Wednesday, May 12, 2010

ORIGIN OF VISA CARD

VISA CARD

HISTORY

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The roots of the Visa brand go back to 1958, when Bank of America launched its blue, white, and gold

"revolving-credit" Bank America card, which gave cardholders the option of paying their account balance in

installments.

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In 1970, an alliance of U.S. banks banded together and created National BankAmericard, Inc., a

membership association that began overseeing the operation of the BankAmericard program in the US.

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In 1977, National BankAmericard, Inc. launched Visa.

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Visa introduced the first global ATM network

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