Visa manages payment brands and an electronic global payment network that connects thousands of financial institutions in more than 200 countries. The network provides authorization, clearing, and settlement of electronic payment transactions. It uses a four-party model that includes card-issuing banks, merchant acquirers, and merchants (in addition to the network itself) within its payment ecosystem. The firm generates revenue by charging fees to its customers based on both the dollar volume of card activity and the number of transactions processed through the network. In addition to transaction processing services, Visa offers other payment-related products, including digital wallets, tokenization, and risk management services.
