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Visa Accelerates Technology Strategy with Global Recruitment Plan and New Technology Center

Company to create 2,000 full-time technology roles including the conversion of contractor roles to full-time positions in addition to new roles; Visa to open new tech center in India

FOSTER CITY, Calif.--(BUSINESS WIRE)--Sep. 24, 2014-- Visa Inc. (NYSE:V), the global leader in payments, today announced that it will strengthen its technology resources by creating 2,000 full-time technologist positions. These positions will be a combination of new roles and existing contractor positions that are being converted to full-time positions. Visa also plans to open a new technology center in India. The combination of these initiatives will help accelerate the shift to electronic payments and drive innovation in mobile and digital platforms.

Visa plans to recruit professional technologists, many in specialized areas, to enhance its teams in India, Singapore and four U.S. locations. Recruitment efforts, which are currently underway and will continue through 2017, will focus on a range of technology needs spanning data scientists, engineers, platform architects and mobile developers.

“Visa is fortunate to already have some of the most accomplished and motivated industry technologists at the company today,” said Rajat Taneja, Visa’s executive vice president of technology. “This investment allows us to strengthen our talent pool globally, and bring more of it in-house, providing greater opportunity for professionals to grow their careers with the technology payments leader.”

In 2015, the company plans to open a new technology development center in India. Teams there will focus on the development of key application programming interfaces (APIs) and software development kits (SDKs), helping an expanding group of global partners to more easily access VisaNet when creating new commerce and payment experiences. The first set of these new developer tools will be publicly released before the end of 2014.

Visa is also bolstering its technology talent in Austin, Texas and the San Francisco Bay Area, and will focus some of these positions in support of its two world-class data centers in Ashburn, Virginia, and Denver, Colorado.

“Visa’s size and scale allows technologists to work on meaningful initiatives that have the ability to change how commerce is conducted for millions of consumers and companies globally,” said Taneja. “We are looking for creative, entrepreneurial tech professionals who want to build the next generation of payment products and platforms, will bring engineering insights to our global processing network, and are passionate about partnering with technology and commerce leaders shaping the payments experience.”

Roll-out of New Visa Technology Initiatives

Over the last month, Visa has announced aggressive plans to deliver Visa Digital Solutions, a comprehensive suite of offerings that will facilitate secure payments across a broad range of Internet-connected devices and wearables. Additionally, the company introduced Visa Checkout, a quick and easy payment service that allows consumers to pay for goods online, on any device, in just a few clicks. The service is currently offered in the U.S. and Canada and will also be available in Australia later this year.

Visa recently opened a 112,000-square foot innovation center, One Market, at its new office space in San Francisco. One Market is specifically designed to enable Visa technologists, clients, partners and the Bay Area tech community to co-develop the next generation of commerce applications.

More information about careers at Visa’s sites around the world can be found at: http://usa.visa.com/careers/index.jsp.

About Visa Inc.

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 electronic payments. We operate one of the world's most advanced processing networks — VisaNet — that is capable of handling more than 56,000 transaction messages a second, with fraud protection for consumers and assured 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, pay ahead of time with prepaid or pay later with credit products. For more information, visit usa.visa.com/about-visa, visacorporate.tumblr.com and @VisaNews.

Source: Visa Inc.

Visa Inc.
Elvira Swanson, +1 650-504-4537
elswanson@visa.com
globalmedia@visa.com
or
Visa Inc. Asia Pacific
Angela Parr, +65 66715388
anworkma@visa.com
or
Visa Inc. Central Europe, Middle East and Africa
Monica Barten, +971 569934942
mbarten@visa.com
or
Visa Inc. Latin America and the Caribbean
Militza Gonzalez, +1 305-328-1325
milgonza@visa.com