Visa Inc

According to the recent statement of Hermann-Josef Lamberti, CEO of Deutsche Bank, their bank in cooperation with a French giant Societe Generale SA is going to create a group to push ahead with plans for a debit-card system to challenge Visa Inc. and MasterCard Inc., reported Bloomberg. 

An association of European retailers EuroCommerce announced the filing of a new complaint against Visa Europe. The association says that the fees imposed by Visa and its member banks on retailers violate the European competition legislation. EuroCommerce noted that it was the imposition of exactly such fees which led the European Commission to rule against MasterCard in December 2007, calling for the similar actions against Visa.

On Tuesday Visa Inc reported that according to the latest researches nearly 62% of Mexicans used a debit card last year. Visa polled 1,009 adults from different social classes between 18 and 64 years of age in the cities of Guadalajara, Monterrey and Mexico City.

"Debit cards are becoming Mexicans' preferred form of payment due to the benefits they offer in terms of security, control and convenience," Eduardo Coello, chief executive of Visa Mexico, said in a press release. 

Visa Inc. payment system has announced that it is going to file a universal shelf registration statement on Form S-3 with the Securities and Exchange Commission. According to press release of this payment processor it intends to file such a registration statement within coming 10 days. 

According to Reuters report Joseph Saunders, Visa Inc Chief Executive has confessed to have no plastic. CEO of the world's largest credit card network has told on the recent Goldman Sachs financial services conference in New York where he came from San Francisco. On his way from Visa's headquarters he has lost his wallet. 

Visa Inc. and YALAMANCHILI Software Exports (P) Limited, payments processor and software products and solutions company, today announced that they have formed a joint venture that will allow Visa to extend its industry-leading processing capabilities in some of the fastest-growing payments regions in the world.