| are different brands of credit cards in the market | | | | be used at banking centers or POS (point-of-sale |
| today. One popular brand is the Visa credit card. | | | | terminal) after showing the Visa logo. It contains the |
| However, there are also visa cards that are offered | | | | signature of the card holder for identification. Credit |
| as a debit card, this is a different matter altogether. It is | | | | protocol may be utilized by Visa card holders even if it |
| the shortened name of the company VISA or Visa | | | | is being marketed as prepaid cards or debit cards. The |
| International Service Association based in San | | | | reason is the imprinted Visa logo on the card's front |
| Francisco, California. It is a joint economic venture of | | | | surface. |
| twenty one thousand financial institutions. They are | | | | The users are sometimes confused by the word |
| issuing and marketing Visa products. | | | | credit and debit. Well, the words do not necessarily |
| The launching of the visa card happened in 1976. It | | | | depend on what the dictionary said about it. It is |
| was named after BankAmericacard. The Bank of | | | | because debit card may still be used for credit |
| America is the issuer of BankAmericacard which also | | | | transactions. In this case, misnomer occurs that credit |
| have other international names. It was before the Visa | | | | cards are only used for loans while debit protocols are |
| brand introduction. In fact, Visa cards also incorporated | | | | used for checking accounts only. The banks actually |
| the motif of the BankAmericacard in their designs. The | | | | select several backend methods to handle the |
| gold and blue logos of Visa cards represent the golden | | | | accounts. They make "debit" as the generic synonym |
| color of California hills and the blue color of the sky. | | | | of Plus/interlink, while "credit" as the generic synonym |
| The alliance of various banks in Canada such as | | | | of Visa and other cards having similar systems |
| Canadian Imperial Bank of Commerce, Bank of Nova, | | | | including American Express, MasterCard, and Discover |
| Royal Bank of Canada, and Toronto-Dominion Bank | | | | Card. |
| issued Visa cards in the name of Chargex. French | | | | The associations include the following rules regarding |
| Visa which is currently issued is still using the | | | | the development of Visa Credit cards. |
| BankAmericacard logo. It was called Carte Bleue in | | | | -For security purposes upon every transactions. The |
| France which means blue card. The only issuer of | | | | cardholders are identified through their signatures upon |
| BankAmericacard in United Kingdom was Barclaycard. | | | | using their Visa credit cards. |
| There are three types of Visa cards. The debit cards | | | | -It will explain how a bank denies a transaction and |
| which is paid through a savings or checking accounts. | | | | how cooperation takes place in a bank to prevent |
| The Credit cards which is paid monthly with | | | | fraud. |
| appropriate interest's rates. The prepaid cards which is | | | | -It will ensure a standard protection from fraud and |
| paid through cash accounts and without check writing | | | | false identification that are not discriminatory. |
| privileges. | | | | The founder of the VISA Company, Dee Hock |
| There are two protocols that were developed to | | | | believed that using the word Visa will be recognized |
| standardize consumer services. Visa International | | | | instantly in various languages and countries. Besides, it |
| Association created the debit and credit protocols | | | | also denotes universal acceptance. However, the |
| basing from the type of Visa cards they marketed. | | | | consumers must know the rules to avoid conflicts in |
| Visa Credit cards uses credit protocols. The cards can | | | | end when using their Visa Credit cards. |