VISA is a renowned brand in the cards segment. It is a multinational financial services corporation based in Foster City, California. VISA helps in making smooth and hassle free fund transactions throughout the world. It was launched in the year 1858 by Bank of America as Bank Americard Program. Later, in the year 1976, the Bank Americard Program was renamed as VISA, which is now present in 200+ countries. The mission of this program was to offer a centralized payment system which ensures smooth and secure transactions.
VISA is the second largest card payment organization in the world after UnionPay. Almost all VISA transactions made worldwide are processed through VISANET, which is a secure network for transactions ensuring multiple layers of security.
In the year 2013, VISA had launched VISA Checkout as an online payment system that eliminates the need for sharing the details of the card holder and his card while making a transaction. This VISA Checkout allows cardholders to enter their details along with the card details to make a common user ID and password to make online purchases. However, this service has been discontinued from 2016 onward.