Submitted by: Visa, Inc.
Posted: Jan 15, 2010 – 07:29 AM EST
SAN FRANCISCO, Jan. 15 /CSRwire/ - Visa Inc. (NYSE: V) today announced a comprehensive commitment to help the people of Haiti following the recent devastating earthquake, which includes a $200,000 donation to the American Red Cross Haiti Relief and Development Fund. Visa will also match employee donations to Haitian relief efforts on a two-to-one basis through the end of January.
As part of Visa's response, through the end of February, Visa will also donate revenues generated by charitable contributions to the crisis in Haiti directly to the American Red Cross.
In addition, Visa will waive interchange fees through the end of February on donations made to a select group of major, U.S.-based charities that are providing support to Haitian relief efforts. Eligible charities are:
As part of this initiative, Visa is reaching out to the U.S. and Haitian governments to explore how its payment technology can be helpful in effectively distributing relief funds, as Visa has done in the past.
Visa is a global payments technology company that connects consumers, businesses, financial institutions and governments in more than 200 countries and territories to fast, secure and reliable digital currency. Underpinning digital currency is one of the world's most advanced processing networks-VisaNet-that is capable of handling more than 10,000 transactions a second, with fraud protection for consumers and guaranteed payment for merchants. Visa is not a bank, and does not issue cards, extend credit or set rates and fees for consumers. Visa's innovations, however, enable its financial institution customers to offer consumers more choices: Pay now with debit, ahead of time with prepaid or later with credit products. For more information, visit www.corporate.visa.com.
For more information, please contact: