Thursday, June 7, 2007

7 Obscure Visa Credit Card Facts

  1. Visa in actually an acronism and stands for Visa International Service Association. It is a company consisting of six different entities. These elements each concentrates on one geographical sector, providing offers and meeting regulations that are specific to each region.

  2. There is a wide variety of credit card services tailored for bot consumer and business use. An incredible 14.6% of all retail purchases are made with a visa credit card.

  3. There are over 500 million credit cards that have been issued by Visa in the United States alone. Visa is far and away the leading credit card brand.

  4. Visa does not actually issue credit cards themselves. Cards are, in fact, issued by Banking instutions who are part of a association authorized by Visa to brand ther products with the Visa name

  5. Visa is presently accepted in more than one hundred and fifty countries throughout the world, making it one of the most universally accepted credit cards one can obtain. This universal acceptance of Visa is further demonstrated by the fact that throughout the world it is estemated that more than twenty million outlets will accept purchases made with Visa .

  6. The highest priority for Visa is customer security. Visa has in place a "Continuous Monitoring" system which tracks all transactions and purchases and flag suspicious activity immediately. Additionally,if a customer suspects they are the victim of identity theft Visa operates a free helpline.

  7. A three digit security code is included on the back of each card to help ensure that purchases are authentic.

Visa is continuously evolving and adopting strict security measures to counteract the high-tech fraud. Great efforts are made to improve member benefits and provide a virtually universal card acceptance. With the wide range of credit cards issued by Visa, you are sure to find one that makes your life easy.

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