What is a 'Visa Card'

A Visa card is any type of payment card utilizing the Visa network and branded by Visa Inc. Cards may include credit, debit or prepaid cards.

BREAKING DOWN 'Visa Card'

Visa cards are available to individual and business customers through a range of financial institution partnerships. Financial institutions can choose between a number of network service providers for transaction processing and card branding.

Visa Card Variations

Typically a financial institution will choose to partner with a single transaction processing network provider such as Visa for all of their payment card products. Each issuer sets its own terms and conditions for the Visa cards it offers and decides which customers to offer Visa cards to.

Visa credit cards will consider a user’s credit profile in card issuance with varying standards of credit established by the issuing financial institution for card approval. Visa credit cards may also come with numerous card advantages such as 0% introductory APRs, cash back rewards and special benefits when shopping with a particular retailer. Debit Visa cards are cards issued in association with a deposit account at a financial institution such as a checking or savings account. Debit Visa cards are subject to the authorization of a financial institution in relation to a deposit account. Prepaid card services will typically vary since they may be associated with a bank or fintech company seeking to offer prepaid card products to customers.

Visa Payment Network

Among all Visa cards the common thread is that each relies on the Visa payment processing network. Partnering with Visa as a primary payment processing network allows for payment to be taken electronically and debited or credited to a cardholders account when making purchases with merchants that accept Visa cards. Visa is a prominent processing network and their cards are accepted by businesses in more than 200 countries and territories across the world. Other payment processing companies with ownership of payment processing networks include Mastercard, American Express and Discover.

Visa partners with companies across the world to facilitate transaction processing for both banks and merchants. Financial institutions and fintech companies can establish service agreements with Visa for branded cards that use the Visa network. Service agreements include bank transaction fees and Visa network charges. Visa also partners with merchants through varying types of service agreements. Merchants that accept Visa cards pay Visa Inc. a small transaction fee for each customer transaction as part of the cost for the network processing services that Visa Inc. provides.

RELATED TERMS
  1. Commercial Visa

    A commercial visa is a government-issued document that allows ...
  2. Exit Visa

    An exit visa is a government-issued document required by some ...
  3. Universal Default

    Universal default allows a credit card company to raise a card’s ...
  4. Base II

    Base II is a data processing system operated by Visa USA for ...
  5. Debit Card

    A debit is a payment card that deducts money directly from a ...
  6. Credit Card Authorization Key

    A credit card authorization key refers to an specialized code ...
Related Articles
  1. Investing

    Why Visa Is a Solid Long-Term Bet

    Here's look at Visa, which has been an impressive performer since its IPO in 2008. It's now set to acquire Europe Visa.
  2. Personal Finance

    Visa vs. MasterCard: Is There a Difference?

    Visa and MasterCard are two of the most widely used credit card brands. But are the differences between the two significant enough to influence consumers?
  3. Investing

    Visa Notches Another Quarterly Earnings Beat

    Visa (NYSE: V) continues to perform well. In its first earnings release of this year, the credit card network exceeded analysts' estimates for both revenue and profitability. For its fiscal ...
  4. Investing

    Here's Why Visa Is a Technology Stock

    Visa is more than your cookie-cutter financial services firm. Here's why it's actually also a tech stock.
  5. Investing

    Visa Beats on Q4 Revenue and EPS, but Not Guidance

    Payment system giant Visa (NYSE: V) reported a quarter that topped analysts' estimates, but forward guidance didn't quite meet expectations. For its fiscal fourth quarter, Visa booked revenue ...
  6. Investing

    Visa Stock Has Room To Rise Further

    Visa stock has been crushing it in 2017 but may soar even more, fueled by top-line revenue growth.
  7. Investing

    Visa Stock Upgrade by Guggenheim (V, MA)

    Shares of Visa rose as much as 2.5% Monday, reaching a session high of $77.60 after the company received an endorsement by analysts at Guggenheim.
  8. Investing

    Visa Stock Trades Ex-Dividend Wednesday (V)

    Visa will send its dividend payment on Dec. 6 to shareholders of record as of Nov. 18.
  9. Investing

    Why $120 Target For Visa's Stock Is Way Too Rich

    Visa shares aren't overvalued, but they're not really worth $120 either.
  10. Personal Finance

    The Big Credit Card Companies Have Room to Grow

    With so many credit cards in daily use, credit card issuers have grown with their businesses.
RELATED FAQS
  1. Can you pay off your Best Buy credit card in store?

    Learn how you can pay your BestBuy credit card in stores using cash or check. You can also pay by mail, online or over the ... Read Answer >>
  2. Debit card versus credit card

    Can't figure out which card to use when making a purchase decision? Here is everything you need to know about the differences ... Read Answer >>
Trading Center