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Visa's new CEO preps for IPO

May 16, 2007

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Joseph Saunders
The (San Jose, Calif.) Mercury News:Visa International's new chief executive officer, Joseph Saunders, says he's ready to take Visa to the next level, by consolidating its empire under one name and taking the company public next year. Saunders, 61, says his first task will be to merge independently managed regional entities that include Visa International, Visa USA and Visa Canada. Together those off-shoots processed $3.1 trillion in credit and debit purchases last year, more than double the $1.4 trillion processed by second-ranked MasterCard Worldwide and the $556 billion processed by American Express.
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