Business, Legal & Accounting Glossary

Definition: 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

Cite Term

To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.

Page URL
Modern Language Association (MLA):
Visa. Payroll & Accounting Heaven Ltd.
February 02, 2023
Chicago Manual of Style (CMS):
Visa. Payroll & Accounting Heaven Ltd. (accessed: February 02, 2023).
American Psychological Association (APA):
Visa. Retrieved February 02, 2023
, from website:

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.