Visa Europe

Visa Europe is a membership association of 4,600 European banks that have collectively issued over 348 million Visa debit, credit and commercial cards in Europe. In the year ending September 2007, those cards were used to make purchases and cash withdrawals to the value of over €1.3 trillion. Visa Europe is an organisation owned and operated by its 4,600 European member banks that was incorporated in July 2004. In October 2007, Visa Europe became independent of the new global Visa Inc., with an exclusive, irrevocable and perpetual licence in Europe. As a dedicated European payment system it is able to respond quickly to the specific market needs of European banks and their customers – cardholders and retailers, and to meet the European Commission’s objective to create a true internal market for payments. Visa enjoys unsurpassed acceptance around the world. In addition, Visa/PLUS is one of the world’s largest global ATM networks, offering cash access in local currency in over 170 countries. European focus * Visa Europe is strongly committed to the goals of a Single Euro Payment Area (SEPA), in particular the ability for consumers to use card payments all across Europe and have a consistent experience doing so * Visa Europe confirmed in January 2007 that all its products were in compliance with the SEPA Cards Framework (SCF) principles since January 2007, a full year ahead of the implementation deadline set by the European Payments Council (EPC) * Europe is a distinct market – commercially, culturally and politically – and Visa Europe is a truly European payments organisation addressing these factors. Visa Europe has a unique business model backed up by around 1000 employees drawn from nearly all of its 36 European markets. Visa Europe Management * Peter Ayliffe is President and CEO of Visa Europe. He is responsible for Visa’s business in 36 countries * With over 70% of Visa Europe’s business focused on debit, and thus directly connected to its member banks current accounts (the core of their business), its members have an invested interest in how Visa Europe is managed. One of Visa Europe’s unique attributes is the way that its member banks influence and oversee the management of the company, its systems and its operations * Visa Europe's members are represented by 17 non-executive Directors, each of whom is a board-level employee of their respective organizations elected from member banks in Europe. The Visa Europe Board is chaired by Jan Lidén, President and Chief Executive Officer of Swedish bank FöreningsSparbanken * The Executive Management Committee is the most senior internal day-to-day decision making body in the company. Meeting regularly and reporting to the Board of Directors, it makes all the decisions that relate to the day-to-day operation of the company Products and services Consumer Products: Visa has a complete portfolio of payment products to suit every bank customer – from basic ATM cash cards, through to debit and credit cards with a full range of benefits and services. These include Visa Classic, Visa Gold, Visa Platinum, Visa Infinite, Visa Electron, PLUS and now, V PAY, a new European debit product. Prepaid cards issuance has registered significant growth in the last 12 months, being a perfect idea as a gift card and being an ideal product for people who do not have a bank account. Moreover Visa continues to introduce innovative payment technologies to the world. Contactless payments are the faster and more convenient way of making everyday purchases using a Visa chip card instead of cash. Visa payWave is the new contactless alternative to cash for low value transactions. We are also taking part in the O2 mobile wallet trial in London. Visa Commercial: Visa Commercial products Visa Business, Visa Corporate, Visa Purchasing, Visa Distribution, Visa Commerce and Visa Government Procurement Card provide an easy, convenient way to buy office supplies, manage travel and entertainment expenses, control employee spending limits, meet cash flow needs, reduce operational expenses, and track, monitor and control business expenses. Backed by Visa’s unsurpassed acceptance and utility, Visa commercial products and services can be tailored to meet the changing needs of every business segment — from the multinational corporation to the sole proprietor and national governments. Member Services: Visa provides a range of technology-related services to its Member banks. These include the processing of card transactions various fraud and risk-control systems and international cardholder assistance services. Processing: Visa Europe Processing is the largest inter-bank card processor in Europe. Owned and operated in Europe by Visa Europe, it has a fully SEPA compliant European transaction switching platform. It is also the most technically advanced, fastest (4 time faster than competition) and cheapest processing system in Europe. Visa Europe’s member institutions come from 36 European countries – Andorra France Italy Portugal Austria Germany Latvia Romania Belgium Gibraltar Liechtenstein Slovakia Bulgaria Greece Lithuania Slovenia Cyprus Greenland Luxembourg Spain Czech Republic Hungary Malta Sweden Denmark Iceland Netherlands Switzerland Estonia Ireland Norway Turkey Finland Israel Poland UK Visa Europe’s headquarters are in London and there are local offices in Athens, Brussels, Frankfurt, Paris, Istanbul, Lisbon, Madrid, Milan, Stockholm, and Warsaw.

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