VISA Overview VISA, also translated as Visa and Weixin, is a credit card brand operated and managed by Visa International Organization located in San Francisco, California, USA. VISA card began to be issued in 1976. Its predecessor was Bank Americard issued by Bank of America. VISA is also known as the name for a bacterium called vancomycin-intermediately resistant Staphylococcus aureus and a National Instruments API. Table of Contents [Hide] Understanding the Visa Visa Brand Visa Global Reorganization Visa Asia Pacific Business
1. Visa (VISA) (Visa International Service Association)
VISA’s new logo internationally , Bank Americard also had a few other names before it was called Visa, and Bank Americard's "blue-white-gold" graphic is also used on these cards. In the UK it is called the Barclay Card and is issued by Barclays Bank. In Canada, a group that includes Toronto-Dominion Bank, Canadian Imperial Bank of Commerce, Royal Bank of Canada and Bank of Nova Scotia The banking union issues bank cards called Chargex. In France it is called the Blue Card (Carte Bleue).
VISA is one of the most prestigious payment brands in the world. VISA works hand in hand with VISA authorized merchants, ATMs and member financial institutions around the world to make this dream come true.
The physical VISA global electronic payment network for visa cards - VISANet - is the world's most extensive, powerful and advanced consumer payment processing system, and continues to fulfill its promise of making your VISA card travel around the world. Currently, there are more than 20 million authorized merchants around the world that accept VISA cards, and there are more than 840,000 ATMs around the world. Therefore, VISA's global network allows you to conveniently use your VISA card no matter where you are.
VISA International itself does not directly issue cards. In the Asia-Pacific region, VISA International has more than 700 member financial institutions that issue various VISA payment instruments, including credit cards, debit cards, corporate cards, business cards and purchase cards. In mainland China, almost all commercial banks issue Visa cards. Today, JPMorgan Chase Bank is the largest Visa card issuing bank in the world. These products can make you feel safe, convenient and reliable when consuming.
VISA established representative offices in Beijing and Shanghai in 1993 and 1996 respectively. VISA has 17 Chinese member financial institutions including UnionPay and 5 foreign member banks in China. As of the end of March 2005, VISA had issued approximately 5.4 million VISA cards and 17,000 ATMs in mainland China. VISA's transaction volume in mainland China reached US$3.2 billion.
Visa cards can be accepted at more than 24 million merchant transaction points around the world, and can withdraw cash at 1 million ATMs, providing unlimited convenience. There are more than 1 billion Visa cards in circulation around the world, proving that Visa is the most popular payment brand. [Edit this paragraph] Get to know Visa The Visa system is the world's most complete electronic payment network, closely connecting up to 1 billion cardholders around the world with 24 million merchant transaction points. The Visa system is a financial institution organization founded in 1973 and began to use the name "Visa" in 1976.
In the past 30 years, many consumers, companies, and merchants have fully understood the convenience, flexibility, security, and unparalleled global circulation advantages of the Visa system. All walks of life have full confidence in Visa, and Visa lives up to expectations and provides the best services.
Visa is not a traditional multinational enterprise, but an organization composed of nearly 21,000 financial institutions around the world.
Member institutions often compete with each other in their home markets to attract cardholders and merchants. The Visa system will also help smaller member institutions enjoy the economies of scale brought by the world's largest payment system.
Visa's business strategy is centered on firm operating standards and principles, and is coordinated with resource-rich national and regional teams to meet the needs of member institutions in various locations. The activities of all Visa members must comply with the global operating rules and instructions of the central team. This central team is responsible for developing products, managing brands, monitoring global risks, and enforcing technical standards. [Edit this paragraph] Visa brand Visa is one of the ten most valuable brands in the world and one of the best financial services brands. Over the past 30 years, Visa has become the most familiar independent brand among global payment brands with the efforts, investment and trust of its members, merchants and cardholders. It not only has the most cardholders, but is also the most widely used and most consumed. A payment brand that is loyal to consumers.
Visa card has always been the best credit card in the minds of consumers. The credit and debit products provided by Visa allow customers to decide to pay immediately or delay payment according to their needs. In addition, Visa promotes competition among banks and helps consumers choose the most advantageous credit or debit service according to their needs.
For merchants, the Visa brand is not only a guarantee of payment, but also a way to increase business profitability. Visa facilitates more than 1 billion people around the world to shop at merchants, which naturally helps merchants increase sales. Furthermore, since different acquirers compete with each other, merchants can choose partners according to their own needs and benefit from market competition.
As for member banks, the Visa brand helps the local brands of member banks to go global. Regardless of credit or debit services, Visa can increase total revenue and create more business value more effectively than other payment brands. Visa will also be committed to helping business partners in the form of co-branded funding.
The trust that the Visa brand has always earned allows Visa to provide customers with more payment options, from personal credit and debit cards to payment and management purchase cards for commercial institutions, all available. Visa's outstanding reputation has also expanded its scope of transaction acceptance. Whether it is fast food restaurants, gas stations, supermarkets, or online transactions, Visa card payments are accepted.
As electronic payment opportunities continue to emerge in new business areas and local markets, merchants accepting Visa card payments represent confidence and reliability, allowing Visa to play an important role in global business development and provide It brings confidence to consumers and businesses, helping them to trade in new markets and explore new opportunities. [Edit this paragraph] Visa Global Reorganization October 11, 2006, Beijing, China - Visa announced plans to reorganize its organizational structure to create a new global listed company - Visa Inc. As part of this reorganization plan, Visa Europe will remain a member-based association and continue to be jointly owned and managed by its European member banks, while it will become a licensed institution of Visa Inc. Visa hopes that through this organizational restructuring, the company will be best positioned to meet the changing needs of customers, improve organizational efficiency, resolve some legal claims that exist in certain markets, and expand financing channels to accelerate the company's growth. develop.
Mr. William I. Campbell, Chairman of the Global Board of Directors of Visa International, said, "This is the best time in Visa's history to make this transition - we will continue to maintain our leadership in the payments industry. position. Our development strategies and strategies for emerging markets have been very successful. At the same time, the global payments industry also presents very broad growth prospects. We look forward to the new organization will further accelerate Visa's development and enable us to serve our customers. Financial institutions and merchants provide better services. ”
According to the proposal of the restructuring plan, Visa Inc. will operate through Visa Canada, Visa United States and Visa International (including Visa Asia Pacific, Visa Central and Eastern Europe, Middle East and Africa and Visa Latin America and the Caribbean). The reorganization will create a new joint-stock company owned by Visa members.
Following the merger, the global company will conduct an initial public offering of shares and list on a major stock exchange of its choice. It is expected that most of the shares of the reorganized new company will be sold publicly.
The boards of directors of Visa's six regions and Visa International unanimously approved the proposal for the restructuring plan. The reorganization plan still needs to be approved by Visa member institutions and regulatory agencies.
Under the new model, Visa Europe will retain its organizational structure as a member-owned association, continue to be owned by 4,500 European member banks, and will operate as an authorized agency of Visa Inc. This organizational structure model will enable Visa Europe to take full advantage of the important opportunities brought by the internal payments market environment based on the Single Euro Payments Area. Visa Europe will become a minority shareholder in the global company, while Visa Inc. will also have a minority investment interest in Visa Europe.
Jan Lidén, Chairman of the Board of Directors of Visa Europe, said, "Visa is well aware that the European market has its own unique characteristics and needs to be tailored in a specific way. This is a European-style solution for the European market , it will benefit all our stakeholders, including our member banks and their customers – retailers and consumers, and it will also support the European Commission’s goal of creating a Europe-wide payments system.” < /p>
The reorganized new company will be expected to enhance Visa's global collaboration capabilities and accelerate product development and innovation, while maintaining Visa's advantages in local market expertise and execution capabilities. Ultimately, Visa expects the newly formed company to continue to meet local market needs while improving its ability to serve global customers. Within the newly formed global company, Visa will remain committed to maintaining the highest levels of versatility, reliability and security.
Cang Boren said, "Visa's plan takes into account global efficiency and the particularity of the European business and economic environment. It can be said to take the best of both worlds. The new company will differentiate us from other global brand, and at the same time, we will further enhance Visa's competitiveness with the help of our two global assets of "brand and network"." [Edit this paragraph] Visa Asia Pacific Business Visa International's Asia Pacific business is headquartered in Singapore and has more than 700 affiliates. A financial institution that supports Visa, the world's leading payment brand and largest payment system. Visa's Asia Pacific business is the world's leading payment brand and the largest payment system. Visa International's Asia-Pacific members rely on Visa's processing system, VisaNet, to process more than US$504 billion worth of transactions every year, with near-100% reliability.
Consumers in the Asia-Pacific region have more than 246 million Visa-branded smart cards, credit cards, debit cards, commercial cards and stored-value cards, which can be used at 24 million merchant transaction points around the world. use. Visa itself will not issue cards or provide financial services directly to consumers and merchants, but will focus on developing new payment products and technologies on behalf of member institutions.
bOlympic Sponsor
Since the 1988 Winter Games, Visa has been the electronic payment method for various Olympic revenue and Olympic-related transactions. Visa's current contract with the International Olympic Committee (IOC) as the sole payment card will run until 2012.
Supplementary explanation:
Other explanations of VISA:
1. If VISA means [visa], visa is not an abbreviation.
The word originates from Latin, and the original roots vis and vid mean to see. To explain, the general meaning of visa is [(the document has been) seen. The document has been seen.
The veni, vidi, and vici that Caesar said are "I came, I saw, I conquered." Among them is the root word vid.
2. VISA is the abbreviation of vancomycin intermediate S.aureus in English, and the Chinese translation is vancomycin intermediate-resistant Staphylococcus aureus.
The standard for judging the sensitivity of bacteria to vancomycin. The American Clinical Laboratory Standards Committee stipulates that the minimum inhibitory concentration (MIC) ≤4 μg/ml is sensitive, MIC≥32 μg/ml is resistant, and MIC=8~16 μg /ml is moderately resistant. Therefore, Staphylococcus aureus with vancomycin MIC between 8 and 16 μg/ml is called VISA. The name VISA originated from the discovery of methicillin-resistant Staphylococcus aureus with vancomycin MIC=8μg/ml in Japan and the United States in 1996 and 1997 respectively. This strain does not have a vancomycin resistance gene and does not show high resistance (MIC>32 μg/ml). The VISA findings suggest the possible emergence of highly vancomycin-resistant Staphylococcus aureus. To detect VISA, the laboratory must conduct a dilution method drug susceptibility test, and the disk diffusion method may miss the test.
3. VISA (Virtual Instrument Software Architecture, hereinafter referred to as "VISA") is an advanced application programming interface developed by National Instruments (National Instruments) to communicate with various instrument buses. . VISA bus 1/() software is a comprehensive software package that is not limited by platform, bus or environment and can be used to configure, program and debug USB, GPIB, serial port, VXI, PXI and Ethernet systems. VISA is virtual instrument system I/O interface software. VISA based on the bottom-up structural model creates a unified form of I/O control function set. On the one hand, for beginners or designers of simple tasks, VISA provides a simple and easy-to-use control function set, which is quite simple in application form; on the other hand, for builders of complex systems, VISA provides Very powerful instrument control functions and resource management.