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Press release from Business Wire

Visa Appoints Retail Veteran to Lead Its Credit and Debit Product Business in North America

<p> <i><b>Kevin Knight joins from Nordstrom, bringing extensive retail and financial institution experience to new role</b></i> </p>

Wednesday, March 28, 2012

Visa Appoints Retail Veteran to Lead Its Credit and Debit Product Business in North America09:30 EDT Wednesday, March 28, 2012 SAN FRANCISCO (Business Wire) -- Visa Inc. (NYSE: V) (“Visa”) today announced the appointment of Kevin Knight as the company's Head of Credit and Debit Products, North America. In this role, Mr. Knight will be responsible for managing development and growth of Visa's consumer credit, debit and small business product suite. Mr. Knight joins Visa from Nordstrom, one of the nation's leading fashion specialty retailers, where he most recently served as president of Nordstrom's credit division and chairman of Nordstrom FSB, the company's bank subsidiary. During his tenure at Nordstrom, Mr. Knight was responsible for the company's credit business, payment acceptance and processing for its stores, and built Nordstrom's retail loyalty program supported by credit and debit payment products. Prior to Nordstrom, he spent more than 20 years at GE Capital in a variety of positions with responsibility for credit card and other financial services. “Kevin's deep knowledge of the payments industry and his experience from both a retailer and financial institution perspective make him an ideal choice to fill this role,” said William M. Sheedy, Group President, Americas, Visa. “Further, Kevin's unique insight into consumer needs and trends will prove valuable to clients as we develop products and services to help them grow their respective businesses.” About Visa 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 20,000 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 www.corporate.visa.com. Visa Inc.Catherine Topping, 415-318-4108Catherine.topping@fleishman.comglobalmedia@visa.com