Need to Know
Visa has the largest payment processing system in the world for consumers, businesses, banking and financial institutions in general. Also, it is accepted in most places throughout the globe.
 
Visa Credit Cards

 

Visa is a credit card brand that is recognized world-wide. It is the preferred card of many, both in the United States and internationally. Visa USA began in 1958 as BankAmericard, the first successfully implemented all-purpose credit card.

 

 

What made the original BankAmericard unique was that it was the first credit card that was not tied to a specific store. Previous credit cards where generally issued by a specific merchant to be used within their store and encourage customer loyalty. While this was advantageous to the store, it left customers with multiple cards to carry and multiple bills to pay and balance each month.

 

 

The BankAmericard card was also different in that it allowed cardholders to carry a balance from one month to the next. Diners Club could be used in multiple places but required the cardholder to pay off the balance each month. In 1976, BankAmericard became Visa, a name chosen because it was recognizable in many countries and many languages. In 1984, most Visa cards world wide began to use the dove hologram on the card face as a security feature.

 


Visa offers three types of cards. Debit cards deduct payments directly from a checking or savings account. Credit cards which require monthly payments with interest. And prepaid cards which pay from funds deposited into a cardholder's account.

 

Visa offers cardholder's the advantage of an internationally recognized name accepted world-wide for purchases. And Visa has established a rule that no merchant can require a minimum purchase, maximum purchase, or surcharge for any Visa credit card transaction. Visa also offers fraud protection and will even work to help resolve transactions with merchants should a Visa cardholder feel that they haven't received the promised goods or services.

 

 

Consumers can feel secure applying for and using a Visa Card and the company offers many specials from airline rewards to cash back programs to low interest rates. By visiting the Visa web site, consumers can review the available offers and choose the plan that works best for their needs.

 




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