Visa Inc.'s Registration Statement Declared Effective by SEC

Visa Inc.'s Registration Statement Declared Effective by SEC

September 14, 2007

    SAN FRANCISCO, Sept. 14 /Xinhua-PRNewswire/ -- 

    Visa announced today that its registration statement on
Form S-4 filed in connection with its proposed restructuring
was declared effective by the United States Securities and
Exchange Commission (SEC) on September 13, 2007. 

    Visa will now proceed with securing the required
approval of member financial institutions for the
restructuring. The restructuring contemplates a series of
transactions by which Visa International, Visa USA and Visa
Canada will become subsidiaries of a single stock
corporation, Visa Inc. Visa Europe will remain a membership
association and will become a licensee of, and own a
minority interest in, Visa Inc. The boards of directors of
Visa International, Visa USA, Visa Europe and Visa Canada
have approved the restructuring agreement.  

    "We're grateful for the SEC's timely review of our
registration statement, and we will immediately begin the
member approval process in anticipation of closing the
restructuring as soon as possible," said Joseph W.
Saunders, Chairman and CEO.  
    
    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 documents regarding the
proposed restructuring with the SEC, including a
registration statement on Form S-4 containing a proxy
statement-prospectus. We urge members to read the
definitive proxy statement-prospectus regarding the
proposed restructuring and any other relevant documents
carefully and in their entirety because they contain
important information about the proposed restructuring. The
definitive proxy statement-prospectus has been mailed to
eligible 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 D.F.
King & Co., 48 Wall Street, New York, NY 10005.

    This document shall not constitute an offer to sell or
the solicitation of an offer to sell or the solicitation of
an offer to buy any securities, nor shall there be any sale
of securities in any jurisdiction in which such offer,
solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of
any such jurisdiction. No offer of securities shall be made
except by means of a prospectus meeting the requirements of
Section 10 of the Securities Act of 1933, as amended. 

    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; the successful completion of the
restructuring and related transactions; Visa's ability to
achieve its strategic objectives; 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.


     Contact:   Paul Cohen
                Office: [phone]
                Email: [e-mail]

                Hadley Wilkins 
                Office: [phone]
                Mobile: [phone]
                Email: [e-mail] 

                Visa Media Hotline
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