VISA: Originally BankAmericard
Internationally, BankAmericard was known by other names prior to
the introduction of the VISA brand for the network. The blue-white-gold
motif used by BankAmericard was also used for these cards. In
the United Kingdom, it was known as the BarclayCard, issued by
Barclay's Bank. In Canada, an alliance of banks (including Toronto-Dominion
Bank, Canadian Imperial Bank of Commerce, Royal Bank of Canada,
and Bank of Nova Scotia) issued credit cards under the Chargex
name. In France, it was known as Carte Bleue (Blue Card).
VISA operates the Plus ATM Network.
VISA Credit Card Logo
The blue and gold in VISA's logo were originally chosen to represent
the blue sky and golden-colored hills of California, where Bank
of America was founded.
J.P. Morgan Chase & Co. is the world's largest issuer of
the Visa card, before that Bank One was the largest issuer.
VISA’s Olympic Sponsorship
Since the 1988 Calgary Winter Olympic Games, as a worldwide Olympic
partner, Visa is the only form of electronic payment accepted
at all venues and Olympic-related transactions. Its current contract
with the IOC as the exclusive payment card will continue through
Legal Proceedings Surrounding VISA Credit Card Company
VISA lost a lawsuit to WalMart that added up to $8 billion.
In the spring of 2005, it was to raise its interchange
rate from 1.634%
to the new rate 1.99%,
which can be expected to affect the discount rates paid by retail
locations to the banks with which they deal.