FOSTER CITY, CA, October 31, 2012 – Visa Inc. (NYSE:V) today announced a comprehensive commitment to help those impacted by Hurricane Sandy.
To support the immediate relief and recovery efforts, Visa is contributing $300,000 to the American Red Cross. Visa also will match employee donations to disaster relief efforts on a two-to-one basis through the end of November.
As part of Visa's response, interchange fees on domestic Visa transactions will be waived through the end of November for a select group of U.S.-based charities providing support to Hurricane Sandy relief efforts. Eligible charities include:
- American Red Cross
- Habitat for Humanity
- Save the Children
- World Vision
Additionally, Visa will donate all fees from these charitable contributions to the American Red Cross.
Visa Inc. (NYSE:V) 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 24,000 transaction messages 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 http://www.corporate.visa.com.