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BUSINESS
June 25, 1998
Credit card company Visa International has named Malcolm Williamson, group chief executive of British banking firm Standard Chartered, as president and chief executive, effective Oct. 1. Williamson will succeed Edmund Jensen, who announced in February that he planned to retire from the Visa card association. San Francisco-based Visa says it is the world's largest credit card group, with a 58% share of the global market and transaction volume exceeding $1 trillion a year.
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BUSINESS
June 6, 1996
Visa International Lets EU Banks Set AmEx Policy: Visa International Inc. opened the way for its European member banks to break with the Visa USA policy on competition and issue credit cards from American Express Co. and Dean Witter, Discover & Co. The Visa International board, meeting in Montreal this week, said it will let each of its six regional boards decide whether to pursue the ban on member banks issuing American Express or Discover cards. In the U.S.
BUSINESS
December 11, 1997 | Bloomberg News
PointCast Inc. said it will unveil a new subscription service for business customers and partner with Visa International and Barnes & Noble book retailer to expand its revenue sources and set the foundation for electronic commerce.
BUSINESS
August 31, 1993 | From Times Staff and Wire Reports
Visa USA Chief Executive Quits: H. Robert Heller resigned as president and CEO of the U.S. group of Visa International, saying he will pursue other interests. He was succeeded by Carl Pascarella, 50, president of the company's Asia Pacific division. Heller, 53, joined Visa in 1989 and was named president in 1991. Visa International is the world's largest credit card company, with more than 309 million cardholders worldwide, including 152 million in the United States.
BUSINESS
February 15, 1996 | Times Staff and Wire Reports
Microsoft, Visa Unit Strike Deal: The Redmond, Wash.-based company and the Visa International subsidiary Visa Interactive will work together to provide electronic payment processing for users of Microsoft's Money personal finance software, executives said. The agreement is expected to be approved next month by the Visa International board. It would give banks an alternative to the processor owned by Microsoft Corp. rival Intuit Inc.
BUSINESS
December 11, 1997 | Bloomberg News
PointCast Inc. said it will unveil a new subscription service for business customers and partner with Visa International and Barnes & Noble book retailer to expand its revenue sources and set the foundation for electronic commerce.
BUSINESS
June 6, 1996
Visa International Lets EU Banks Set AmEx Policy: Visa International Inc. opened the way for its European member banks to break with the Visa USA policy on competition and issue credit cards from American Express Co. and Dean Witter, Discover & Co. The Visa International board, meeting in Montreal this week, said it will let each of its six regional boards decide whether to pursue the ban on member banks issuing American Express or Discover cards. In the U.S.
BUSINESS
February 15, 1996 | Times Staff and Wire Reports
Microsoft, Visa Unit Strike Deal: The Redmond, Wash.-based company and the Visa International subsidiary Visa Interactive will work together to provide electronic payment processing for users of Microsoft's Money personal finance software, executives said. The agreement is expected to be approved next month by the Visa International board. It would give banks an alternative to the processor owned by Microsoft Corp. rival Intuit Inc.
BUSINESS
August 31, 1993 | From Times Staff and Wire Reports
Visa USA Chief Executive Quits: H. Robert Heller resigned as president and CEO of the U.S. group of Visa International, saying he will pursue other interests. He was succeeded by Carl Pascarella, 50, president of the company's Asia Pacific division. Heller, 53, joined Visa in 1989 and was named president in 1991. Visa International is the world's largest credit card company, with more than 309 million cardholders worldwide, including 152 million in the United States.
BUSINESS
September 29, 1992 | From Associated Press
A legal showdown is looming between Visa and retailing giant Sears, Roebuck & Co. that could reshape the superpowers of credit cards and affect the costs of buying with plastic for millions of consumers. Sears, parent of the upstart Discover card, is suing for the right to issue Visa cards, which have a much wider reach. If Sears prevails, the Chicago-based retailer argues, consumers would benefit from increased competition, which would lower card rates and annual fees.
BUSINESS
February 15, 1992 | Reuters
Visa International said Friday that it will introduce an early warning system this fall for fraud detection designed to stem a sharp rise in counterfeit losses on credit cards. It said the Transaction Analysis System will analyze usage patterns on all daily transactions over a certain amount to identify probable counterfeit transactions quickly. "Due to the dramatic increases in counterfeit losses worldwide, programs such as this one are critical in deterring counterfeit," Visa said.
BUSINESS
June 25, 1998
Credit card company Visa International has named Malcolm Williamson, group chief executive of British banking firm Standard Chartered, as president and chief executive, effective Oct. 1. Williamson will succeed Edmund Jensen, who announced in February that he planned to retire from the Visa card association. San Francisco-based Visa says it is the world's largest credit card group, with a 58% share of the global market and transaction volume exceeding $1 trillion a year.
BUSINESS
February 15, 1992 | Reuters
Visa International said Friday that it will introduce an early warning system this fall for fraud detection designed to stem a sharp rise in counterfeit losses on credit cards. It said the Transaction Analysis System will analyze usage patterns on all daily transactions over a certain amount to identify probable counterfeit transactions quickly. "Due to the dramatic increases in counterfeit losses worldwide, programs such as this one are critical in deterring counterfeit," Visa said.
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