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.
The company’s milestones:
- In 1958 - Bank of America launches BankAmericard, the first card with a ”revolving credit” feature.
- By May 1961 - The BankAmericard program became profitable for the first time.
- In 1966 - To grow the card program beyond their home state, Bank of America decided to franchise the BankAmericard to select banks all over the world.
- In 1970 - Bank of America passed control of BankAmericard to the various BankAmericard issuer banks which comprised the newly-established NBI, or National BankAmericard, Inc.
- In 1973 - National BankAmericard launches the first electronic authorization system, followed by an electronic clearing and settlement system.
- In 1975 - The first debit card is launched.
- In 1976 - BankAmericard becomes Visa—a name that sounds the same in all languages.
- In 1979 - The first Visa Travelers Cheques are issued in four currencies.
- In 1983 - Visa launches an automated teller machine (ATM) network, providing 24-hour “anytime, anywhere” cash around the world.
- In 1986 - Visa joined with the PLUS ATM network in 1986, offering its cardholders easy access to cash. Visa also develops multiple-currency clearing and settlement in 21 currencies.
- In 1993 - Visa is the first to apply state-of-the-art neutral network technologies to payments aiming to reduce card fraud.
- In 1995 - Visa check card debuts and Visa co-creates EMV, an industry chip card specification that ensures interoperability between all chip-enabled cards and terminals.
- In 2001 - Visa reaches 1 billion issued cards and launches the Zero Liability policy, which protects cardholders from liability for fraudulent charges.
- In 2004 - Visa introduces Advanced Authorization, which analyzes and assigns a risk score to every Visa transaction in real-time.
- On October 11, 2006 - Visa announced that some of its businesses would be merged and become a publicly traded company, Visa Inc.
- In 2007 - Visa forms a global corporation, while Visa Europe remains member-owned.
- In 2009 - Visa’s first global ad campaign celebrates how people everywhere need a better way to pay for the things they need and want.
- In 2021 - Visa announced the acceptance of stable coin USDC to settle transactions on its network
According to en.wikipedia.org; zippia.com. Source of photo: internet