Australia's #1 for Law
Join 150,000 Australians every month. Ask a question, respond to a question and better understand the law today!
FREE - Join Now
Visa Inc. ( or ) (also known as Visa, stylized as VISA) is an American multinational financial services corporation headquartered in Foster City, California, United States. It facilitates electronic funds transfers throughout the world, most commonly through Visa-branded credit cards, debit cards and prepaid cards. 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 during 2014 with a total volume of US$6.8 trillion.It was launched in September 1958 by Bank of America (BofA) as the BankAmericard credit card program. In response to competitor Master Charge (now Mastercard), BofA began to license the BankAmericard program to other financial institutions in 1966. 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.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. 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.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.

View More On
  1. M

    NSW Applying canada PR visa under criminal record in NSW

    Will i be eligible if i have criminal record in Australia and applying for PR in Canada Currently in Australia under temporary visa.
  2. Chisti

    NSW New visa/PR with CRO on Domestic Violence

    I hope my query relates to a lot of Immigrant couple who got affected with COVID. Sincere gratitude for your responses. Background After long months of trial I have been found guilty of common assault without bodily harm to my wife (DVO). However due to trivial nature of offense(a slap) and my...
  3. E

    SA Divorcing on a 100 visa.

    My partner was granted a 100 visa in March last year abroad ( currently lives overseas) and has to come to Australia to activate it. Issue is I want to divorce him now. How can I go about it without him losing his visa because we have kids? When he comes in and validates it can I divorce him...
  4. uday463

    Student Visa to TSS482 Visa - Signed contract to pay VISA expenses

    Dear sir, I am an international student with 12+ years of experience in cybersecurity. I got a job to work in an IT company and signed a contract saying that if I leave the job then I have to pay all the visa expenses raised for the TSS482 visa. I am leaving this job because my visa still not...
  5. G

    QLD 457 VISA while on BVE

    Hi everyone, I am a 23 year old currently on a BVE in association to Protection Visa (as I was already on shore with a 500 visa when the application for 866 was lodged). My case worker from DHA has informed me that he will never give me work or study rights but my employer has agreed to give...
  6. T

    Partner Visa - Sponsors Character fitness

    Hi everyone, My partner and I are about to submit our application for an onshore partnership visa. I am the sponsor and she is the applicant. We were comfortable with our application right up until re-reviewing the forms prior to pressing submit. There is a Domestic Violence question about...
  7. Aninda


  8. sami_morocco

    VIC ask about '' Visa Subclass 309 ''

    I met a woman from Australia, and we had a serious relationship, and she visited me in 2017 in my country, Morocco. In 2017, she returned to Australia, and the relationship with us is still serious and continues every day. I want to apply to join it with her via a 309 class visa But she is a...
  9. N

    Resident Return Visa

    Dear Members, Pls assist me and advise if i am eligible for RRV and what are my chances. I had skilled subclass visa 175 issued back in 2010, me and my wife we did together our first entry to Australia in 2011 and stayed there for 9days and returned. Later due to my wife's health condition(...
  10. R

    WA 461 visa

    I applied 461 visa (renewal)and have been acknowledged since dec 7, 2017 by immigration. I rung up the immigration several times for f-up but all they said was to wait. Its been almost 39months and till now i havent heard anything. I was told to follow up by email but its an auto reply. Can...