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Visa Inc.

Visa Inc
Company nameVisa Inc.
Company typePublic
IndustryFinancial services
Founded1970 in Delaware
Headquarters595 Market Street
San Francisco, California, U.S.
Key peopleJoseph Saunders
(Chairman and CEO)

John Partridge
ProductsPayment systems
Revenue(+) US$8.065 billion (FY 2010)
Operating income(+) US$4.638 billion (FY 2010)
Net income(+) US$2.966 billion (FY 2010)
Total assets(+) US$33.408 billion (FY 2010)
Total equity(+) US$25.014 billion (FY 2010)

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Visa Inc. (c-enpronˈviːzə or /viːsə/; NYSE - V) is a global payments technology company headquartered on 595 Market Street in San Francisco, California. It facilitates electronic funds transfers throughout the world, most commonly through Visa-branded credit card and debit cards. Visa does not issue cards, extend credit or set rates and fees for consumers; rather, Visa provides financial institutions with Visa-branded payment products that they then use to offer credit, debit, prepaid and cash-access programs to their customers. In 2008, according to The Nilson Report, Visa held a 38.3% market share of the credit card marketplace and 60.7% of the debit card marketplace in the United States. In 2009, Visa’s global network (known as VisaNet) processed 62 billion transactions with a total volume of $4.4 trillion.

Visa has operations across Asia-Pacific, North America, Central and South America, Caribbean, Central and Eastern Europe, Africa and Middle East. Visa Europe is a separate membership entity that is an exclusive licensee of Visa Inc.'s trademarks and technology in the European region, issuing cards such as Visa Debit.

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