Carson Shelia unit 1IP - Carson Shelia Strategic Management...

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Carson Shelia Strategic Management Unit 1 Individual Project October 8, 2010 Instructor: Professor John Martin
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Visa Corporation Introduction Visa, a technology company, that is one of the worlds’ largest companies that connect consumers, businesses, banks and governments in countries around the world enabling them to use electronic currency instead of cash and checks. The company has built one of the most advanced processing networks that can handle anywhere from 10,000 transactions per second with reliability convenience, security and guaranteed payment to merchants. (Visa.com, 2010) The most important problem facing VISA is their weaknesses and threats. The weakness of the Visa business model is susceptible to litigations. Since the year of 2005, there have been 55 class action and individual complaints filed on behalf of merchants against the organization. (Visa, Inc.2010) It has been reported that Visa has agreed to pay out over $1.1 billion across the U.S. as part of an antitrust settlement. Several cases are still pending. Another weakness of the Visa corporations are their open loop system from low control over the cardholder service.
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