United States Visa Tender

Visa Inc. announced the launch of VisaNet processing in Argentina a move that will bring new payment innovations and services to Argentine cardholders merchants and financial institutions. The launch grows Visas share of domestic transaction processing in the Latin America and Caribbean region by more than 10 percentage points.This is an important milestone for Visa and for Argentinas electronic payments ecosystem said Eduardo Coello Regional President of Visa for Latin America and the Caribbean. We are committed to working with our partners to accelerate the adoption of electronic payments. This includes expanding acceptance and launching new innovations that can bring more people into the formal and digital economy in Argentina.In January Visa began processing Argentinas domestic Visa payments on VisaNetthe companys secure scalable and reliable global network capable of handling more than 65000 transaction messages a second.1 Previously domestic payments were handled by Prisma an independent company authorized by Visa to serve as an acquirer-processor for local businesses and to issue Visa cards through local financial institutions.With the launch of VisaNet Argentinas payments are now authorized cleared and settled by a best-in-class payments network bringing new cyber capabilities risk management and value-added products and services such as EMV Chip tokenization and improved authentication. VisaNet processing will also enable cardholder access to new ways to pay including digital wallets real time peer-to-peer P2P and contactless payments.