Hans Morris Named President of Visa Inc.

Hans Morris Named President of Visa Inc.

June 27, 2007

    SAN FRANCISCO, June 27 /Xinhua-PRNewswire/ -- Visa
announced today that Hans Morris has been appointed
President of Visa Inc., effective September 1, 2007. 
Morris fills this newly created post following a
distinguished career at Citi that spanned 27 years. 

    The organization will officially begin conducting
business as Visa Inc. following a series of mergers
involving Visa Canada, Visa USA and Visa International. 
Visa Europe will retain its member-owned association
structure and will become a licensee of Visa Inc.
  
    As President of Visa Inc., Morris will have
responsibility for all of the company's income-generating
businesses.  He will oversee the management of Visa Inc.'s
global and local relationships with key stakeholders,
including card issuers, merchants, merchant acquirers and
third-party processors.  In addition, Morris will have
global responsibility for Visa's marketing organization,
including managing the Visa brand, one of the most
recognized consumer brands in the world and the most
recognized global financial services brand.  All Visa Inc.
regional client services organizations and regional
presidents will report to Morris, as will the company's
global Chief Marketing Officer.  He will be based in San
Francisco and report directly to Visa Inc.'s Chairman and
Chief Executive Officer, Joseph W. Saunders. 
  
    Morris, 48, is currently Chief Financial Officer of
Citi Markets & Banking, a post he assumed in November
2002.  Citi Markets & Banking encompasses the global
capital markets, investment banking, corporate banking and
corporate transaction services businesses.

    As Chief Financial Officer, Morris leads the firm's
finance, technology and operations divisions.  His
responsibilities include managing a multibillion-dollar
annual budget and a staff of 14,000 in more than 100
countries.  During his career with Citi he held numerous
leadership positions, including Vice Chairman, Chief
Operating Officer and Head of Client Management at the
Investment Banking division of Salomon Smith Barney.  

    Joe Saunders cited Morris' deep experience working in
the payments business as an investment banker, proven
ability in leading high-performing global businesses and
strong global reporting company experience as key factors
leading to his selection. 
 
    Morris joined Citi in 1980, after receiving his
Bachelor of Arts degree from Dartmouth College.  Currently
residing in New York City, Morris will be relocating to San
Francisco with his wife, college-aged son and high
school-aged daughter.

    Visa also announced today that John Philip Coghlan,
President and Chief Executive Officer, Visa USA, has
resigned.  Coghlan led the U.S. region of Visa since July
2005.  During that time he oversaw efforts to prepare Visa
USA for its restructuring, undertaking a series of
initiatives to enhance Visa's financial performance and
reporting.  John Partridge, President of Inovant LLC, will
assume the expanded responsibilities of interim President
of Visa USA.

    About Visa:  Visa operates the world's largest retail
electronic payments network providing processing services
and payment product platforms. This includes consumer
credit, debit, prepaid and commercial payments, which are
offered under the Visa, Visa Electron, Interlink and PLUS
brands. Visa enjoys unsurpassed acceptance around the world
and Visa/PLUS is one of the world's largest global ATM
networks, offering cash access in local currency in more
than 170 countries.  For more information, visit
http://www.corporate.visa.com .

    Additional Information and Where You Can Find It:  This
communication is being made in respect of the proposed
restructuring. In connection with the proposed
restructuring, Visa has filed and will be filing documents
regarding the proposed transaction with the SEC, including
a registration statement on Form S-4 containing a proxy
statement-prospectus. We urge members to read the
registration statement, the definitive proxy
statement-prospectus regarding the proposed restructuring
and any other relevant documents carefully and in their
entirety when they become available because they will
contain important information about the proposed
restructuring. The definitive proxy statement-prospectus
will be mailed to voting members of Visa International,
Visa USA and Visa Canada. You may obtain copies of any of
these documents filed with the SEC that contain information
about the proposed restructuring free of charge at the Web
site maintained by the SEC at http://www.sec.gov or from
Visa Inc., Investor Relations, at P.O. Box 8999, San
Francisco, California 94128-8999.

    Forward-Looking Statements: 

    This press release contains forward-looking statements.
These statements may be identified by the use of words such
as "will," "believes,"
"anticipates," "intends,"
"estimates," "expects,"
"projects," "plans" or similar
expressions. Such forward-looking statements include,
without limitation, statements about the proposed
restructuring and related transactions, strategy, future
operations, prospects, plans and objectives of management
and events or developments that we expect or anticipate
will occur. The forward-looking statements reflect Visa's
current views and assumptions and are subject to risks and
uncertainties, which may cause actual and future results
and trends to differ materially from the forward-looking
statements, including but not limited to ability to obtain
approval by Visa's members for the proposed restructuring
and related transactions; successful completion of the
restructuring and related transactions; the outcome of
legal proceedings; uncertainties inherent in operating
internationally; and the impact of law and regulations.
Many of these factors are beyond Visa's ability to control
or predict. Given these factors, you should not place undue
reliance on the forward-looking statements.




    For more information, please contact:

     Paul Cohen
     Office: [phone]
     Visa Media Hotline:  [phone]