc.
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