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Visa (Ticker: V) Not So Deep Dive

Chit Chat Stocks

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The History of Visa

In 1968, Bank of America held a meeting with all its member banks to sort out the issue. The resolution was to turn bank America into its own independent entity co-owned by members. This new organization was given the order or the mandate to make the credit card system run smoothly. That is when they decided to change their name to Visa. It's so much easier to just tap into the Visa network than to try to do this from the ground floor.

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