credit one bank platinum visa canada

We'll direct you to the application you're eligible for based on your Prime to me and since Chase is one of the most unethical banks I've researched. In most cases, you can find something less expensive if you opt for a secured credit card. Credit One Bank® Platinum Visa® for Rebuilding Credit. The Credit One Bank® Platinum Visa® is a decent unsecured credit card for people with fair credit that offers 1% cash back on eligible purchases and charges.

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Credit One Bank Platinum Visa® Perks – Gasoline

Credit one bank platinum visa canada -

MARRIOTT BONVOY™ CREDIT CARDS

Accelerate Your Rewards

  • Earn 6 points for each dollar of eligible purchases at hotels participating in the Marriott Bonvoy® program. 
  • Earn 4 points at U.S. restaurants, at U.S. gas stations, on wireless telephone services purchased directly from U.S. service providers and on U.S. purchases for shipping.
  • Earn 2 points on all other eligible purchases.

 

2 Free Night Awards

Receive 1 Free Night Award every year after your Card account anniversary. Plus, earn an additional Free Night Award after you spend $60K in purchases on your Card in a calendar year. Awards can be used for one night (redemption level at or under 35,000 Marriott Bonvoy points) at a participating hotel. Certain hotels have resort fees.

Complimentary Marriott Bonvoy Silver Elite Status

Enjoy complimentary Silver Elite status with your Card.

Earn Marriott Bonvoy Gold Elite Status

After you make $35,000 in eligible purchases on your Card in a calendar year.

15 Elite Night Credits

Receive 15 Elite Night Credits each calendar year towards the next level of Marriott Bonvoy Elite status. Limitations apply per Marriott Bonvoy member account. Benefit is not exclusive to Cards offered by American Express. Terms Apply.

   Offer & Benefit Terms 

Источник: https://www.marriott.com/loyalty/earn/credit-card-rewards.mi
Visa Inc". pressreleases.visa.com. Retrieved June 24, 2016.
  • ^"Visa is acquiring Plaid for $5.3 billion, 2x its final private valuation". TechCrunch. Retrieved January 13, 2020.
  • ^"With Plaid Acquisition, Visa Makes A Big Play for the 'Plumbing' That Connects the Fintech World". Fortune. Retrieved January 28, 2020.
  • ^"What Plaid's $5.3 Billion Acquisition Means For The Future Of Fintech And Open Banking". finance.yahoo.com. Retrieved March 22, 2020.
  • ^Demos, Telis (January 14, 2020). "Visa's Bet on Plaid Is Costly but Necessary". The Wall Street Journal. ISSN 0099-9660. Retrieved March 22, 2020.
  • ^"Payments giant Visa acquiring crypto-serving fintech firm, Plaid". Invezz. January 14, 2020. Retrieved March 22, 2020.
  • ^"Visa to acquire crypto-serving fintech unicorn Plaid for $5.3B". finance.yahoo.com. Retrieved March 22, 2020.
  • ^Noonan, Laura (November 5, 2020). "US justice department sues to block Visa's $5.3bn Plaid takeover". Financial Times. Retrieved November 6, 2020.
  • ^Reuters Staff (November 5, 2020). "U.S. sues Visa to block its acquisition of Plaid". Reuters. Retrieved November 7, 2020.
  • ^"Visa: Crypto API Program Makes Crypto An Economic Empowerment Tool". PYMNTS. February 3, 2021. Retrieved February 4, 2021.
  • ^"Visa Expands Digital Currency Roadmap with First Boulevard". Visa. February 3, 2021. Retrieved February 4, 2021.
  • ^"Visa Moves to Allow Payment Settlements Using Cryptocurrency". NDTV Gadgets 360. Retrieved March 30, 2021.
  • ^"Visa Launches Foundation with Inaugural Grant to Women's World Banking".
  • ^"Visa has launched an Accelerator Program for Fintech startups across Asia Pacific". Startup News, Networking, and Resources Hub

    The best Credit One credit cards

    You may be familiar with popular credit card issuers such as Capital One, Discover, Chase, Citi and American Express. But there are also some less well-known banks that issue credit cards.

    New to The Points Guy? Sign up for our TPG daily newsletter and check out our updated beginner’s guide.

    One such bank is Credit One Bank, which currently offers seven cash-back rewards credit cards. Some of these credit cards are targeted toward consumers with average to excellent credit scores, while others are designed for consumers who are working to build or repair their credit. Let’s take a closer look at Credit One’s credit cards.

    Best Credit One credit cards for 2020

    Comparing the best Credit One credit cards

    The information for the Vegas Golden Knights Credit Card has been collected independently by The Points Guy. The card details on this page have not been reviewed or provided by the card issuer.

    In This Post

     

    More details on the best Credit One credit cards

    Let’s take a look at the details of each of the Credit One credit cards currently accepting applications.

    Platinum Rewards Visa: Best for cash-back rewards

    (Photo by John Gribben for The Points Guy)

    Why this is the best for cash-back rewards: You can earn 5% cash back on select purchases, as well as 1% cash back on all other purchases.

    Rewards rate: Earn 5% cash-back rewards on the first $5,000 of eligible gas, grocery, internet, cable, satellite TV and mobile phone service purchases each year, then 1% thereafter. Earn unlimited 1% cash-back rewards on all other purchases you make with this card.

    Annual fee: $95

    Credit level: Average to excellent

    Benefits:

    • Get up to 10% More Cash Back Rewards from participating merchants
    • Free online access to your Experian credit score every month
    • Zero fraud liability protects you against any unauthorized charges if your card is lost or stolen
    • Choose your payment due date
    • Access to Visa Offers and Perks

    Who should apply: 5% cash back on select purchases may be appealing, especially if you don’t have a good enough credit score to be approved for some of the more popular cash-back rewards credit cards. If you max out the 5% bonus categories each year you’ll get $250 of cash back on $5,000 in eligible purchases. But, especially if you don’t spend that much in the card’s bonus categories or frequently make purchases outside of the 5% bonus categories, you may be better off with a different card.

    Further reading: The best cash-back credit cards for each bonus category

    Platinum Rewards Visa with No Annual Fee: Best for cash-back rewards with no annual fee

    (Photo by John Gribben for The Points Guy)

    Why this is the best for cash-back rewards with no annual fee: You can earn 2% cash back on select purchases with no annual fee. Granted, this isn’t great when compared to cards outside the Credit One portfolio.

    Rewards rate: Earn 2% cash-back rewards on eligible gas and grocery purchases as well as mobile phone, internet, cable and satellite TV services.

    Annual fee: None

    Credit level: Average to excellent

    Benefits:

    • Get up to 10% More Cash Back Rewards from participating merchants
    • Free online access to your Experian credit score every month
    • Zero fraud liability protects you against any unauthorized charges if your card is lost or stolen
    • Choose your payment due date
    • Access to Visa Offers and Perks

    Who should apply: If you don’t have good enough credit to be approved for a no-annual-fee cash back card that earns 2% back on all purchases (1% when you buy and 1% when you pay) such as the Citi® Double Cash Card, then Credit One’s Platinum Rewards Visa with No Annual Fee may be a good choice. But it’s worth considering whether it’s worth paying the $95 annual fee on the Platinum Rewards Visa to get higher earning rates.

    Further reading: What credit score do you need to get the Citi Double Cash Card?

    Credit One Bank American Express Card: Best for shopping

    (Photo by John Gribben for The Points Guy)

    Why this is the best for shopping: The Credit One Bank American Express Card has access to Amex’s shopping protections such as purchase protection, extended warranty protection and return protection — as well as access to Amex Offers that can save you money.

    Rewards rate: Earn unlimited 1% cash-back rewards on all purchases

    Annual fee: $39

    Credit level: Average to excellent

    Benefits:

    • Access to Amex Offers
    • Purchases made with your card are covered by:
      • Retail protection, which protects a covered item purchased entirely with the card against accidental damage and theft for 90 days from the date of purchase
      • Extended warranty protection, which extends the terms of original manufacturers’ warranties (of 12 months or less) on a covered product purchased entirely with the card for a period of time equal to the duration of the original manufacturer’s warranty, up to one additional year, on products purchased in the United States
      • Return protection, which enables covered cardmembers to be reimbursed for covered items if they attempt to return them undamaged to the retailer, but the retailer will not accept the return
    • Get up to $150,000 in travel accident insurance coverage when you travel using your card
    • Get car rental loss and damage insurance that provides coverage against damage to or loss of a rental automobile rented in the U.S. or Canada with your card
    • Free online access to your Experian credit score every month
    • Zero fraud liability protects you against any unauthorized charges if your card is lost or stolen
    • Choose your payment due date
    • Pre-sale ticket access to select concert, theater and sporting events nationwide all year long

    Who should apply: If your credit score isn’t high enough to be approved for more popular American Express credit cards that offer better earning opportunities, the Credit One Bank American Express Card could be a good way to gain access to many of the same shopping benefits. These shopping benefits can save you serious money, so it may be worth keeping this card in your wallet just for Amex Offers and purchases where you might need shopping protections.

    Related reading: What credit scores do you need for Amex credit cards?

    Credit One Bank Visa Cash Back Rewards: Best for consumers with average credit

    (Photo by John Gribben for The Points Guy)

    Why this is the best for average credit: If you have average credit, this card may be one of the few credit cards in the Credit One portfolio for which you’ll be pre-qualified.

    Rewards rate: Earn 1% cash-back rewards on eligible gas and grocery purchases as well as mobile phone, internet, cable and satellite TV services

    Annual fee: $39

    Credit level: Average

    Benefits:

    • Get up to 10% More Cash Back Rewards from participating merchants
    • Free online access to your Experian credit score every month
    • Zero fraud liability protects you against any unauthorized charges if your card is lost or stolen
    • Choose your payment due date
    • Access to Visa Offers and Perks

    Who should apply: If you are pre-qualified for other Credit One cards, such as the Credit One Bank American Express Card or the Platinum Rewards Visa with No Annual Fee, these cards will be a better choice since they provide either more benefits or a lower annual fee. Likewise, it’s worth considering whether you may be able to be approved for no-annual-fee cash-back cards with higher earning rates, such as the Citi® Double Cash Card or Chase Freedom Unlimited.

    Related reading: How to earn points and miles with fair to poor credit

    Credit One Bank® Platinum Visa® for Rebuilding Credit: Best for rebuilding credit

    (Photo by John Gribben for The Points Guy)

    Why this is the best for rebuilding credit: If you’re working to build or repair your credit and don’t want to use a secured credit card, you may be able to be approved for Credit One’s Card For Rebuilding Credit.

    Rewards rate: Earn 1% cash-back rewards on eligible gas and groceries as well as your monthly mobile phone, internet, cable and satellite TV services

    Annual fee: $75 for the first year, then $99 annually. For some accounts, the annual fee for the second and future years will be divided into 12 equal portions and one portion will be billed each month of the applicable year. For other accounts, the annual fee for the second year and future years will be billed annually.

    Credit level: Rebuilding

    Benefits:

    Who should apply: If you’re looking to build or repair your credit, this card may be one of the few unsecured credit cards for which you can get approved. If you have a low credit score, the Platinum Visa For Rebuilding Credit may be a good alternative to a secured credit card.

    Related reading: Trying to build your credit? Consider these secured credit cards

    Vegas Golden Knights Credit Card: Best for Vegas Golden Knights fans

    Why this is the best for Vegas Golden Knights fans: This card advertises that exclusive deals, discounts and experiences for Vegas Golden Knights fans are coming soon.

    Rewards rate: Earn 1% cash back rewards on eligible purchases, but no definition of eligible purchases is provided.

    Annual fee: $0 to $95 for the first year, then $0 to $99. For some accounts, the annual fee for the second and future years will be divided into 12 equal portions and one portion will be billed each month of the applicable year. For other accounts, the annual fee for the second year and future years will be billed annually. Your annual fee will be based on your creditworthiness.

    Credit level: Rebuilding to excellent

    Benefits:

    • Exclusive deals, discounts and experiences for Vegas Golden Knights fans are coming soon
    • Get up to 10% More Cash Back Rewards from participating merchants
    • Free online access to your Experian credit score every month
    • Zero fraud liability protects you against any unauthorized charges if your card is lost or stolen
    • Choose your payment due date

    Who should apply: Since no exclusive deals, discounts and experiences are currently being provided for Vegas Golden Knights fans, I’d suggest that fans wait to apply until more information is released about these perks. Depending on your annual fee, you may find the card worth having for the exclusive perks, but you’ll probably also want another card to earn better rewards on most of your purchases.

    Related reading: The best credit cards for sports fans

    How we chose the best Credit One credit cards

    Credit One only offers seven credit cards, so I compared all of the Credit One cards in this guide. The best card for you will depend on your credit score, what type of annual fee you’re comfortable paying and what type of perks you value.

    Related reading: How to choose the right credit card for you

    Pros and cons of Credit One credit cards

    Credit One credit cards can provide a rewards-earning option for consumers who don’t have strong enough credit to be approved for many of the top rewards credit cards. Here are some of the positives of Credit One credit cards:

    • Options for various levels of credit, from rebuilding to excellent
    • All cards provide cash-back rewards
    • All cards provide free online access to your Experian credit score every month
    • All cards offer zero fraud liability if your card is lost or stolen
    • All cardholders receive automatic account reviews for credit line increase opportunities
    • Visa cards offer access to Visa Offers and Perks while Amex cards offer access to Amex Offers
    • All cards offer optional credit protection, which may pay the minimum payment due on your billing statement for up to six benefit payments if the primary cardholder enrolls and then becomes involuntarily unemployed or disabled.

    Even the most competitive of the Credit One cards, the Platinum Rewards Visa, isn’t all that competitive in the cash-back credit cards landscape though. Here are some of the primary negatives of Credit One credit cards:

    • The earning rates aren’t competitive, especially considering the annual fees
    • The perks and protections on these cards aren’t competitive, especially if you travel frequently
    • All cards charge foreign transaction fees when you use your card outside the U.S. of either $1 or 3% of each purchase in U.S. dollars, whichever is greater
    • The earning rate and annual fee you’ll be charged isn’t transparent during the pre-qualification and application process for some cards
    • Some cards may not offer a grace period for paying interest, in which case interest would be charged on purchases from the posting date

    Related reading: How to apply for a credit card

    Frequently asked questions about Credit One credit cards

    How do I apply for a Credit One credit card?

    Unless you happen to have a pre-approved offered that you received in the mail, you’ll need to see if you pre-qualify on the Credit One website before you can apply. To see if you are pre-qualified, you’ll need to enter your first name, last name and the last four digits of your social security number. Credit One then may present you some offers or you may need to enter more information to receive offers.

    Related reading: How to find the best pre-qualified credit card offers

    Where can I pay my Credit One credit card?

    You can pay your Credit One credit card bill online using a linked bank account or a debit card, or you can mail your payment along with the payment coupon attached to your monthly statement. You also could send your payment using MoneyGram’s ExpressPayment service or Western Union, but both of these companies charge fees for sending money.

    Related reading: The right way to pay your credit card bills

    How do I pay my Credit One bill online?

    To pay your Credit One bill online, you’ll need to log in to your Credit One account and make a payment using a linked bank account or a debit card.

    Related reading: 6 simple rules to stay out of credit card debt

    What credit score do you need for a Credit One credit card?

    Credit One offers seven different cards. Some Credit One cards may accept consumers who are working to build or repair their credit, while other Credit One cards require between average and excellent credit.

    Related reading: How to recession-proof your credit score

    What is the maximum credit line for Credit One?

    The minimum credit line on most Credit One credit cards is $300. However, there is no published maximum credit line for Credit One. If you are approved for a card, Credit One will inform you of your credit limit.

    Related reading: Don’t be surprised if banks start cutting credit limits in the coming months

    Does Credit One give credit limit increases?

    Yes, Credit One accounts are automatically reviewed for credit line increase eligibility. However, if you’d like to request a credit line increase you can call Credit One’s customer service department at 1-877-825-3242 for more information.

    Related reading: How to increase your credit limit

    Should I enroll in Credit One’s credit protection program?

    All Credit One credit cards offer optional credit protection, which will pay the minimum payment due on your billing statement for up to six benefit payments if the primary cardholder enrolls and then becomes involuntarily unemployed or disabled. Credit protection cancels the full balance (up to $10,000) in the event of death.

    The monthly cost of optional credit protection is $0.96 for each $100, or part thereof, of the new balance on your monthly billing statement. If you take advantage of the optional credit protection, you’ll continue to accrue interest and other fees during the benefit period but you will not be able to use your account for any purpose. So, for most cardholders, it will be best to turn down the optional credit protection program and instead work on creating an emergency fund.

    Related reading: 7 ways to improve your finances in 1 week

    Is Credit One Bank a legitimate company?

    Yes, Credit One Bank is a financial services company based in Las Vegas, Nevada.

    Related reading: Credit card fraud: How to spot and report it

    Bottom line

    Credit One currently advertises seven cash-back rewards credit cards. Although these cards can’t compete with some of the top cash back credit cards that are available to consumers with excellent credit, they may provide a middle ground between secured credit cards and top rewards credit cards.

    Featured photo by Eric Helgas/The Points Guy.

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    Welcome to The Points Guy!

    Katie Genter is a location independent digital nomad who has traveled full-time since June 2017. Her focus at TPG is points, miles, loyalty and credit cards.
    Источник: https://thepointsguy.com/guide/top-credit-one-credit-cards/

    At Experian, one of our priorities is consumer credit and finance education. This post may contain links and references to one or more of our partners, but we provide an objective view to help you make the best decisions. For more information, see our Editorial Policy.

    You generally can get cash back from your credit card by making eligible purchases and then requesting your rewards as a statement credit, check or transfer to an eligible bank account. Depending on your card and the rewards program, you may also be able to set up automatic redemptions. However, you may need to earn a certain amount of rewards before cashing out.

    How Do Cash Back Credit Cards Work?

    Cash back credit cards are a type of rewards credit card you can use to earn cash back when you make eligible purchases. Your rewards will build up in your account, and you may be able to redeem them in several ways.

    Most purchases made with a cash back credit card will qualify for rewards, but read your card's rates and terms page or cardholder agreement for the list of possible exemptions. Certain types of transactions may be excluded, such as:

    • Credit card fees
    • Interest charges
    • Balance transfers
    • Cash advances
    • Unauthorized purchases
    • Purchases related to illegal activity
    • Cash-like purchases, such as travelers checks, prepaid cards, money orders, wire transfers or foreign currencies
    • Gambling-related purchases, such as lottery tickets or casino chips
    • Transactions that are currently in dispute
    • The amount of a transaction that's refunded or offset by a statement credit

    If your purchase is eligible, the amount you'll earn in cash back will depend on your card, how much you spend and where you make your purchase.

    With some credit cards, for example, you'll earn a flat rate, such as 1.5% cash back on all eligible purchases. Other cards have tiered rewards with bonus cash back on certain purchases and a base 1% cash back on non-bonus purchases.

    How to Redeem Cash Back Rewards

    Depending on your cash back card and the program, you may have several options to redeem your cash back rewards. You can:

    • Receive a statement credit. The cash back gets applied to your credit card's balance.
    • Request a check. The issuer sends you a check for your cash back rewards.
    • Transfer rewards to a bank account. The rewards are electronically transferred into a linked bank account. However, you may need a bank account with the card's issuer to use this option.
    • Use your cash rewards as rewards points. Some cash back cards are linked to their issuer's rewards program, allowing you to convert them into points or use them as points instead of requesting cash back.

    Check your card's details to see if there's a minimum threshold for redeeming your rewards. This could vary depending on the redemption option. For example, you may be able to request a check once you have $25 in rewards, or make a transfer to a bank account from the same issuer if you have $20 or more.

    Also, know that choosing the statement credit option may lead to earning less rewards overall. With some programs, you only earn cash back on your net purchases—your purchase balance minus returns and credits. In these cases, you may want to request a check or bank transfer to ensure you'll earn cash back from all your eligible purchases.

    How to Get a Cash Back Credit Card

    Many credit card issuers offer cash back credit cards, and there are options available to those with poor credit or are new credit and excellent credit (such as the Chase Freedom®).

    Once you find a card you like, applying is no different from applying for a non-rewards card. You can often fill out an online application and submit it online. Once you apply, the card issuer will likely perform a hard inquiry on your credit report to check your creditworthiness, which can lead to a small drop in your credit scores. If you're approved, the issuer will send you the card in the mail and you can start using it to earn cash back rewards.

    Finding the Best Cash Back Card

    Finding the best cash back card for your wallet will depend on which cards you can qualify for, what types of rewards program you want to use and how much you usually spend with credit cards.

    Ask yourself these questions to narrow down your choices:

    • Do you want a flat-rate rewards card or one that offers bonus cash back on certain purchases?
    • Are you willing to pay an annual fee for a higher rewards rate? If so, calculate how much you expect to earn from the rewards to make sure the fee is worth it.
    • Do you regularly pay off your bill in full? If not, a cash back card with a high interest rate might be worse overall than a low-rate card that doesn't offer rewards.

    With your answers in mind, you can start comparing cards from different issuers to see which one matches your needs. You can also use a tool, such as Experian CreditMatchTM, to quickly compare cards and filter the results based on your credit, card fees and types of rewards.

    Источник: https://www.experian.com/blogs/ask-experian/how-do-i-redeem-cash-back-rewards-from-my-credit-card/

    Credit One Bank

    Credit One Bank

    Credit One Bank N.A. (or Credit One), based in Las Vegas, Nevada, is one of the leading issuers of VISA credit cards in the United States. Credit One's cards are even available to those who have had credit problems in the past and those who may have little credit history. The company was founded on July 30, 1984 under the name First National Bank of Marin (FNBM) in San Rafael, California. In 2005, it was sold to Sherman Financial Group and changed its name to Credit One Bank. Issuing both VISA and MasterCard credit cards, Credit One serves more than 7 million cardholders across the country and employs over 600 people. Credit One is headquartered in Las Vegas, Nevada and has no branch offices. The Bank's customers can manage their account online 24/7. As of March 31, 2018, the company had total assets of $323.7 million.

    Credit One Bank credit cards:

    Cash Back Rewards Visa
    (1% cash back on eligible purchases)

    Platinum Visa for Rebuilding Credit
    (No deposit requirements and opportunities to build your credit)

    Official NASCAR Visa
    (1% cash back on eligible purchases, double cash back at the nascar.com)

    Headquarters address:
    585 Pilot Road
    Las Vegas, Nevada 89119
    United States
    Phone: 702-269-1000
    Fax: 702-269-1260
    FDIC Certificate number: 25620
    Routing number: 122402133
    Website: www.creditonebank.com

    Источник: https://www.relbanks.com/usa/credit-one-bank
    Network Computing". www.networkcomputing.com. May 29, 2013. Retrieved May 1, 2016.
  • ^Swartz, Jon (March 25, 2012). "Top secret Visa data center banks on security, even has moat". USA Today. Retrieved February 20, 2017.
  • ^"History of Visa". Archived from the original on October 3, 2014. Retrieved March 19, 2013.
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  • ^ abcNocera, 24.
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  • ^Stearns, David L. (2011). Electronic Value Exchange: Origins of the Visa Electronic Payment System. London: Springer. p. 24. ISBN . Available through SpringerLink.
  • ^ abStearns, David L. (2011). Electronic Value Exchange: Origins of the Visa Electronic Payment System. London: Springer. p. 25. ISBN . Available through SpringerLink.
  • ^The Unsolicited Credit Card Act of 1970 amended the Truth in Lending Act of 1968 to ban the mailing of unsolicited credit cards. It is now codified at 15 U.S.C. § 1642.
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  • ^"BofA resurrects Bankamericard brand", San Francisco Business Times.
  • ^Visa, Inc. Corporate SiteArchived February 4, 2007, at the Wayback Machine.
  • ^"Visa plans stock market flotation", BBC News – Business, October 12, 2006.
  • ^Bawden, Tom. "Visa plans to split into two and float units for $13bn.", The Times, October 12, 2006.
  • ^Bruno, Joel Bel. "Visa Reveals Plan to Restructure for IPO", Associated Press, June 22, 2007.
  • ^"Visa, Inc. Complete Global Restructuring"Archived December 13, 2007, at the Wayback Machine, Visa, Inc. Press Release, October 3, 2007.
  • ^"Visa files for $10 billion IPO", Reuters, November 9, 2007.
  • ^"Visa plans a $19 billion initial public offering". The Economist. February 25, 2008.
  • ^Benner, Katie. "Visa's $15 billion IPO: Feast or famine?", Fortune via CNNMoney, March 18, 2008.
  • ^"Visa Inc. Announces Exercise of Over-Allotment Option", Visa Inc. Press Release, March 20, 2008. Archived July 21, 2012, at archive.today
  • ^"Visa IPO Seeks MasterCard Riches"Archived February 7, 2008, at the Wayback Machine, TheStreet.com, February 2, 2008.
  • ^"Visa Europe members exploring sale to Visa – WSJ". Reuters. March 19, 2013. Retrieved July 18, 2013.
  • ^"FAQs". Visaeurope.com. Retrieved July 18, 2013.
  • ^"Press Release – Visa Inc. to Acquire Visa Europe". Visaeurope.com. Retrieved November 5, 2015.
  • ^"Visa Inc. Reaches Preliminary Agreement to Amend Transaction With Visa Europe". Visa Inc. April 21, 2016. Retrieved April 25, 2016.
  • ^"Press Release

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    Add Credit one bank platinum visa canada to your mobile wallet and enjoy the convenience and security of contactless payments

    • Security — Your card number isn't stored on the device.
    • Wide Acceptance — Mobile payments can be used at many stores and in apps.
    • Ease — Pull out your phone to pay.

    Learn more about mobile payments

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    Contactless payment with U.S. Bank Platinum credit card

    Fraud Protection

    Detects and notifies you of any unusual card activity to help prevent fraud.

    Your Credit Score

    View your credit score anytime, anywhere in the mobile app or online banking. It's easy to enroll, easy to use, and free to U.S. Bank customers.2

    Contactless

    Pay with a tap. Use your Platinum card for contactless payments wherever you see the Contactless Symbol.

    Choose Your Payment Due Date

    Everyone’s schedule is different. So it's handy to be able to pick when your payment is due.3

    24/7 Account Access

    Use Online Banking or the U.S. Bank Mobile App to make a payment, check your balance, view transactions and much more.

    AutoPay

    Avoid interest and late fees with automatic payments that put you in control. It can also help you pay down a balance faster.

    Digital Wallet

    Add the Visa Platinum Card to your digital wallet. Convenient and secure, you can pay with just a tap.

    Источник: https://www.usbank.com/credit-cards/visa-platinum-credit-card.html

    Visa Inc.

    American multinational financial services corporation

    "VISA" redirects here. For the document needed to enter a country's territory, see Travel visa. For other uses, see Visa (disambiguation).

    Visa Inc. (; stylized as VISA) is an American multinationalfinancial services corporation headquartered in Foster City, California, United States.[4] It facilitates electronic funds transfers throughout the world, most commonly through Visa-branded credit cards, debit cards and prepaid cards.[5] Visa is one of the world's most valuable companies.

    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 2015, the Nilson Report, a publication that tracks the credit card industry, found that Visa's global network (known as VisaNet) processed 100 billion transactions 4 letter girl names that start with m 2014 with a total volume of US$6.8 trillion.[6]

    It was launched in September 1958 by Bank of America (BofA) as the BankAmericard credit card program.[1] In response to competitor Master Charge (now Mastercard), BofA began to license the BankAmericard program to other financial institutions in 1966.[7] By 1970, BofA gave up direct control of the BankAmericard program, forming a consortium with the other various BankAmericard issuer banks to take over its management. It was then renamed Visa in 1976.[8]

    Nearly all Visa transactions worldwide are processed through the company's directly operated VisaNet at one of four secure data centers, located in Ashburn, Virginia; Highlands Ranch, Colorado; London, England; and Singapore.[9] These facilities are heavily secured against natural disasters, crime, and terrorism; can operate independently of each other and from external utilities if necessary; and can handle up to 30,000 simultaneous transactions and up to 100 billion computations every second.[10][6][11]

    Visa is the world's second-largest card payment organization (debit and credit cards combined), after being surpassed by China UnionPay in 2015, based on annual value of card payments transacted and number of issued cards. However, because UnionPay's size is based primarily on the size of its domestic market in China, Visa is still considered the dominant banking card company in the rest of the world, where it commands a 50% market share of total card payments.

    History[edit]

    Old "Your BankAmericard Welcome Here" sign
    A 1976 ad promoting the change of name to "Visa". Note the early Visa card shown in the ad, as well as the image of the BankAmericard that it replaced.

    On September 18, 1958, Bank of America (BofA) officially launched its BankAmericard credit card program in Fresno, California.[1] In the weeks leading up to the launch of BankAmericard, BofA had saturated Fresno mailboxes with an initial mass mailing (or "drop", as they came to be called) of 65,000 unsolicited credit cards.[1][13] BankAmericard was the brainchild of BofA's in-house product development think tank, the Customer Services Research Group, and its leader, Joseph P. Williams. Williams convinced senior BofA executives in 1956 to let him pursue what became the world's first successful mass mailing of unsolicited credit cards (actual working cards, not suntrust bank checking account bonus applications) to a large population.[14]

    Williams' pioneering accomplishment was that he brought about the successful implementation of the all-purpose credit card (in the sense that his project was not canceled outright), not in coming up with the idea.[15] By the mid-1950s, the typical middle-class American already maintained revolving credit accounts with several different merchants, which was clearly inefficient and inconvenient due to the need to carry so many cards and pay so many separate bills each month.[16] The need for a unified financial instrument was already evident to the American financial services industry, but no one could figure out how to do it. There were already charge cards like Diners Club (which had to be paid in full at the end of each billing cycle), and "by the mid-1950s, there had been at least a dozen attempts to create an all-purpose credit card."[16] However, these prior attempts had been carried out by small banks which lacked the resources to make them work.[16] Williams and his team studied these failures carefully and believed they could avoid replicating those banks' mistakes; they also studied existing revolving credit operations at Sears and Mobil Oil to learn why they were successful.[17] Fresno was selected for its population of 250,000 credit one bank platinum visa canada enough to make a credit card work, small enough to control initial startup cost), BofA's market share of that population (45%), and relative isolation, to control public relations damage in case the project failed.[18]

    Visa logo from July 1, 1992 to 2000

    Visa logo used from July 1, 1992 to 2000

    Visa logo from August 1998 to 2006

    Visa logo used from August 1998 to 2005

    Visa logo from late 2005 to May 2015

    Visa logo used from late 2005 to May 2015

    Visa logo from January 2014 to July 2021

    Visa logo used from January 2014 to July 2021

    Visa logo since July 2021

    Visa logo used since July 2021

    Visa acceptance logo used since early 2015

    Visa acceptance logo from early 2015 (used only in certain Asian, American and European markets)

    The 1958 test at first went smoothly, but then BofA panicked when it confirmed rumors that another bank was about to initiate its own drop in San Francisco, BofA's home market.[19] By March 1959, drops began in San Francisco and Sacramento; by June, BofA was dropping cards in Los Angeles; by October, the entire state of California had been saturated with over 2 million credit cards and BankAmericard was being accepted by 20,000 merchants.[20] However, the program was riddled with problems, as Williams (who had never worked in a bank's loan department) had been too earnest and trusting in his belief in the basic goodness of the bank's customers, and he resigned in December 1959.[21] Twenty-two percent of accounts were delinquent, not the 4% expected, and police departments around the state were confronted by numerous incidents of the brand new crime of credit card fraud.[22] Both politicians and journalists joined the general uproar against Bank of America and its newfangled credit card, especially when it was pointed out that the cardholder agreement held customers liable for all charges, even those resulting from fraud.[23] BofA officially lost over $8.8 million on the launch of BankAmericard, but when the full cost of advertising and overhead was included, the bank's actual loss was probably around $20 million.[23]

    However, after Williams and some of his closest associates left, BofA management realized that BankAmericard was salvageable.[24] They conducted a "massive effort" to clean up after Williams, imposed proper financial controls, published an open letter to 3 million households across the state apologizing for the credit card fraud and other issues their card raised and eventually were able to make the new financial instrument work.[25] By May 1961, the BankAmericard program became profitable for the first time.[26] At the time, BofA deliberately kept this information secret and allowed then-widespread negative impressions to linger in order to ward off competition.[27] This strategy worked until 1966, when BankAmericard's profitability had become far too big to hide.[27]

    The original goal of BofA was to offer the BankAmericard product across California, but in 1966, BofA began to sign licensing agreements with a group of banks outside of California, in response to a new competitor, Master Charge (now MasterCard), which had been created by an alliance of several regional bankcard associations to compete against BankAmericard. BofA itself (like all other U.S. banks at the time) could not expand directly into other states due to federal restrictions not repealed until 1994. Over the following 11 years, various banks licensed the card system from Bank of America, thus forming a network of banks backing the BankAmericard system across the United States.[7] The "drops" of unsolicited credit cards continued unabated, thanks to BofA and its licensees and competitors until they were outlawed in 1970,[28] but not before over 100 million credit cards had been distributed into the American population.[29]

    During the late 1960s, BofA also licensed the BankAmericard program to banks in several other countries, which began issuing cards with localized brand names. For example:[citation needed]

    • In Canada, an alliance of banks (including Toronto-Dominion Bank, Canadian Imperial Bank of Commerce, Royal Bank of Canada, Banque Canadienne Nationale and Bank of Nova Scotia) issued credit cards under the Chargex name from 1968 to 1977.
    • In France, it was known as Carte Bleue (Blue Card). The logo still appears on many French-issued Visa cards today.
    • In Japan, The Sumitomo Bank issued BankAmericards through the Sumitomo Credit Service.
    • In the UK, the only BankAmericard issuer for some years was Barclaycard. The branding still exists today, but is used not only on Visa cards issued by Barclays, but on its MasterCard and American Express cards as well.[30]
    • In Spain until 1979 the only issuer was Banco de Bilbao.

    In 1968, a manager at the National Bank of Commerce (later Rainier Bancorp), Dee Hock, was asked to supervise that bank's launch of its own licensed version of BankAmericard in the Pacific Northwest market. Although Bank of America had cultivated the public image that BankAmericard's troubled startup issues were now safely in the past, Hock realized that the BankAmericard licensee program itself was in terrible disarray because it had developed and grown very rapidly in an ad hoc fashion. For example, "interchange" transaction issues between banks were becoming a very serious problem, which amazon hub locker boston not been seen before when Bank of America was the sole issuer of BankAmericards. Hock suggested to other licensees that they form a committee to investigate and analyze the various problems with the licensee program; they promptly made him the chair of that committee.[31]

    After lengthy negotiations, the committee led by Hock was able to persuade Bank of America that a bright future lay ahead for BankAmericard — outside Bank of America. In June 1970, Bank of America gave up control of the BankAmericard program. The various BankAmericard issuer banks took control of the guaranty, creating National BankAmericard Inc. (NBI), an independent Delaware corporation which would be in charge of managing, promoting and developing the BankAmericard system within the United States. In other words, BankAmericard was transformed from a franchising system into a jointly controlled consortium or alliance, like its competitor Master Charge. Hock became NBI's first president and CEO.[32]

    However, Bank of America retained the right to directly license BankAmericard to banks outside the United States and continued to issue and support such licenses. By 1972, licenses had been granted in 15 countries. The credit one bank platinum visa canada licensees soon encountered a variety of problems with their licensing programs, and they hired Hock as a consultant to help them restructure their relationship with BofA as he had done for the domestic licensees. As a result, in 1974, the International Bankcard Company (IBANCO), a multinational member corporation, was founded in order to manage the international BankAmericard program.[33]

    In 1976, the directors of IBANCO determined that bringing the various international networks together into a single network with a single name internationally would be in the best interests of the corporation; however, in many countries, there was still great reluctance to issue a card associated with Bank of America, even though the association was entirely nominal in nature. For this reason, in 1976, BankAmericard, Barclaycard, Carte Bleue, Chargex, Sumitomo Card, and all other licensees united under the new name, "Visa", which retained the distinctive blue, white and gold flag. NBI became Visa USA and IBANCO became Visa International.[8]

    The term Visa was conceived by the company's founder, Dee Hock. He believed that the word was instantly recognizable in many languages in many countries and that it also denoted universal acceptance.[34] In October 2007, Bank of America announced it was resurrecting the BankAmericard brand name as the "BankAmericard Rewards Visa".[35]

    Corporate structure[edit]

    Prior to October 3, 2007, Visa comprised four non-stock, separately incorporated companies that employed 6,000 people worldwide: the worldwide parent entity Visa International Service Association (Visa), Visa USA Inc., Visa Canada Association, and Visa Europe Ltd. The latter three separately incorporated regions had the status of group members of Visa International Service Association.[citation needed]

    The unincorporated regions Visa Latin America (LAC), Visa Asia Pacific and Visa Central credit one bank platinum visa canada Eastern Europe, Middle East and Africa (CEMEA) were divisions within Visa.[citation needed]

    Billing and finance charge methods[edit]

    Initially, signed copies of sales drafts were included in each customer's monthly billing statement for verification purposes—an industry practice known as "country club billing"[citation needed]. By the late 1970s, however, billing statements no longer contained these enclosures, but rather a summary statement showing posting date, purchase date, reference number, merchant name, and the dollar amount of each purchase.[citation needed] At the same time, many issuers, particularly Bank of America, were in the process of changing their methods of finance charge calculation. Initially, a "previous balance" method was used—calculation of finance charge on the unpaid balance shown on the prior month's statement. Later, it was decided to use "average daily balance" which resulted in increased revenue for the issuers by calculating the number of days each purchase was included on the prior month's statement. Several years later, "new average daily balance"—in which transactions from previous and current billing cycles were used in the calculation—was introduced. By the early 1980s, many issuers introduced the concept of the annual fee as yet another revenue enhancer.[citation needed]

    IPO and restructuring[edit]

    On October 11, 2006, Visa announced that some of its businesses would be merged and become a publicly traded company, Visa Inc.[36][37][38] Under the IPO restructuring, Visa Canada, Visa International, and Visa USA were merged into the new public company. Visa's Western Europe operation became a separate company, owned by its member banks who will also have a minority stake in Visa Inc.[39] In total, more than 35 investment banks participated in the deal in several capacities, most notably as underwriters.

    On October 3, 2007, Visa completed its corporate restructuring with the formation of Visa Inc. The new company was the first step towards Visa's IPO.[40] The second step came on November 9, 2007, when the new Visa Inc. submitted its $10 billion IPO filing with the U.S. Securities and Exchange Commission (SEC).[41] On February 25, 2008, Visa announced it would go ahead with an IPO of half its shares.[42] The IPO took place on March 18, 2008. Visa sold 406 million shares at US$44 per share ($2 above the high end of the expected $37–42 pricing range), raising US$17.9 billion in what was then the largest initial public offering in U.S. history.[43] On March 20, 2008, the IPO underwriters (including JP Morgan, Goldman Sachs & Co., Banc of America Securities LLC, Citi, HSBC, Merrill Lynch & Co., UBS Investment Bank and Wachovia Securities) exercised their overallotment option, purchasing an additional 40.6 million shares, bringing Visa's total IPO share count to 446.6 million, and bringing the total proceeds to US$19.1 billion.[44] Whats the phone number for now trades under the ticker symbol "V" on the New York Stock Exchange.[45]

    Visa Europe[edit]

    Visa Europe Ltd. was a membership association and cooperative of over 3,700 European banks and other payment service providers[46] that operated Visa branded products and services within Europe. Visa Europe was a company entirely separate from Visa Inc. having gained independence of Visa International Service Association in October 2007 when Visa Inc. became a publicly traded company on the New York Stock Exchange.[47] Visa Inc. announced the plan to acquire Visa Europe on November 5, 2015, creating a single global company.[48] On April 21, 2016, the agreement was amended in response to the feedback of European Commission.[49] The acquisition of Visa Europe was completed on June 21, 2016.[50]

    Acquisition of Plaid[edit]

    On January 13, 2020, Plaid announced that it had signed a definitive agreement to be acquired by Visa for $5.3 billion.[51][52] The deal was double the company's most recent Series C round valuation of $2.65 billion,[53] and was expected to close in the next 3–6 months, subject to regulatory review and closing conditions. According to the deal, Visa would pay $4.9 billion in cash and approximately $400 million of retention equity and deferred equity,[54][55] according to a presentation deck prepared by Visa.[56]

    On November 5, 2020, the United States Department of Justice filed a lawsuit seeking to block the acquisition, arguing that Visa is a monopolist trying to eliminate a competitive threat by purchasing Plaid. Visa said it disagrees with the lawsuit and "intends to defend the transaction vigorously."[57][58]

    Digital Currencies[edit]

    On February 3, 2021, Visa announced a partnership with First Boulevard, a neobank focused on building generational wealth for the Black community. First Boulevard will be first to pilot Visa's new suite of cryptocurrency APIs, which will enable their customers to buy, sell, hold, and trade digital assets held by Anchorage, a federally chartered digital asset bank. The pilot will serve as a key first step in supporting API capabilities that help additional Visa clients access and integrate cryptocurrencies.[59][60]

    On March 29, 2021, Visa announced the acceptance of stable coin USDC to settle transactions on its network.[61]

    Visa Foundation[edit]

    Registered in the United States as a 501(c)(3) entity, the Visa Foundation was created with the mission of supporting inclusive economies. In particular, economies in which individuals, businesses and communities can thrive with the support of grants and investments. Supporting resiliency, as well as the growth, of micro and small businesses that benefit women is a priority of the Visa Foundation. Furthermore, the Foundation prioritizes providing support to the community from a broad standpoint, as well as responding to disasters during crisis.[62]

    Other Initiatives[edit]

    In December 2020, Visa Announced the launch of a new accelerator program across Asia Pacific to further develop the region's financial technology ecosystem.[63] The accelerator program aims to find and partner with startup companies providing financial and payments technologies that could potentially leverage on Visa's network walmart flat screen tv sale in store bank and merchant partners in the region.[64]

    Finance[edit]

    For the fiscal year 2018, Visa reported earnings of US$10.3 billion, with an annual revenue of US$20.61 billion, an increase of 12.3% over the previous fiscal cycle. Visa's shares traded at over $143 per share, and its market capitalization was valued at over US$280.2 billion in September 2018. As of 2018, the company ranked 161st on the Fortune 500 list of the largest United States corporations by revenue.[65]

    Year Revenue
    in mil. USD$
    Net income
    in mil. USD$
    Employees
    2005[66]2,665 360
    2006[66]2,948 455
    2007[66]3,590 −1,076 5,479
    2008[66]6,263 804 5,765
    2009[67]6,911 2,353 5,700
    2010[68]8,065 2,966 6,800
    2011[69]9,188 3,650 7,500
    2012[70]10,421 2,144 8,500
    2013[71]11,778 4,980 9,600
    2014[72]12,702 5,438 9,500
    2015[73]13,880 6,328 11,300
    2016[74]15,082 5,991 11,300
    2017[75]18,358 6,699 12,400
    2018[76]20,609 10,301 15,000
    2019[77]22,977 12,080 19,500
    2020[77]21,846 10,866 20,500

    Criticism and controversy[edit]

    WikiLeaks[edit]

    Visa Europe began suspending payments to WikiLeaks on December 7, 2010.[78] The company said it was awaiting an investigation into 'the nature of its business and whether it contravenes Visa operating rules' – though it did not go into details.[79] In return DataCell, the IT company that enables WikiLeaks to accept credit and debit card donations, announced that it would take legal action against Visa Europe.[80] On December 8, the group Anonymous performed a DDoS attack on visa.com,[81] bringing the site down.[82] Although the Norway-based financial services company Teller AS, which Visa ordered to look into WikiLeaks and its fundraising body, the Sunshine Press, found no proof of any wrongdoing, Salon reported in January 2011 that Visa Europe "would continue blocking donations to the secret-spilling site until it completes its credit one bank platinum visa canada investigation".[79]

    The United NationsHigh Commissioner for Human RightsNavi Pillay stated that Visa may be "violating WikiLeaks' right to freedom of expression" by withdrawing their services.[83]

    In July 2012, the Reykjavík District Court decided that Valitor (the Icelandic partner of Visa and MasterCard) was violating the law when it prevented donations to the site by credit card. It was ruled that the donations be allowed to return to the site within 14 days or they would be fined in the amount of US$6,000 per day.[84]

    Litigation and regulatory actions[edit]

    Anti-competitive conduct in Australia[edit]

    In 2015, the Australian Federal Court ordered Visa to pay a pecuniary penalty of $20 million (including legal fees) for engaging in anti-competitive conduct against dynamic currency conversion operators, in proceedings brought by the Australian Competition and Consumer Commission.[85]

    Antitrust lawsuit by ATM operators[edit]

    In 2011, MasterCard and Visa were sued in a class action by ATM operators claiming the credit card networks' rules effectively fix ATM access fees.[86] The suit claimed that this is a restraint on trade in violation of US federal law. The lawsuit was filed by the National ATM Council and independent operators of automated teller machines. More specifically, it is alleged that MasterCard's and Visa's network rules prohibit ATM operators from offering lower prices for transactions over PIN-debit networks that are not affiliated with Visa or MasterCard. The suit says that credit one bank platinum visa canada price-fixing artificially raises the price that consumers pay using ATMs, limits the revenue that ATM-operators earn, and violates the Sherman Act's prohibition against unreasonable restraints of trade.

    Johnathan Rubin, an attorney for the plaintiffs said, "Visa and MasterCard are the ringleaders, organizers, and enforcers of a conspiracy among U.S. banks to fix the price of ATM access fees in order to keep the competition at bay."[87]

    In 2017, a US district court denied the ATM operators' request to stop Visa from enforcing the ATM fees.[88]

    Debit card swipe fees[edit]

    Visa settled a 1996 antitrust lawsuit brought by a class of U.S. merchants, including Walmart, for billions of dollars in 2003. Over 4 million class members were represented by the plaintiffs. According to a website associated with the suit,[89] Visa and MasterCard settled the plaintiffs' claims for a total of $3.05 billion. Visa's share of this settlement is reported to have been the larger.

    U.S. Justice Department actions[edit]

    In October 2010, Visa and MasterCard reached a settlement with the U.S. Justice Department in another antitrust case. The companies agreed to allow merchants displaying their logos to decline certain types of cards (because interchange fees differ), or to offer consumers discounts for using cheaper cards.[90]

    In 1998, the Department of Justice sued Visa over rules prohibiting its issuing banks from doing business with American Express and Discover. The Department of Justice won its case at trial in 2001 and the verdict was upheld on appeal. American Express and Discover filed suit as well.[91]

    Antitrust issues in Europe[edit]

    In 2002, the European Commission exempted Visa's multilateral interchange fees from Article 81 of the EC Treaty that prohibits anti-competitive arrangements.[92] However, this exemption expired on December 31, 2007. In the United Kingdom, Mastercard has reduced its interchange fees while it is under investigation by the Office of Fair Trading.

    In January credit one bank platinum visa canada, the European Commission issued the results of a two-year inquiry into the retail banking sector. The report focuses on payment cards and interchange fees. Upon publishing the report, Commissioner Neelie Kroes said the "present level of interchange fees in many of the schemes we have examined does not seem justified." The report called for further study of the issue.[93]

    On March 26, 2008, the European Commission opened an investigation into Visa's multilateral interchange fees for cross-border transactions within the EEA as well as into the "Honor All Cards" rule (under which merchants are required to accept all valid Visa-branded cards).[94][needs update]

    The antitrust authorities of EU member states (other than the United Kingdom) also investigated Mastercard's credit one bank platinum visa canada Visa's interchange fees. For example, on January 4, 2007, the Polish Office of Competition and Consumer Protection fined twenty banks a total of PLN 164 million (about $56 million) for jointly setting Mastercard's and Visa's interchange fees.[95][96]

    In December 2010, Visa reached a settlement with the European Union in yet another antitrust case, promising to reduce debit card payments to truist bank near me percent of a purchase.[97] A senior official from the European Central Bank called for a break-up of the Visa/Mastercard duopoly by creation of a new European debit card for use in the Single Euro Payments Area (SEPA).[98] After Visa's blocking of payments to WikiLeaks, members of the European Parliament expressed concern that payments from European citizens to a European corporation could apparently be blocked by the US, and called for a further reduction in the dominance of Visa and Mastercard in the European payment system.[99]

    Payment Credit one bank platinum visa canada 2018 u of m football schedule Fee and Merchant Discount Antitrust Litigation[edit]

    Main article: Payment Card Interchange Fee and Merchant Discount Antitrust Litigation

    On Credit one bank platinum visa canada 27, 2012, a federal judge entered an order granting preliminary approval to a proposed settlement to a class-action lawsuit[100] filed in 2005 by merchants and trade associations against Mastercard and Visa. The suit was filed due to alleged price-fixing practices employed by Mastercard and Visa. About one-quarter of the named class plaintiffs have decided to opt "out of the settlement". Opponents object to provisions that would bar future lawsuits and even prevent merchants from opting out of significant portions of the proposed settlement.[101]

    Plaintiffs allege that Visa and Mastercard fixed interchange fees, also known as swipe fees, that are charged to merchants for the privilege of accepting payment cards. In their complaint, the plaintiffs also alleged that the defendants unfairly interfere with merchants from encouraging customers to use less expensive forms of payment such as lower-cost cards, cash, and checks.[101]

    A settlement of US$6.24 billion has been reached and a court is scheduled to approve or deny the agreement on November 7, 2019.[102]

    High swipe fees in Poland[edit]

    Very high interchange fee for Visa (1.5–1.6% from every transaction's final price, which also includes VAT) in Poland started discussion about legality and need for government regulations of interchange fees to avoid high costs for business (which also block electronic payment market and acceptability of cards).[103] This situation also led to the birth of new methods of payment in the year 2013, which avoid the need for go-between (middleman) companies like Visa or Mastercard, for example mobile application issued by major banks,[104] and system by big chain of discount shops,[105] or older public transport tickets buying systems.[106]

    Confrontation with Walmart over high fees[edit]

    In June 2016, the Wall Street Journal reported that Walmart threatened to stop accepting Visa cards in Canada. Visa objected saying that consumers should not be dragged into a dispute between the companies.[107] In January 2017, Walmart Canada and Visa reached a deal to allow the continued acceptance of Visa.[108]

    Dispute with Kroger over high credit card fees[edit]

    In March 2019, U.S. retailer Kroger announced that its 250-strong Smith's chain would stop accepting Visa credit cards as of April 3, 2019, due to the cards’ high ‘swipe’ fees. Kroger's California-based Foods Co stores stopped accepting Visa cards in August 2018. Mike Schlotman, Kroger's executive vice president/chief financial officer, said Visa had been “misusing its position and charging retailers excessive fees for a long time.” In response, Visa issued a statement saying it was “unfair and disappointing that Kroger is putting shoppers in the middle of a business dispute.”[109] As of October 31, 2019, Kroger has settled their dispute with Visa and is now accepting the payment method.[110]

    Antitrust investigation over debit card practices[edit]

    In March 2021, the United States Justice Department announced its investigation with Visa to discover if the company is engaging in anticompetitive practices in the debit card market. The main question at hand is whether or not Visa is limiting merchants' ability to route debit card transactions over card credit one bank platinum visa canada that are often less expensive, focusing more so on online debit card transactions. The probe highlights the role of network fees, which are invisible to consumers and place pressure on merchants, who mitigate the fees by raising prices of goods for customers. The probe was confirmed through a regulatory filing on March 19, 2021, stating they will be cooperating with the Justice Department. Visa's shares fell more than 6% following the announcement.[111][112][113][114]

    Corporate affairs[edit]

    Headquarters[edit]

    As of October 1, 2012, Visa's headquarters are located in Foster City, California.[2] Visa had been headquartered in San Francisco until 1985, when it moved to San Mateo.[115] Around 1993, Visa began consolidating various scattered offices in San Mateo to a location in Foster City.[115] Visa became Foster City's largest employer.

    In 2009, Visa moved its corporate headquarters back to San Francisco when it leased the top three floors of the 595 Market Street office building, although most of its employees remained at its Foster City campus.[116] In 2012, Visa decided to consolidate its headquarters in Foster City where 3,100 of its 7,700 global workers are employed.[2] Visa owns four buildings at the intersection of Metro Center Boulevard and Vintage Park Drive.

    In December 2012, Visa Inc. confirmed that it will how to fill a check chase bank a global information technology center off of the US 183 Expressway in northwest Austin, Texas.[117] By 2019, Visa leased space in 4 buildings near Austin and employed nearly 2,000 people.[118]

    On November 6, 2019, Visa announced plans to move its headquarters back to San Francisco by 2024 upon completion of a new "13-story, 300,000-square-foot building".[119]

    Operations[edit]

    Visa offers through its issuing members the following types of cards:

    • Debit cards (pay from a checking/savings account)
    • Credit cards (pay monthly payments with or without interest depending on a customer paying on time.)
    • Prepaid cards (pay from a cash account that has no check writing privileges)

    Visa operates the Plusautomated teller machine network and the InterlinkEFTPOSpoint-of-sale network, which facilitate the "debit" protocol used with debit cards and prepaid cards. They also provide commercial payment solutions for small businesses, midsize and large corporations, and governments.[120]

    Visa teamed with Apple in September 2014, to incorporate a new mobile wallet feature into Apple's new iPhone models, enabling users to more readily use their Visa, and other credit/debit cards.[121]

    Operating regulations[edit]

    Visa has a set of rules that govern the participation of financial institutions in its payment system. Acquiring banks are responsible for ensuring that their merchants comply with the rules.

    Rules address how a cardholder must be identified for security, how transactions may be denied by the bank, and how banks may cooperate for fraud prevention, and how to keep that identification and fraud protection standard and non-discriminatory. Other rules govern what creates an enforceable proof 1st source serve all authorization by the cardholder.[122]

    The rules prohibit merchants from imposing a minimum or maximum purchase amount in order to accept a Visa card and from charging cardholders a fee for using a Visa card.[122] In ten U.S. states, surcharges for the use of a credit card are forbidden by law (California, Colorado, Connecticut, Florida, Kansas, Maine, Massachusetts, New York, Oklahoma and Texas) but a discount for cash is discover bank hsa account under specific rules.[123] Some countries have banned the no-surcharge rule, most notably in Australia[124] retailers may apply surcharges to any credit-card transaction, Visa or otherwise. In the UK the law was changed in January 2018 to prevent retailers from adding a surcharge to a transaction as per 'The Consumer Rights (Payment Surcharges) Regulations 2012'.

    Visa permits merchants to ask for photo ID, although the merchant rule book states that this practice is discouraged. As long as the Visa card is signed, a merchant may not deny a transaction because a cardholder refuses to show a photo ID.[122]

    The Dodd–Frank Act allows U.S. merchants to set a minimum purchase amount on credit card transactions, not to exceed $10.[125][126]

    Recent complications include the addition of exceptions for non-signed purchases by telephone or on the Internet and an additional security system called "Verified by Visa" for purchases on the Internet.

    In September 2014, Visa Inc, launched a new service to replace account information on plastic cards with "token" – a digital account number.[127]

    Visa Contactless (formerly payWave)[edit]

    EMVCoContactlessIndicator.svg

    In September 2007, Visa introduced Visa payWave, a contactless payment technology feature that allows cardholders to wave their card in front of contactless payment terminals without the need to physically swipe or insert the card into what is capital market efficiency in finance point-of-sale device.[128] This is similar to the Mastercard Contactless service and the American ExpressExpressPay, with both using RFID technology. All three use the same symbol as shown on the right.

    In Europe, Visa has introduced the V Pay card, which is a chip-only and PIN-only debit card.[129] In Australia, take up has been the highest in the world, with more than 50% of in store Visa transactions now made via Visa payWave.[130]

    mVisa[edit]

    mVisa is a mobile payment app allowing payment via smartphones using QR code. This QR code payment method was first introduced in India in 2015. It was later expanded to a number of other countries, including in Africa and South East Asia.[131][132]

    Visa Checkout[edit]

    In 2013 Visa launched Visa Checkout, an online payment system that removes the need to share card details with retailers. The Visa Checkout service allows users to enter all their personal details and card information, then use a single username and password to make purchases from online retailers. The service works with Visa credit, debit, and prepaid cards. On November 27, 2013, V.me went live in the UK, France, Spain and Poland, with Nationwide Building Society being the first financial institution in Britain to support it,[133] although Nationwide subsequently withdrew this service in 2016.

    Trademark and design[edit]

    Logo design[edit]

    The blue and gold in Visa's logo were chosen to represent the blue sky and gold-colored hills of California, where the Bank of America was founded.

    In 2005, Visa changed its logo, removing the horizontal stripes in favor of a simple white background with the name Visa in blue with an orange flick on the 'V'.[134] The orange flick was removed in favor of the logo being a solid blue gradient in 2014. In 2015, the gold and blue stripes were restored as card branding on Visa Debit and Visa Electron, although not as the company's logotype.[135]

    Card design[edit]

    The Dove hologram

    In 1984, most Visa cards around the world began to feature a hologram of a dove on its face, generally under the last four digits of the Visa number. This was implemented as a security feature – true holograms would appear three-dimensional and the image would change as the card was turned. At the same time, the Visa logo, which had previously covered the whole card face, was reduced in size to a strip on the card's right incorporating the hologram. This allowed issuing banks to customize the appearance of the card. Similar changes were implemented with MasterCard cards. Today, cards may be co-branded with various merchants, airlines, etc., and marketed as "reward cards".

    On older Visa cards, holding the face of the card under an ultraviolet light will reveal the dove picture, dubbed the Ultra-Sensitive Dove,[136] as an additional security test. (On newer Visa cards, the UV dove is replaced by a small V over the Visa logo.)

    Beginning in 2005, the Visa standard was changed to allow for the hologram to be placed on the back of the card, or to be replaced with a holographic magnetic stripe ("HoloMag").[137] The HoloMag card was shown to occasionally cause interference with card readers, so Visa eventually withdrew designs of HoloMag cards and reverted to traditional magnetic strips.[138]

    Signatures[edit]

    Visa made a statement on January 12, 2018, that the signature requirement would become optional for all EMV contact or contactless chip-enabled merchants in North America starting in April 2018. It was noted that the signatures are no longer necessary to fight fraud and the fraud capabilities have advanced allowing this elimination leading to a faster in-store purchase experience.[139] Visa was the last of the major credit card issuers to relax the signature requirements. The first to eliminate the signature was MasterCard Inc. followed by Discover Financial Services and American Express Co.[140]

    [edit]

    Olympics and Paralympics[edit]

    • Visa has been a worldwide sponsor of the Olympic Games since 1986 and the International Paralympic Committee since 2002. Visa is the only card accepted at all Olympic and Paralympic venues. Its current contract with the International Olympic Committee and International Paralympic Committee as the exclusive services sponsor will continue through 2032 and 2020 respectively.[141][142] This includes the Singapore 2010 Youth Olympic Games, London 2012 Olympic Games, the Sochi 2014 Olympic Winter Games, the Rio de Janeiro 2016 Olympic Games, the 2018 PyeongChang Olympic Winter Games, and the Tokyo 2020 Olympic Games.
    • In 2002, Visa became the first global sponsor of the IPC.[143] Visa extended its partnership with the International Paralympic Committee through 2020,[144] which includes the 2010 Vancouver Paralympic Winter Games, the 2012 London Paralympic Games, 2014 Sochi Paralympic Games, 2018 Pyeongchang Goodwill central texas austin Games and 2020 Tokyo Paralympic Games.

    Others[edit]

    • Visa was the jersey sponsor of Argentina's national basketball team at the 2015 FIBA Americas Championship in Mexico City.[145]
    • Visa is the shirt sponsor for the Argentina national rugby union team, nicknamed the Pumas. Also, Visa sponsors the Copa Libertadores and the Copa Sudamericana, the most important football club tournaments in South America.
    • Until 2005, Visa was the exclusive sponsor of the Triple Crown thoroughbred tournament.
    • Visa sponsored the Rugby World Cup, and the 2007 tournament in France was its last.[146]
    • In 2007, Visa became the sponsor of the 2010 FIFA World Cup in South Africa. The FIFA partnership provides Visa with global rights to a broad range of FIFA activities – including both the 2010 and 2014 FIFA World Cup and the FIFA Women's World Cup.
    • Since 1995, Visa has sponsored the U.S. National Football League (NFL) and a number of NFL teams, including the San Francisco 49ers suntrust and truist merger practice jerseys display the Visa logo.[147] Visa's sponsorship of the NFL extended through the 2014 season.[148]
    • Starting from the 2012 season, Visa became a partner of the Caterham F1 Team. Visa is also known for motorsport sponsorship in the past: it sponsored PacWest Racing's IndyCar team in 1995 and 1996, with drivers Danny Sullivan and Mark Blundell respectively.[149]
    • Visa is currently a jersey sponsor of professional gaming (eSports) team SK Gaming for 2017[150]
    • Visa is the main sponsor of the Argentine Hockey Confederation.[151] The Visa logo is present on both the men's and women's playing kits.

    See also[edit]

    References[edit]

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    3. ^ abcdef"2020 Income Statement, Visa Inc"(PDF). Retrieved May 21, 2021.
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    Источник: https://en.wikipedia.org/wiki/Visa_Inc.

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