Hans Morris Named President of Visa Inc.

San Francisco (ots/PRNewswire) -

Visa announced today that Hans Morris has been appointed President
of Visa Inc., effective September 1, 2007. Morris fills this newly
created post following a distinguished career at Citi that spanned 27
years.

The organization will officially begin conducting business as Visa
Inc. following a series of mergers involving Visa Canada, Visa USA
and Visa International. Visa Europe will retain its member-owned
association structure and will become a licensee of Visa Inc.

As President of Visa Inc., Morris will have responsibility for all
of the company's income-generating businesses. He will oversee the
management of Visa Inc.'s global and local relationships with key
stakeholders, including card issuers, merchants, merchant acquirers
and third-party processors. In addition, Morris will have global
responsibility for Visa's marketing organization, including managing
the Visa brand, one of the most recognized consumer brands in the
world and the most recognized global financial services brand. All
Visa Inc. regional client services organizations and regional
presidents will report to Morris, as will the company's global Chief
Marketing Officer. He will be based in San Francisco and report
directly to Visa Inc.'s Chairman and Chief Executive Officer, Joseph
W. Saunders.

Morris, 48, is currently Chief Financial Officer of Citi Markets &
Banking, a post he assumed in November 2002. Citi Markets & Banking
encompasses the global capital markets, investment banking, corporate
banking and corporate transaction services businesses.

As Chief Financial Officer, Morris leads the firm's finance,
technology and operations divisions. His responsibilities include
managing a multibillion-dollar annual budget and a staff of 14,000 in
more than 100 countries. During his career with Citi he held numerous
leadership positions, including Vice Chairman, Chief Operating
Officer and Head of Client Management at the Investment Banking
division of Salomon Smith Barney.

Joe Saunders cited Morris' deep experience working in the payments
business as an investment banker, proven ability in leading
high-performing global businesses and strong global reporting company
experience as key factors leading to his selection.

Morris joined Citi in 1980, after receiving his Bachelor of Arts
degree from Dartmouth College. Currently residing in New York City,
Morris will be relocating to San Francisco with his wife,
college-aged son and high school-aged daughter.

Visa also announced today that John Philip Coghlan, President and
Chief Executive Officer, Visa USA, has resigned. Coghlan led the U.S.
region of Visa since July 2005. During that time he oversaw efforts
to prepare Visa USA for its restructuring, undertaking a series of
initiatives to enhance Visa's financial performance and reporting.
John Partridge, President of Inovant LLC, will assume the expanded
responsibilities of interim President of Visa USA.

About Visa: Visa 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 http://www.corporate.visa.com.

Additional Information and Where You Can Find It: This
communication is being made in respect of the proposed restructuring.
In connection with the proposed restructuring, Visa has filed and
will be filing documents regarding the proposed transaction with the
SEC, including a registration statement on Form S-4 containing a
proxy statement-prospectus. We urge members to read the registration
statement, the definitive proxy statement-prospectus regarding the
proposed restructuring and any other relevant documents carefully and
in their entirety when they become available because they will
contain important information about the proposed restructuring. The
definitive proxy statement-prospectus will be mailed to voting
members of Visa International, Visa USA and Visa Canada. You may
obtain copies of any of these documents filed with the SEC that
contain information about the proposed restructuring free of charge
at the Web site maintained by the SEC at http://www.sec.gov or from
Visa Inc., Investor Relations, at P.O. Box 8999, San Francisco,
California 94128-8999.

Forward-Looking Statements:

This press release contains forward-looking statements. These
statements may be identified by the use of words such as "will,"
"believes," "anticipates," "intends," "estimates," "expects,"
"projects," "plans" or similar expressions. Such forward-looking
statements include, without limitation, statements about the proposed
restructuring and related transactions, strategy, future operations,
prospects, plans and objectives of management and events or
developments that we expect or anticipate will occur. The
forward-looking statements reflect Visa's current views and
assumptions and are subject to risks and uncertainties, which may
cause actual and future results and trends to differ materially from
the forward-looking statements, including but not limited to ability
to obtain approval by Visa's members for the proposed restructuring
and related transactions; successful completion of the restructuring
and related transactions; the outcome of legal proceedings;
uncertainties inherent in operating internationally; and the impact
of law and regulations. Many of these factors are beyond Visa's
ability to control or predict. Given these factors, you should not
place undue reliance on the forward-looking statements.

Contact: Paul Cohen
Office: +1-415-932-2166

Visa Media Hotline: +1-415-932-2564

Web site: http://www.corporate.visa.com

ots Originaltext: Visa International
Im Internet recherchierbar: http://www.presseportal.de

Contact:
Paul Cohen for Visa, +1-415-932-2166, or Visa Media Hotline,
+1-415-932-2564