Visa Inc. Names Bill Sheedy President, North America

SAN FRANCISCO, Sept. 3 /PRNewswire-FirstCall/ -- Visa Inc. (NYSE: V) today announced the appointment of Bill Sheedy as President, North America.

In his new role, Sheedy will oversee Visa Inc.'s relationships with card issuers, merchants, merchant acquirers and third-party processors in the United States and Canada. He will report to Hans Morris, President of Visa Inc.

"In his more than 15 years at Visa, Bill has demonstrated tremendous passion for our business and our clients," said Joe Saunders, Chairman and CEO of Visa Inc. "Bill brings the ideal blend of payments expertise, strong client relationships and management skills required to grow Visa's leadership position in North America to the benefit of our clients and shareholders."

Tim Wilson, Head of Visa Canada will report to Sheedy.

Sheedy has served as Visa Inc.'s Global Head of Corporate Strategy and Business Development since October 2007. In this role, he has overseen strategic and new business initiatives for Visa Inc., including marketplace intelligence, mergers and acquisition activities, and cross-regional and cross-functional strategic projects. Prior to that, Sheedy led Visa U.S.A.'s interchange strategy group and played a leadership role in Visa's recent reorganization and IPO.

Sheedy joined Visa U.S.A. in May 1993. Prior to joining, Sheedy spent three years with Ford Motor Company's First Nationwide Bank.

Sheedy holds a B.S. from West Virginia University and an M.B.A. from the University of Notre Dame.

About Visa Inc.

Visa Inc. 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 www.corporate.visa.com.

SOURCE Visa Inc.
09/03/2008
CONTACT: Paul Cohen of Visa Inc., +1-415-932-2564, [email protected]
Web site: http://www.corporate.visa.com