Presented at the Bankers Association for Finance and Trades 20th Annual Midwinter Strategic Conferen

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(No Transcript)
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Russell W. Schrader
Senior Vice President Visa U.S.A.
Inc. INSERT TITLE OF YOUR PRESENTATION
Presented at the Bankers Association for
Finance and Trades20th Annual Midwinter
Strategic ConferenceGlobal Finance-Operating in
a Politicized World-New Rules? New Game? In
cooperation withGeorgetown University
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What is Visa?

• Visa does not issue Visa cards
• Operator of a Sec. 352 credit card system
• Divided into Regions to respond to markets
• Financial Institution Members issue cards
• Independent Obligations of Each Member
• Visa vets new Members and monitors existing
  Members

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The Basics

• Created Compliance Officer Structure
• Employee Training
• Independent Reviews
• Reports to Boards and Senior Management

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Internal Policies, Procedures and Controls

• Focus on Member Financial Institutions who issue
  Visa cards and/or originate Visa transactions and
  their use of the System
• Risk evaluation and tiered responses
• Provide Recommendations and Suggestions for use
  of Visa Products to Facilitate Members
  Independent Obligations
• Take Appropriate Action Against Members

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Global Implementation

• 21,000 Members located Everywhere You Want to
  Be
• Overlapping/Conflicting National Laws
• Visa Continues its Long-standing Cooperation with
  Law Enforcement and Support of the USA Patriot
  Act Goals