visa credit cardIt is important to know that credit cards are issued and supported by banks and financial institutions, and not by the major credit card brands, such as VISA Card and MasterCard. The brand, or type of credit card you use, is actually a payment network. Organizations like Visa Card make sure that millions of retailers and businesses can process their credit card brand, while the issuing financial institutions manage the money and credit.

VISA is a multinational corporation which operates the world's largest credit card payment network. Visa Inc. is commonly referred to as VISA, meaning (Visa International Service Association). Before Visa Inc's IPO in 2008, it was operated as a cooperation of some 20,000+ financial institutions which issued and marketed Visa credit card products. According to The Nilson Report, in 2006 Visa held 44% of the credit card market share in the United States. MasterCard currently holds the #2 spot.


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