Visa 2007 Annual Report Download - page 19

Table of Contents
prevalent, such as certain markets in the AP, LAC and CEMEA regions. Visa Electron is primarily issued as a consumer debit product, but Visa Electron can
also be issued as a credit or prepaid product for consumers or businesses.
POS Check Service. The Visa POS Check Service enables merchants to convert the account information on a consumer's check into an electronic Visa
transaction message at the point of sale if the check is drawn on a demand deposit account held at a participating Visa customer. This service, which is
currently offered only in the United States, reduces the cost and time involved in merchant and financial institution processing of checks by taking advantage
of Visa's efficient electronic payments processing.
Cash Access
Our customers can provide global cash access to their cardholders by issuing products accepted at Visa and PLUS branded ATMs. Most Visa and Visa
Electron branded cards offer customers cash access at ATMs, as well as at branches of our participating financial institution customers. The PLUS brand may
also be included on issuers' non-Visa branded cards to offer international cash access as a complement to domestic cash access services. We believe that more
than one million Visa and PLUS branded ATMs are available in more than 170 countries. Payment cards may contain multiple cash access brand marks, in
addition to Visa and PLUS, and transactions involving Visa and PLUS branded cards will generally be processed through our systems only if there is no
regional or domestic ATM brand that is capable of processing the transaction.
Prepaid
Our prepaid product platform enables issuers to offer products that access a designated pool of funds, allowing cardholders to enjoy the convenience
and security of a payment card in lieu of cash or checks. Our prepaid platform includes gift, travel, youth, payroll, money transfer, voucher replacement,
corporate incentive, insurance reimbursement and government benefits cards. Our prepaid platforms are also used to pay highway tolls and to top up prepaid
mobile phones in some regions. Prepaid products can be issued as either reloadable or disposable. Reloadable cards enable consumers or third parties such as
employers to add additional funds to the pool. Consumers may reload cards through various channels, including merchants and participating financial
institution customers. Disposable cards cannot be reloaded in this manner. Our prepaid cards can be distributed through a number of channels, including
financial institution branches, Internet sites, merchants and employers.
Commercial
Our commercial product platforms enable multi-national, large, medium and small companies and government organizations to streamline payment
processes, manage information and their supply chain, and reduce administrative costs. Our commercial platforms include Visa Business Credit, Visa
Business Check Card, Visa Business Debit, Visa Signature Business, Visa Business Electron, Visa Corporate, Visa Purchasing, Visa Fleet, Visa Distribution,
Visa Commercial One Card and Visa Commerce.
Large and Medium Companies and Government Organizations. The Visa Corporate product platform offers payment options for travel and
entertainment charges, including cash advances, and provides detailed transaction data, which allows companies to track policy compliance and supplier
management. Visa Purchasing provides corporate clients with a payment product to easily acquire the goods and services needed to conduct their business by
streamlining time- and paper-intensive purchase order and invoice processing, and by providing flexible transaction authorization and verification statements
for each cardholder. A sub-product of Visa Purchasing, Visa Fleet, provides specialized authorization controls that fleet operators need to monitor and manage
spending for company-provided vehicles. Visa Distribution provides an accounts receivable service for suppliers with dispersed operations. The Visa
Commercial One Card allows organizations to combine procurement, travel and entertainment, and fleet functionality into a single payment solution. Visa
Commerce is a business-to-business electronic platform providing accounts payable and accounts receivable payment services to facilitate large transactions
between contracted buyers and sellers.
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