VISA meaning in Finance ?

Answer:

What is Visa International Service Association mean?

Visa Inc. (; 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 is one of the world's most valuable companies.

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. However, because UnionPay's size is based primarily on the size of its domestic market in China, Visa is still considered the dominant banking card company in the rest of the world, where it commands a 50% market share of total card payments.

reference

Full Form	Category
Visiting International Student Ambassadors	Academic & Science
Volunteering International Students Assistance	Academic & Science
Volunteers for International Student Affairs	Academic & Science
Visa International Services Association	Business
Vision, Integrity, Structure, and Accountability	Business
Volunteers In Service Abroad	Business
Virtual Information Skills Activity	Community
Volunteers In School Activities	Community
Very Important School Assignment	Community
Vatican International Services Agency	Community
Visitor Intending to Stay Abroad	Community
Visitors International Stay Admission	Community
Virtual Instrument System Architecture	Computing
Visa International Service Association	Finance
Visualization of Inter-Spike Association	General
Virtual Important Stamp for Authorisation	General
Vocational Initiative and Social Awareness	General
Visions Inspire Success And	General
Visions Inspire Success and Achieve	General
from the Latin word “charta visa”, meaning verified paper, paper that has been seen	Governmental
Victorian Institute of Sport Assessment	Governmental
Various Institutions Sign Agreement	Governmental
Verified International Stay Approval	International
Visitors Internationally Stay Allowance	Internet
Vancomycin Intermediate Staphlococcus Aureus	Medical
Vancomycin Intermediate Staphylococcus Aureus Infection	Medical
Vancomycin intermediate Staphylococcus aureus	Medical
Voluntary Intermodal Sealift Agreement	Military and Defence
Virtual Instrument Software Architecture	Softwares
Vacation Insurance Savings Account	Stock Exchange