Visa

Business, Legal & Accounting Glossary

Definition: Visa


Visa

Quick Summary of Visa


Visa (NYSE: V) operates the world’s largest retail electronic payments network and is one of the most recognized global financial services brands.




Full Definition of Visa


Visa can process credit card transactions worldwide through its VisaNet platform. The company’s card is ubiquitous. It is accepted at 29 million merchants and 1.2 million ATMs worldwide. Like competitor Mastercard, Visa is paid a small fee by banks that issued the card every time a cardholder makes a purchase. The banks carry all of the credit risk relating to whether or not the cardholder can ultimately pay their balance. Visa simply processes the transaction and does not bear any credit risk.

Demographic trends seem to be strongly in Visa’s favor with the use of cash and checks in decline as consumers pay for everything from gas to groceries to a night out on the town with plastic.


Related Phrases


Blue chip
Large cap
Stalwart


Cite Term


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Page URL
https://payrollheaven.com/define/visa/
Modern Language Association (MLA):
Visa. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
October 05, 2022 https://payrollheaven.com/define/visa/.
Chicago Manual of Style (CMS):
Visa. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/visa/ (accessed: October 05, 2022).
American Psychological Association (APA):
Visa. PayrollHeaven.com. Retrieved October 05, 2022
, from PayrollHeaven.com website: https://payrollheaven.com/define/visa/

Definition Sources


Definitions for Visa are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 28th November, 2021 | 0 Views.