PR Newswire -- July 28, 2010

SAN FRANCISCO, July 28 /PRNewswire-FirstCall/ -- Visa Inc. (NYSE: V) today
announced financial results for the Company's fiscal third quarter 2010 ended
June 30, 2010. GAAP net income for the quarter was $716 million, or $0.97 per
diluted class A common share. The weighted average number of diluted class A
common shares outstanding was 738 million.

GAAP net operating revenue in the fiscal third quarter of 2010 was $2.0 billion,
an increase of 23% over the prior year and driven by strong contributions across
all revenue categories, in particular data processing and international
transaction revenues.

"Visa delivered a solid financial performance during our fiscal third quarter as
we saw continued improvements in global cross border and payments volume
growth," said Joseph Saunders, Chairman and Chief Executive Officer of Visa Inc.
"As we look to the remainder of our fiscal 2010 year, we remain focused on
integrating our recent acquisition of CyberSource, maintaining strong financial
performance and expense control discipline."

"It goes without saying, the United States debit market will undergo changes
following implementation of the Wall Street Reform and Consumer Protection Act
next year," added Saunders. "While it is too early to fully and accurately gauge
the impact of the legislation, Visa has demonstrated an ability to manage our
business through periods of change. The global shift from cash and checks to
digital currency is a powerful force that continues unabated, providing tangible
benefits to consumers, merchants, and governments worldwide. I continue to have
strong confidence in our prospects for long-term growth driven by Visa's highly
resilient network business model, our continued investment in innovation and the
expansion of our global reach."

Fiscal Third Quarter 2010 Financial Highlights:

Payments volume growth, on a constant dollar basis for the three months ended
March 31, 2010 on which fiscal third quarter service revenue is recognized, was
a positive 13% over the prior year at $745 billion.

Payments volume growth, on a constant dollar basis, for the three months ended
June 30, 2010, was a positive 14% over the prior year at $803 billion.

Cross border volume growth, on a constant dollar basis, was a positive 17% for
the three months ended June 30, 2010.

Total processed transactions, which represent transactions processed by VisaNet,
for the three months ended June 30, 2010 totaled 11.7 billion, were a positive
14% increase over the prior year.

For the fiscal third quarter 2010, service revenues were $873 million, an
increase of 13% versus the prior year, and are recognized based on payments
volume in the prior quarter. All other revenue categories are recognized based
on current quarter activity. Data processing revenues rose 31% over the prior
year to $792 million. International transaction revenues, which are driven by
cross border payments volume, grew 25% over the prior year to $574 million.
Other revenues, which include the Visa Europe licensing fee, were $183 million,
up 15% over the prior year. Volume and support incentives, which are a contra
revenue item, were $393 million, which represents 16% of gross revenues.

Total operating expenses on a GAAP basis were $892 million for the quarter, an
8% increase over the prior year.

Cash, cash equivalents, restricted cash, and available-for-sale investment
securities were $7.4 billion at June 30, 2010.

Notable Events:

On May 28, 2010, the Company deposited $500 million (the "Loss Funds") into the
litigation escrow account previously established under the Company's
Retrospective Responsibility Plan. The deposit of the Loss Funds into the escrow
account reduced the conversion rate applicable to the Company's class B common
stock from 0.5824 to 0.5550. On an as-converted basis, the deposit of Loss Funds
had the effect of a repurchase of approximately 6.7 million shares of class A
common stock from the Company's class B shareholders.

On July 21, 2010, the Company completed its acquisition of CyberSource
Corporation, a leading provider of electronic payment, risk management and
payment security solutions to online merchants, at a price of $26.00 per common
share, or total consideration of approximately $2.0 billion paid with cash on
hand. With the addition of CyberSource, Visa will offer merchants and financial
institutions eCommerce solutions that include enhanced online payment processing
capabilities, payment routing, fraud protection services and secure data
hosting.

On July 22, 2010, the Company announced that the 2011 annual meeting of
stockholders will be held on January 27, 2011 (the "Annual Meeting"), with a
record date of December 3, 2010. The Company's stockholders at the close of
business on the record date will be entitled to vote at the Annual Meeting.

In addition, the Company announced that its board of directors had unanimously
voted to declassify the board and to submit a proposal at the Annual Meeting to
amend the Company's certificate of incorporation to eliminate the classification
of the board of directors. The board of directors also unanimously voted to
amend the Company's certificate of incorporation, bylaws and corporate
governance guidelines to adopt a majority vote standard for uncontested
elections of directors and to submit a proposal to amend the Company's
certificate of incorporation to allow for the adoption of the majority vote
standard. The changes to the bylaws and corporate governance guidelines are
contingent on stockholder approval of the amendments to the certificate of
incorporation.

Also, the Board of Directors declared a quarterly divided in the aggregate
amount of $0.125 per share of class A common stock (determined in the case of
class B and class C common stock on an as-converted basis) payable on September
1, 2010, to all holders of record of Visa's class A, class B and class C common
stock as of August 13, 2010.

Financial Outlook:

Visa Inc. updates its financial outlook for the following metrics for 2010:

-- GAAP tax rate: 37% to 38% range; and
-- Capital expenditures: moderately above $200 million.

Visa Inc. affirms its financial outlook for the following metrics through 2010:

-- Annual net revenue growth: high end of the 11% to 15% range;
-- Volume and support incentives as a percent of gross revenues: high end
of the 16% to 17% range;
-- Advertising, marketing and promotion expenses: less than $1 billion;
-- Annual operating margin: mid to high 50% range;
-- Annual diluted class A common stock earnings per share: growth greater
than 20%; and
-- Annual free cash flow: in excess of $2 billion.

Visa Inc. affirms its financial outlook for the following metrics through 2011:

-- Annual diluted class A common stock earnings per share: growth greater
than 20%; and
-- Annual free cash flow: in excess of $2 billion.

Fiscal Third Quarter 2010 Earnings Results Conference Call Details:

Visa's executive management team will host a live audio webcast beginning at
5:00 p.m. Eastern time (2:00 p.m. Pacific time) today to discuss the financial
results and business highlights.

All interested parties are invited to listen to the live webcast at
http://investor.visa.com. A replay of the webcast will be available on the Visa
Investor Relations website for 30 days.

Investor information, including supplemental financial information, is available
on Visa Inc.'s Investor Relations website at http://investor.visa.com.

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.

Forward Looking Statements:

Certain statements contained in this press release are forward-looking
statements within the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as amended,
which are subject to the "safe harbor" created by those sections. These
statements can be identified by the terms "outlook," "continue," "will" and
similar expressions which are intended to identify forward-looking statements.
In addition, any underlying assumptions are forward-looking statements. Such
forward-looking statements include but are not limited to statements regarding
certain of Visa's goals and expectations with respect to tax rate, capital
expenditures, revenue, incentives, expenses, operating margin, earnings per
share, free cash flow, and the growth rate in those items, as well as other
measures of economic performance.

By their nature, forward-looking statements: (i) speak only as of the date they
are made, (ii) are not guarantees of future performance or results and (iii) are
subject to risks, uncertainties and assumptions that are difficult to predict or
quantify. Therefore, actual results could differ materially and adversely from
those forward-looking statements as a result of a variety of factors, including
all the risks discussed under the heading "Risk Factors" in Part 1, Item 1A -
"Risk Factors" in our most recent Annual Report on Form 10-K and any subsequent
Quarterly Reports on Form 10-Q or Periodic Reports on Form 8-K, if any. You are
cautioned not to place undue reliance on such statements, which speak only as of
the date of this press release. Unless required to do so under U.S. federal
securities laws or other applicable laws, we do not intend to update or revise
any forward-looking statements.

Contacts:

Investor Relations: Jack Carsky or Victoria Hyde-Dunn, 415-932-2213, ir@visa.com

Media Relations: Paul Cohen or Will Valentine, 415-932-2564,
globalmedia@visa.com

Visa Inc.
Consolidated Statements of Operations
(unaudited)

Three Months
Ended June Nine Months
30, Ended June 30,
------------- --------------
2010 2009 2010 2009
---- ---- ---- ----
(in millions, except per share
data)
Operating Revenues

Service revenues $873 $769 $2,585 2,366
Data processing revenues 792 605 2,285 1,703
International transaction
revenues 574 458 1,671 1,409
Other revenues 183 158 546 462
Volume and support
incentives (393) (344) (1,139) (908)
Total operating revenues 2,029 1,646 5,948 5,032
----- ----- ----- -----

Operating Expenses

Personnel 285 282 869 873
Network, EDP and
communications 103 97 306 282
Advertising, marketing and
promotion 277 229 731 635
Professional and
consulting fees 77 62 178 182
Depreciation and
amortization 63 57 187 165
Administrative and other 87 96 242 225
Litigation provision - 1 (41) 1
Total operating expenses 892 824 2,472 2,363
--- --- ----- -----

Operating income 1,137 822 3,476 2,669
----- --- ----- -----

Other Income (Expense)
Equity in earnings of
unconsolidated affiliates (3) - (5) -
Interest expense (13) (30) (57) (90)
Investment income, net 1 504 29 557
Other - 1 - 1
--- ---
Total other (expense)
income (15) 475 (33) 468
--- --- --- ---

Income before income taxes 1,122 1,297 3,443 3,137
Income tax expense 406 568 1,252 1,299
--- --- ----- -----

Net income including non-
controlling interest 716 729 2,191 1,838
Loss attributable to non-
controlling interest - - 1 1
--- --- --- ---

Net income attributable to
Visa Inc. $716 $729 $2,192 $1,839
==== ==== ====== ======

Basic earnings per share
Class A common stock $0.97 $0.97 $2.97 $2.41
===== ===== ===== =====
Class B common stock $0.56 $0.61 $1.72 $1.58
===== ===== ===== =====
Class C common stock $0.97 $0.97 $2.97 $2.41
===== ===== ===== =====
Basic weighted average
shares outstanding
Class A common stock 494 448 478 447
=== === === ===
Class B common stock 245 246 245 246
=== === === ===
Class C common stock 99 152 117 152
=== === === ===
Diluted earnings per share
Class A common stock $0.97 $0.96 $2.96 $2.41
===== ===== ===== =====
Class B common stock $0.55 $0.61 $1.71 $1.58
===== ===== ===== =====
Class C common stock $0.97 $0.96 $2.96 $2.41
===== ===== ===== =====
Diluted weighted average
shares outstanding
Class A common stock 738 757 742 762
=== === === ===
Class B common stock 245 246 245 246
=== === === ===
Class C common stock 99 152 117 152
=== === === ===

Visa Inc.
Consolidated Balance Sheets
(unaudited)

June
30, September 30,
2010 2009
---- ----
(in millions, except
par value data)
Assets
Cash and cash equivalents $5,205 $4,617
Restricted cash - litigation escrow 1,865 1,365
Investment securities
Trading 56 59
Available-for-sale 29 56
Settlement receivable 416 605
Accounts receivable 501 444
Customer collateral 869 812
Current portion of volume and support
incentives 177 214
Current portion of deferred tax assets 448 703
Prepaid expenses and other current assets 284 366
--- ---

Total current assets 9,850 9,241

Restricted cash - litigation escrow 140 350
Investment securities, available-for-sale 128 168
Volume and support incentives 110 102
Property, equipment and technology, net 1,185 1,204
Other assets 192 125
Intangible assets 10,883 10,883
Goodwill 10,208 10,208
------ ------

Total assets $32,696 $32,281
======= =======

Liabilities
Accounts payable $94 $156
Settlement payable 446 634
Customer collateral 869 812
Accrued compensation and benefits 289 396
Volume and support incentives 395 284
Accrued liabilities 707 754
Current portion of long-term debt 12 12
Current portion of accrued litigation 670 1,394
--- -----

Total current liabilities 3,482 4,442
Long-term debt 35 44
Accrued litigation 132 323
Deferred tax liabilities 3,798 3,807
Other liabilities 569 472
--- ---

Total liabilities 8,016 9,088
----- -----

Equity
Preferred stock, $0.0001 par value, 25 shares
authorized and none $- $-
issued
Class A common stock, $0.0001 par value,
2,001,622 shares authorized, - -
496 and 470 shares issued and outstanding at
June 30, 2010, and
September 30, 2009, respectively
Class B common stock, $0.0001 par value, 622
shares authorized, 245 - -
shares issued and outstanding at June 30,
2010, and September 30,
2009
Class C common stock, $0.0001 par value,
1,097 shares authorized, 98 - -
and 131 shares issued and outstanding at June
30, 2010, and
September 30, 2009, respectively
Additional paid-in capital 20,936 21,160
Class C treasury stock - (2)
Accumulated income 3,822 2,219
Accumulated other comprehensive loss, net
Investment securities, available-for-sale 4 10
Defined benefit pension and other
postretirement plans (71) (136)
Derivative instruments (13) (58)
Foreign currency translation loss (2) (4)
--- ---
Total accumulated other comprehensive loss,
net (82) (188)
--- ----
Total Visa Inc. stockholders' equity 24,676 23,189

Non-controlling interest 4 4
Total equity $24,680 $23,193
------- -------

Total liabilities and equity $32,696 $32,281
======= =======

Visa Inc.
Consolidated Statements Of Cash Flows
(unaudited)

Nine Months
Ended June 30,
2010 2009
---- ----
(in millions)
Operating Activities

Net income including non-controlling
interest $2,191 $1,838
Adjustments to reconcile net income
including non-controlling interest to
net cash provided by
operating activities:
Gain on sale of other investments - (473)
Depreciation and amortization of property,
equipment and technology 187 165
Share-based compensation 95 84
Tax benefit for share-based compensation (13) (6)
Restricted stock instruments settled in
cash for taxes (13) (22)
Interest earned on litigation escrow, net
of tax - (14)
Net recognized (gain) loss on investment
securities, including other-than-
temporary impairment (17) 8
Asset impairment 3 7
Gain on disposal of property, equipment
and technology (1) -
Amortization of volume and support
incentives 1,139 908
Litigation provision and accretion (18) 72
Equity in earnings of unconsolidated
affiliates 5 -
Deferred income taxes 190 316
Change in operating assets and
liabilities:
Trading securities 3 10
Accounts receivable (57) (77)
Settlement receivable 189 133
Volume and support incentives (999) (785)
Other assets (27) 84
Accounts payable (62) (53)
Settlement payable (188) (116)
Accrued compensation and benefits (107) (124)
Accrued and other liabilities 195 438
Accrued litigation (897) (1,626)
---- ------

Net cash provided by operating activities 1,798 767
----- ---

Investing Activities

Investment securities, available-for-sale:
Purchases (1) -
Proceeds from sales and maturities 50 276
Distributions from money market investment 85 884
Purchases of /contributions to other
investments (3) (1)
Proceeds from sale of other investments 1 -
Dividends/distributions from other
investments 1 1
Proceeds from disposal of property,
equipment and technology 1 -
Purchases of property, equipment and
technology (144) (205)
---- ----

Net cash (used in) provided by investing
activities (10) 955
--- ---

Financing Activities

Tax benefit for share-based compensation 13 6
Cash proceeds from exercise of stock
options 36 20
Funding of litigation escrow account -
Retrospective Responsibility Plan (500) (1,100)
Payments from litigation escrow account -
Retrospective Responsibility Plan 210 1,481
Payment for redemption of stock - (2,646)
Dividends paid (278) (240)
Principal payments on debt (9) (8)
Principal payments on capital lease
obligations (10) (4)
Repurchase of class A common stock (664) -
----
Net cash used in financing activities (1,202) (2,491)

Effect of exchange rate changes on cash
and cash equivalents 2 (10)
Increase (decrease) in cash and cash
equivalents 588 (779)
Cash and cash equivalents at beginning of
year 4,617 4,979
----- -----

Cash and cash equivalents at end of period $5,205 $4,200
====== ======

Supplemental Disclosure of Cash Flow
Information
$977 $528
Income taxes paid, net of refunds $15 $25
Amounts included in accounts payable and
accrued and other liabilities related to
purchases $3 $3
of property, equipment and technology
Interest payments on debt $- $22
=== ===
Assets acquired in joint venture with note
payable and equity interest issued

Fiscal 2009 and 2010 Quarterly Results of Operations
US$ in millions
(unaudited)

Fiscal 2009
Quarter Ended Fiscal 2010 Quarter Ended
------------- -------------------------
June September December March June
30, 30, 31, 31, 30,
2009 2009 2009 2010 2010
--- ---- ---- --- ---

Operating
Revenues
Service revenues $769 $808 $827 $885 $873
Data processing
revenues 605 727 765 728 792
International
transaction
revenues 458 507 552 545 574
Other revenues 158 163 190 173 183
Volume and
support
incentives (344) (326) (374) (372) (393)
---- ---- ---- ----
Total operating
revenues 1,646 1,879 1,960 1,959 2,029
----- ----- ----- ----- -----

Operating
Expenses
Personnel (1) 282 355 274 310 285
Network, EDP and
communications 97 111 105 98 103
Advertising,
marketing and
promotion 229 283 216 238 277
Professional and
consulting fees
(1) 62 86 51 50 77
Depreciation and
amortization 57 61 62 62 63
Administrative
and other 96 113 78 77 87
Litigation
provision 1 1 (43) 2 -
--- --- ---
Total operating
expenses 824 1,010 743 837 892
--- ----- --- --- ---

Operating income 822 869 1,217 1,122 1,137
--- --- ----- ----- -----

Other Income
(Expense)
Equity in
earnings of
unconsolidated
affiliates - - - (2) (3)
Interest expense (30) (25) (16) (28) (13)
Investment
income, net 504 18 5 23 1
Other 1 1 2 (2) -
--- --- --- --- ---
Total other
income
(expense) 475 (6) (9) (9) (15)
--- --- --- --- ---

Income before
income taxes 1,297 863 1,208 1,113 1,122
Income tax
expense 568 349 445 401 406
--- --- --- --- ---
Net income
including non-
controlling
interest 729 514 763 712 716
Loss
attributable to
non-
controlling
interest (2) - - - 1 -
--- --- --- --- ---
Net income
attributable to
Visa Inc. $729 $514 $763 $713 $716
==== ==== ==== ==== ====

(1) Certain reclassifications, not affecting net income attributable
to Visa, have been made to fiscal 2009 quarterly information to
conform to the current period presentation format, including the
reclassification of contractor expense, which was previously
reported in
professional and consulting fees, to personnel.
(2) The Company began to report non-controlling interest (previously
referred to as minority interest) as a component of equity in the
first
quarter of fiscal 2010 and has updated all requisite financial
statements, including the statement of operations, for all
comparable
periods presented as required under Accounting Standards Codification 810.

Operational Performance Data

The tables below provide information regarding the available operational results
for the 3 months ended June 30, 2010, as well as the prior seven quarterly
reporting periods and the 12 months ended June 30, 2010 and 2009, for cards
carrying the Visa, Visa Electron and Interlink brands.

1. Branded Volume and Transactions

The tables present total volume, payments volume, and cash volume, and the
number of payments transactions, cash transactions, accounts and cards for cards
carrying the Visa, Visa Electron and Interlink brands. Card counts include PLUS
proprietary cards. Nominal and constant dollar growth rates over prior years are
provided for volume-based data.

For the 3 Months Ended June 30, 2010
------------------------------------
Total Growth Growth Payments Growth
Volume (Nominal (Constant Volume (Nominal
($ ($
billions) USD) USD) billions) USD)
---------- ---- ---- ---------- ----

All Visa Credit &
Debit
Asia Pacific $308 18.7% 12.0% $197 19.3%
Canada 55 21.8% 11.4% 50 22.1%
CEMEA 155 26.0% 24.5% 25 26.6%
LAC 185 23.3% 16.5% 62 26.3%
US 566 12.1% 12.1% 469 13.7%
-- - -
Visa Inc. 1,269 17.2% 14.1% 803 16.8%

Visa Credit
Programs
US $214 2.2% 2.2% $204 5.9%
Rest of World 320 18.9% 12.0% 278 18.7%
------------- - -
Visa Inc. 534 11.6% 7.8% 481 12.9%

Visa Debit
Programs
US $352 19.1% 19.1% $265 20.5%
Rest of World 383 24.1% 19.1% 56 37.4%
------------- - -
Visa Inc. 735 21.7% 19.1% 321 23.2%

For the 3 Months Ended June 30, 2010
------------------------------------
Growth Payments Cash Growth
(Constant Transactions Volume (Nominal
($
USD) (millions) billions) USD)
---- ---------- ---------- ----

All Visa Credit &
Debit
Asia Pacific 12.0% 2,586 $111 17.8%
Canada 11.7% 432 5 18.7%
CEMEA 24.1% 395 130 25.8%
LAC 21.6% 1,524 123 21.8%
US 13.7% 9,523 97 4.9%
-- --- -
Visa Inc. 14.0% 14,460 466 17.9%

Visa Credit
Programs
US 5.9% 2,349 $10 -39.4%
Rest of World 11.7% 3,688 43 20.3%
------------- --- -
Visa Inc. 9.2% 6,036 53 0.9%

Visa Debit
Programs
US 20.5% 7,174 $87 14.8%
Rest of World 30.8% 1,249 327 22.1%
------------- --- -
Visa Inc. 22.2% 8,423 414 20.5%

For the 3 Months Ended June 30, 2010
------------------------------------
Growth Cash
(Constant Transactions
USD) (millions)
---- ----------

All Visa Credit &
Debit
Asia Pacific 12.0% 576
Canada 8.6% 9
CEMEA 24.6% 853
LAC 14.1% 847
US 4.9% 852
-- -
Visa Inc. 14.1% 3,136

Visa Credit
Programs
US -39.4% 17
Rest of World 13.7% 155
------------- -
Visa Inc. -2.9% 172

Visa Debit
Programs
US 14.8% 835
Rest of World 17.3% 2,130
------------- ---
Visa Inc. 16.7% 2,965

For the 3 Months Ended March 31, 2010
Total Growth Growth Payments Growth
Volume (Nominal (Constant Volume (Nominal
($ ($
billions) USD) USD) billions) USD)
--------- ---- ---- --------- ----

All Visa Credit &
Debit
Asia Pacific $296 29.5% 12.7% $195 32.3%
Canada 47 30.4% 5.5% 43 34.2%
CEMEA 140 29.8% 17.9% 23 31.3%
LAC 175 36.1% 15.8% 58 38.1%
US 518 10.7% 10.7% 427 12.7%
-- - -
Visa Inc. 1,176 21.4% 12.5% 745 20.8%

Visa Credit
Programs
US $194 -0.8% -0.8% $182 3.4%
Rest of World 305 29.3% 10.9% 266 30.8%
------------- - -
Visa Inc. 499 15.6% 6.0% 449 18.0%

Visa Debit
Programs
US $324 19.0% 19.0% $245 20.9%
Rest of World 353 33.1% 16.8% 51 49.9%
------------- - -
Visa Inc. 677 26.0% 17.9% 296 25.1%

For the 3 Months Ended March 31, 2010
Growth Payments Cash Growth
(Constant Transactions Volume (Nominal
($
USD) (millions) billions) USD)
---- ---------- --------- ----

All Visa Credit &
Debit
Asia Pacific 13.8% 2,459 $102 24.5%
Canada 8.6% 387 4 -0.1%
CEMEA 16.7% 357 118 29.5%
LAC 20.1% 1,437 117 35.1%
US 12.7% 8,573 91 2.1%
-- --- -
Visa Inc. 13.4% 13,213 431 22.5%

Visa Credit
Programs
US 3.4% 2,121 $12 -39.6%
Rest of World 12.2% 3,459 39 19.9%
------------- --- -
Visa Inc. 8.4% 5,580 50 -2.2%

Visa Debit
Programs
US 20.9% 6,452 $79 13.5%
Rest of World 26.7% 1,181 302 30.7%
------------- --- -
Visa Inc. 21.9% 7,633 381 26.7%

For the 3 Months Ended March 31, 2010
Growth Cash Accounts Cards
(Constant Transactions (millions) (millions)
USD) (millions) ---------- ----------
---- ----------

All Visa Credit &
Debit
Asia Pacific 10.6% 553 452 537
Canada -19.1% 9 24 31
CEMEA 18.1% 771 196 199
LAC 13.8% 819 343 372
US 2.1% 754 509 686
-- - - -
Visa Inc. 11.1% 2,905 1,524 1,825

Visa Credit
Programs
US -39.6% 16 217 281
Rest of World 2.9% 138 431 493
------------- - - -
Visa Inc. -11.4% 154 648 774

Visa Debit
Programs
US 13.5% 738 292 405
Rest of World 15.3% 2,013 584 646
------------- --- - -
Visa Inc. 14.9% 2,751 876 1,051

For the 3 Months Ended December 31, 2009
Total Growth Growth Payments Growth
Volume (Nominal (Constant Volume (Nominal
($ ($
billions) USD) USD) billions) USD)
--------- ---- ---- --------- ----

All Visa Credit &
Debit
Asia Pacific $318 30.6% 19.0% $197 22.1%
Canada 51 18.9% 0.7% 47 22.4%
CEMEA 146 7.5% 7.7% 23 16.2%
LAC 191 33.0% 13.0% 64 37.5%
US 530 5.0% 5.0% 438 7.3%
-- - -
Visa Inc. 1,237 15.4% 9.6% 769 14.0%

Visa Credit
Programs
US $215 -6.9% -6.9% $201 -1.0%
Rest of World 317 19.2% 6.4% 278 21.8%
------------- - -
Visa Inc. 531 7.1% 0.6% 478 11.0%

Visa Debit
Programs
US $316 15.0% 15.0% $238 15.4%
Rest of World 390 29.7% 19.8% 53 40.3%
------------- - -
Visa Inc. 706 22.7% 17.6% 291 19.3%

For the 3 Months Ended December 31, 2009
Growth Payments Cash Growth
(Constant Transactions Volume (Nominal
($
USD) (millions) billions) USD)
---- ---------- --------- ----

All Visa Credit &
Debit
Asia Pacific 10.1% 2,541 $121 47.4%
Canada 3.7% 430 4 -11.3%
CEMEA 9.0% 353 124 6.1%
LAC 16.0% 1,516 127 30.9%
US 7.3% 8,754 92 -4.7%
-- --- -
Visa Inc. 8.5% 13,595 468 17.9%

Visa Credit
Programs
US -1.0% 2,373 $14 -49.8%
Rest of World 8.2% 3,611 39 3.6%
------------- --- -
Visa Inc. 4.1% 5,983 53 -19.2%

Visa Debit
Programs
US 15.4% 6,381 $78 13.5%
Rest of World 21.7% 1,230 337 28.2%
------------- --- -
Visa Inc. 16.5% 7,611 415 25.2%

For the 3 Months Ended December 31, 2009
Growth Cash Accounts Cards
(Constant Transactions (millions) (millions)
USD) (millions) ---------- ----------
---- ----------

All Visa Credit &
Debit
Asia Pacific 36.8% 570 442 531
Canada -24.9% 9 24 31
CEMEA 7.5% 794 192 196
LAC 11.4% 873 331 359
US -4.7% 759 511 691
-- - - -
Visa Inc. 11.6% 3,004 1,500 1,808

Visa Credit
Programs
US -49.8% 19 227 297
Rest of World -5.0% 141 425 488
------------- - - -
Visa Inc. -23.1% 160 653 784

Visa Debit
Programs
US 13.5% 740 283 394
Rest of World 19.5% 2,104 564 630
------------- --- - -
Visa Inc. 18.4% 2,844 847 1,024

For the 3 Months Ended September 30, 2009
-----------------------------------------
Total Growth Growth Payments Growth
Volume (Nominal (Constant Volume (Nominal
($ ($
billions) USD) USD) billions) USD)
---------- ---- ---- ---------- ----

All Visa
Credit &
Debit
Asia
Pacific $281 12.5% 10.6% $183 12.0%
Canada 48 -3.3% -3.1% 44 -1.0%
CEMEA 134 -7.1% 4.3% 21 -1.8%
LAC 166 4.6% 11.4% 55 9.1%
US 511 -2.7% -2.7% 417 -1.0%
-- - -
Visa Inc. 1,140 1.1% 3.0% 720 2.8%

Visa Credit
Programs
US $210 -14.2% -14.2% $195 -8.6%
Rest of
World 295 5.1% 4.9% 258 7.8%
------- --- ---
Visa Inc. 505 -3.9% -4.0% 452 0.1%

Visa Debit
Programs
US $300 7.3% 7.3% $223 6.8%
Rest of
World 334 3.8% 11.3% 45 11.8%
------- --- ---
Visa Inc. 635 5.4% 9.4% 268 7.6%

For the 3 Months Ended September 30, 2009
-----------------------------------------
Growth Payments Cash Growth
(Constant Transactions Volume (Nominal
($
USD) (millions) billions) USD)
---- ---------- ---------- ----

All Visa Credit &
Debit
Asia Pacific 8.8% 2,475 $98 13.4%
Canada -0.8% 412 4 -23.1%
CEMEA 2.6% 320 113 -8.1%
LAC 14.7% 1,366 111 2.6%
US -1.0% 8,401 93 -9.9%
-- --- -
Visa Inc. 2.6% 12,974 420 -1.6%

Visa Credit Programs
US -8.6% 2,299 $16 -51.6%
Rest of World 6.5% 3,474 37 -10.1%
------------- --- -
Visa Inc. -0.6% 5,773 53 -28.3%

Visa Debit Programs
US 6.8% 6,101 $78 8.9%
Rest of World 16.5% 1,100 289 2.6%
------------- --- -
Visa Inc. 8.3% 7,201 367 3.9%

For the 3 Months Ended September 30, 2009
-----------------------------------------
Growth Cash Accounts Cards
(Constant Transactions (millions) (millions)
USD) (millions) ---------- ----------
---- ----------

All Visa
Credit &
Debit
Asia Pacific 14.0% 534 433 521
Canada -22.9% 9 24 31
CEMEA 4.6% 738 187 190
LAC 9.8% 815 323 350
US -9.9% 774 495 673
-- - - -
Visa Inc. 3.8% 2,871 1,461 1,765

Visa Credit
Programs
US -51.6% 21 230 301
Rest of World -4.7% 140 423 485
------------- - - -
Visa Inc. -25.9% 161 652 786

Visa Debit
Programs
US 8.9% 753 265 372
Rest of World 10.5% 1,957 544 607
------------- --- - -
Visa Inc. 10.2% 2,710 809 979

For the 3 Months Ended June 30, 2009
Total Growth Growth Payments Growth
Volume (Nominal (Constant Volume (Nominal
($ ($
billions) USD) USD) billions) USD)
--------- ---- ---- --------- ----

All Visa Credit &
Debit
Asia Pacific $259 3.7% 9.9% $165 2.0%
Canada 45 -11.5% -3.7% 41 -9.8%
CEMEA 123 -6.4% 9.9% 20 2.8%
LAC 150 -2.8% 15.4% 49 -0.4%
US 505 -3.9% -3.9% 412 -2.5%
-- - -
Visa Inc. 1,083 -2.7% 3.2% 687 -1.7%

Visa Credit
Programs
US $209 -15.0% -15.0% $192 -9.6%
Rest of World 269 -3.1% 4.8% 234 -1.5%
------------- - -
Visa Inc. 479 -8.7% -4.6% 426 -5.3%

Visa Debit
Programs
US $296 5.8% 5.8% $220 4.6%
Rest of World 308 -0.3% 15.1% 41 7.2%
------------- - -
Visa Inc. 604 2.6% 10.4% 261 5.0%

For the 3 Months Ended June 30, 2009
Growth Payments Cash Growth
(Constant Transactions Volume (Nominal
($
USD) (millions) billions) USD)
---- ---------- --------- ----

All Visa Credit &
Debit
Asia Pacific 8.1% 2,315 $94 6.9%
Canada -1.8% 396 4 -25.1%
CEMEA 12.6% 324 103 -8.0%
LAC 16.5% 1,302 101 -3.9%
US -2.5% 8,288 93 -9.7%
-- --- -
Visa Inc. 1.6% 12,625 396 -4.5%

Visa Credit
Programs
US -9.6% 2,282 $17 -49.2%
Rest of World 5.9% 3,283 35 -12.1%
------------- --- -
Visa Inc. -1.5% 5,566 52 -29.0%

Visa Debit
Programs
US 4.6% 6,006 $76 9.4%
Rest of World 22.9% 1,054 267 -1.3%
------------- --- -
Visa Inc. 7.2% 7,060 343 0.9%

For the 3 Months Ended June 30, 2009
Growth Cash Accounts Cards
(Constant Transactions (millions) (millions)
USD) (millions) ---------- ----------
---- ----------

All Visa Credit &
Debit
Asia Pacific 13.3% 540 424 512
Canada -18.5% 9 23 31
CEMEA 9.4% 736 179 184
LAC 14.9% 798 317 344
US -9.7% 764 482 661
-- - - -
Visa Inc. 6.1% 2,847 1,426 1,732

Visa Credit
Programs
US -49.2% 21 233 309
Rest of World -1.7% 137 418 482
------------- - - -
Visa Inc. -24.0% 159 651 791

Visa Debit
Programs
US 9.4% 743 249 352
Rest of World 14.0% 1,946 526 589
------------- --- - -
Visa Inc. 13.0% 2,689 775 941

For the 3 Months Ended March 31, 2009
-------------------------------------
Total Growth Growth Payments Growth
Volume (Nominal (Constant Volume (Nominal
($ ($
billions) USD) USD) billions) USD)
---------- ---- ---- ---------- ----

All Visa Credit &
Debit
Asia Pacific $229 -6.5% 10.2% $147 -7.8%
Canada 36 -23.3% -0.8% 32 -22.2%
CEMEA 108 -4.8% 20.0% 17 -0.4%
LAC 128 -10.3% 16.3% 42 -9.3%
US 468 -4.2% -4.2% 379 -2.5%
-- - -
Visa Inc. 969 -6.5% 4.4% 617 -5.5%

Visa Credit
Programs
US $196 -15.5% -15.5% $176 -9.7%
Rest of World 236 -11.9% 6.8% 204 -11.0%
------------- - -
Visa Inc. 431 -13.6% -3.8% 380 -10.4%

Visa Debit
Programs
US $272 5.8% 5.8% $202 4.7%
Rest of World 265 -5.4% 18.7% 34 -2.5%
------------- - -
Visa Inc. 537 0.0% 12.2% 237 3.6%

For the 3 Months Ended March 31, 2009
-------------------------------------
Growth Payments Cash Growth
(Constant Transactions Volume (Nominal
($
USD) (millions) billions) USD)
---- ---------- ---------- ----

All Visa Credit &
Debit
Asia Pacific 9.3% 2,176 $82 -4.2%
Canada 0.5% 347 4 -30.6%
CEMEA 20.3% 294 91 -5.6%
LAC 15.8% 1,283 86 -10.7%
US -2.5% 7,511 89 -11.0%
-- --- -
Visa Inc. 2.3% 11,611 352 -8.4%

Visa Credit
Programs
US -9.7% 2,085 $19 -47.0%
Rest of World 7.4% 3,105 32 -17.7%
------------- --- -
Visa Inc. -0.6% 5,189 51 -31.7%

Visa Debit
Programs
US 4.7% 5,427 $70 9.2%
Rest of World 25.2% 996 231 -5.8%
------------- - -
Visa Inc. 7.7% 6,422 301 -2.7%

For the 3 Months Ended March 31, 2009
-------------------------------------
Growth Cash Accounts Cards
(Constant Transactions (millions) (millions)
USD) (millions) ---------- ----------
---- ----------

All Visa Credit &
Debit
Asia Pacific 12.1% 545 420 505
Canada -10.3% 9 23 31
CEMEA 19.9% 666 178 182
LAC 16.5% 775 313 341
US -11.0% 700 482 665
-- - - -
Visa Inc. 8.2% 2,695 1,417 1,723

Visa Credit
Programs
US -47.0% 22 240 318
Rest of World 2.8% 131 418 480
------------- - - -
Visa Inc. -21.9% 153 658 797

Visa Debit
Programs
US 9.2% 678 242 347
Rest of World 17.7% 1,864 517 578
------------- --- - -
Visa Inc. 15.8% 2,542 759 925

For the 3 Months Ended December 31, 2008
Total Growth Growth Payments Growth
Volume (Nominal (Constant Volume (Nominal
($ ($
billions) USD) USD) billions) USD)
--------- ---- ---- --------- ----

All Visa Credit &
Debit
Asia Pacific $243 1.1% 11.5% $161 2.1%
Canada 43 -16.3% 2.1% 38 -15.4%
CEMEA 136 18.5% 34.2% 20 11.9%
LAC 144 -1.2% 22.0% 47 -0.4%
US 505 -1.9% -1.9% 409 -1.0%
-- - -
Visa Inc. 1,071 0.4% 8.1% 675 -0.9%

Visa Credit
Programs
US $231 -9.0% -9.0% $203 -6.9%
Rest of World 266 -2.3% 11.2% 228 -1.6%
------------- - -
Visa Inc. 496 -5.5% 1.4% 431 -4.2%

Visa Debit
Programs
US $275 5.0% 5.0% $206 5.6%
Rest of World 301 7.1% 24.4% 38 5.9%
------------- - -
Visa Inc. 575 6.1% 14.7% 244 5.6%

For the 3 Months Ended December 31, 2008
Growth Payments Cash Growth
(Constant Transactions Volume (Nominal
($
USD) (millions) billions) USD)
---- ---------- --------- ----

All Visa Credit &
Debit
Asia Pacific 12.6% 2,227 $82 -0.9%
Canada 3.2% 395 4 -23.5%
CEMEA 30.1% 306 117 19.7%
LAC 22.0% 1,344 97 -1.6%
US -1.0% 7,831 96 -5.3%
-- --- -
Visa Inc. 4.7% 12,103 397 2.6%

Visa Credit
Programs
US -6.9% 2,380 $28 -21.7%
Rest of World 11.5% 3,228 37 -5.9%
------------- --- -
Visa Inc. 2.5% 5,608 65 -13.4%

Visa Debit
Programs
US 5.6% 5,451 $69 3.4%
Rest of World 28.6% 1,043 263 7.3%
------------- --- -
Visa Inc. 9.0% 6,495 331 6.5%

For the 3 Months Ended December 31, 2008
Growth Cash Accounts Cards
(Constant Transactions (millions) (millions)
USD) (millions) ---------- ----------
---- ----------

All Visa Credit &
Debit
Asia Pacific 9.4% 533 414 501
Canada -6.6% 9 23 30
CEMEA 35.0% 708 174 179
LAC 22.0% 848 312 340
US -5.3% 711 487 668
-- - - -
Visa Inc. 14.2% 2,809 1,409 1,718

Visa Credit
Programs
US -21.7% 28 258 335
Rest of World 9.4% 148 415 478
------------- - - -
Visa Inc. -5.8% 176 673 813

Visa Debit
Programs
US 3.4% 683 229 333
Rest of World 23.7% 1,949 507 572
------------- --- - -
Visa Inc. 19.2% 2,633 737 905

For the 3 Months Ended September 30, 2008
-----------------------------------------
Total Growth Growth Payments Growth
Volume (Nominal (Constant Volume (Nominal
($ ($
billions) USD) USD) billions) USD)
---------- ---- ---- ---------- ----

All Visa
Credit &
Debit
Asia
Pacific $250 16.4% 19.9% $163 16.3%
Canada 50 5.5% 9.1% 44 6.9%
CEMEA 144 43.4% 42.5% 21 38.6%
LAC 159 31.3% 27.0% 51 32.9%
US 525 7.3% 7.3% 421 8.6%
-- - -
Visa Inc. 1,128 16.0% 15.9% 701 12.5%

Visa
Credit
Programs
US $245 2.0% 2.0% $213 3.5%
Rest of
World 280 15.6% 17.9% 239 16.1%
------- --- ---
Visa Inc. 526 8.9% 9.9% 452 9.8%

Visa Debit
Programs
US $280 12.4% 12.4% $208 14.3%
Rest of
World 322 33.8% 32.5% 41 37.5%
------- --- ---
Visa Inc. 602 23.0% 22.0% 249 17.5%

For the 3 Months Ended September 30, 2008
-----------------------------------------
Growth Payments Cash Growth
(Constant Transactions Volume (Nominal
($
USD) (millions) billions) USD)
---- ---------- ---------- ----

All Visa Credit &
Debit
Asia Pacific 19.8% 2,144 $87 16.6%
Canada 10.6% 395 5 -4.9%
CEMEA 40.6% 280 123 44.3%
LAC 28.7% 1,237 108 30.5%
US 8.6% 7,688 104 2.4%
-- --- -
Visa Inc. 13.2% 11,744 427 22.2%

Visa Credit Programs
US 3.5% 2,367 $32 -7.0%
Rest of World 18.7% 3,115 41 12.9%
------------- --- -
Visa Inc. 11.1% 5,482 74 3.2%

Visa Debit Programs
US 14.3% 5,321 $71 7.3%
Rest of World 37.6% 941 282 33.3%
------------- - -
Visa Inc. 17.5% 6,262 353 27.1%

For the 3 Months Ended September 30, 2008
-----------------------------------------
Growth Cash Accounts Cards
(Constant Transactions (millions) (millions)
USD) (millions) ---------- ----------
---- ----------

All Visa Credit &
Debit
Asia Pacific 20.0% 525 400 480
Canada -1.6% 9 24 32
CEMEA 42.9% 671 169 176
LAC 26.2% 798 301 334
US 2.4% 745 474 651
-- - - -
Visa Inc. 21.0% 2,748 1,368 1,673

Visa Credit Programs
US -7.0% 30 263 336
Rest of World 13.6% 153 410 473
------------- - - -
Visa Inc. 3.3% 183 672 809

Visa Debit Programs
US 7.3% 714 211 314
Rest of World 31.7% 1,851 484 549
------------- --- - -
Visa Inc. 25.6% 2,565 695 863

For the 12 Months Ended June 30, 2010
-------------------------------------
Total Growth Growth Payments Growth
Volume (Nominal (Constant Volume (Nominal
($ ($
billions) USD) USD) billions) USD)
---------- ---- ---- ---------- ----

All Visa Credit
& Debit
Asia Pacific $1,203 22.6% 13.6% $771 21.1%
Canada 201 15.6% 3.5% 183 18.0%
CEMEA 576 12.5% 13.4% 91 17.2%
LAC 717 23.4% 14.2% 240 27.1%
US 2,125 6.1% 6.1% 1,752 8.0%
-- ----- -----
Visa Inc. 4,822 13.4% 9.8% 3,037 13.3%

Visa Credit
Programs
US $833 -5.4% -5.4% $781 -0.4%
Rest of World 1,237 17.6% 8.5% 1,080 19.3%
------------- ----- -----
Visa Inc. 2,069 7.1% 2.4% 1,861 10.2%

Visa Debit
Programs
US $1,292 15.1% 15.1% $971 16.0%
Rest of World 1,460 22.1% 16.8% 206 34.1%
------------- ----- ---
Visa Inc. 2,753 18.7% 16.0% 1,176 18.8%

For the 12 Months Ended June 30, 2010
-------------------------------------
Growth Payments Cash Growth
(Constant Transactions Volume (Nominal
($
USD) (millions) billions) USD)
---- ---------- ---------- ----

All Visa Credit
& Debit
Asia Pacific 11.2% 10,063 $432 25.4%
Canada 5.7% 1,661 17 -5.1%
CEMEA 12.9% 1,425 484 11.7%
LAC 18.1% 5,843 478 21.7%
US 8.0% 35,250 373 -2.2%
-- ------ ---
Visa Inc. 9.6% 54,241 1,785 13.6%

Visa Credit
Programs
US -0.4% 9,142 $51 -46.5%
Rest of World 9.6% 14,231 157 7.3%
------------- ------ ---
Visa Inc. 5.2% 23,372 208 -14.0%

Visa Debit
Programs
US 16.0% 26,108 $322 12.7%
Rest of World 24.1% 4,760 1,254 20.3%
------------- ----- -----
Visa Inc. 17.3% 30,869 1,576 18.7%

For the 12 Months Ended June 30, 2010
-------------------------------------
Growth Cash
(Constant Transactions
USD) (millions)
---- ----------

All Visa Credit
& Debit
Asia Pacific 18.1% 2,233
Canada -15.1% 35
CEMEA 13.4% 3,156
LAC 12.3% 3,354
US -2.2% 3,139
-- -----
Visa Inc. 10.2% 11,917

Visa Credit
Programs
US -46.5% 73
Rest of World 1.5% 573
------------- ---
Visa Inc. -16.9% 646

Visa Debit
Programs
US 12.7% 3,066
Rest of World 15.7% 8,204
------------- -----
Visa Inc. 15.1% 11,270

For the 12 Months Ended June 30, 2009
-------------------------------------
Total Growth Growth Payments Growth
Volume (Nominal (Constant Volume (Nominal
($ ($
billions) USD) USD) billions) USD)
---------- ---- ---- ---------- ----

All Visa Credit
& Debit
Asia Pacific $981 3.3% 12.6% $636 2.7%
Canada 173 -11.5% 1.5% 155 -10.2%
CEMEA 511 11.1% 25.8% 78 12.3%
LAC 581 3.0% 20.0% 189 4.3%
US 2,003 -0.8% -0.8% 1,622 0.5%
-- --- ---
Visa Inc. 4,251 1.5% 7.7% 2,680 0.9%

Visa Credit
Programs
US $881 -9.3% -9.3% $785 -5.7%
Rest of World 1,051 -0.8% 10.0% 905 0.1%
------------- --- -
Visa Inc. 1,932 -4.9% 0.6% 1,690 -2.7%

Visa Debit
Programs
US $1,122 7.2% 7.2% $837 7.1%
Rest of World 1,196 7.7% 22.2% 153 10.9%
------------- --- -
Visa Inc. 2,319 7.5% 14.6% 990 7.7%

For the 12 Months Ended June 30, 2009
-------------------------------------
Growth Payments Cash Growth
(Constant Transactions Volume (Nominal
($
USD) (millions) billions) USD)
---- ---------- ---------- ----

All Visa Credit
& Debit
Asia Pacific 12.2% 8,862 $345 4.3%
Canada 3.0% 1,532 18 -21.1%
CEMEA 25.2% 1,204 434 10.9%
LAC 20.5% 5,166 393 2.4%
US 0.5% 31,319 382 -5.9%
-- ---- -
Visa Inc. 5.3% 48,084 1,571 2.4%

Visa Credit
Programs
US -5.7% 9,114 $96 -31.2%
Rest of World 10.6% 12,731 146 -6.1%
------------- ---- -
Visa Inc. 2.8% 21,845 242 -17.9%

Visa Debit
Programs
US 7.1% 22,204 $286 7.3%
Rest of World 28.2% 4,034 1,043 7.2%
------------- --- ---
Visa Inc. 10.1% 26,238 1,328 7.3%

Growth Cash Accounts Cards
(Constant Transactions (millions) (millions)
USD) (millions) ---------- ----------
---- ----------

All Visa Credit
& Debit
Asia Pacific 13.5% 2,143 424 512
Canada -9.4% 36 23 31
CEMEA 25.9% 2,781 179 184
LAC 19.7% 3,220 317 344
US -5.9% 2,920 482 661
-- --- - -
Visa Inc. 12.1% 11,099 1,426 1,732

Visa Credit
Programs
US -31.2% 101 233 309
Rest of World 5.8% 570 418 482
------------- - - -
Visa Inc. -12.2% 671 651 791

Visa Debit
Programs
US 7.3% 2,819 249 352
Rest of World 21.4% 7,609 526 589
------------- --- - -
Visa Inc. 18.1% 10,428 775 941

Footnote

The preceding tables present regional total volume, payments volume and cash
volume, and the number of payments transactions, cash transactions, accounts and
cards for cards carrying the Visa, Visa Electron and Interlink brands. Card
counts include PLUS proprietary cards. Nominal and constant dollar growth rates
over prior years are provided for volume-based data.

Payments volume represents the aggregate dollar amount of purchases made with
cards carrying the Visa, Visa Electron and Interlink brands for the relevant
period; and cash volume represents the aggregate dollar amount of cash
disbursements obtained with these cards for the relevant period and includes the
impact of balance transfers and convenience checks; but excludes proprietary
PLUS volume. Total volume represents payments volume plus cash volume.

Visa payment products are comprised of credit and debit programs, and data
relating to each program is included in the tables. Debit programs include
Visa's signature based and Interlink (PIN) debit programs.

The data presented is reported quarterly by Visa's members on their operating
certificates and is subject to verification by Visa. On occasion, members may
update previously submitted information.

Visa's CEMEA region is comprised of countries in Central Europe, the Middle East
and Africa. For the 3 months ended September, 2009, Pakistan and Afghanistan
were moved from the AP to CEMEA region. Several European Union countries in
Central Europe, Israel and Turkey are not included in CEMEA. LAC is comprised of
countries in Central and South America and the Caribbean. Rest of World includes
Asia Pacific, Canada, CEMEA and LAC.

Information denominated in U.S. dollars is calculated by applying an established
U.S. dollar/local currency exchange rate for each local currency in which Visa
Inc. volumes are reported ("Nominal USD"). These exchange rates are calculated
on a quarterly basis using the established exchange rate for each quarter. To
eliminate the impact of foreign currency fluctuations against the U.S. dollar in
measuring performance, Visa Inc. also reports year-over-year growth in total
volume, payments volume and cash volume on the basis of local currency
information ("Constant USD"). This presentation represents Visa's historical
methodology which may be subject to review and refinement.

2. Cross Border Volume

The table below represents cross border volume growth for cards carrying the
Visa, Visa Electron, Interlink and PLUS brands. Cross border volume refers to
payments and cash volume where the issuing country is different from the
merchant country.

Period Growth Growth
------ (Nominal (Constant
USD) USD)
---- ----

3 Months
Ended
--------
Jun 30, 2010 20% 17%
Mar 31, 2010 19% 12%
Dec 31, 2009 8% 2%
Sep 30, 2009 (9%) (5%)
Jun 30, 2009 (15%) (8%)
Mar 31, 2009 (15%) (6%)
Dec 31, 2008 (6%) 0%
Sep 30, 2008 14% 12%

12 Months
Ended
---------
Jun 30, 2010 8% 6%
Jun 30, 2009 (6%) 0%

3. Processed Transactions

The table below represents transactions involving Visa, Visa Electron, Interlink
and PLUS cards processed on Visa's networks.

Period Processed Growth
------ Transactions ------
(millions)
----------

3 Months
Ended
--------
Jun 30, 2010 11,721 14%
Mar 31, 2010 10,648 14%
Dec 31, 2009 10,924 12%
Sep 30, 2009 10,463 9%
Jun 30, 2009 10,266 8%
Mar 31, 2009 9,360 6%
Dec 31, 2008 9,797 8%
Sep 30, 2008 9,590 11%

12 Months
Ended
---------
Jun 30, 2010 43,755 12%
Jun 30, 2009 39,012 8%

SOURCE Visa Inc.

Subject Codes: PC/t.100728160505609, PT/lang.en, PC/ticker, IN/FIN,
SU/ERN, SU/ERP, SU/CCA, RE/California, PC/priority.r,
PC/category.f, PC/class.1248, PC/WAVO_....k.,
PC/APT_....k, PC/trade_k, PC/wavo5_k, PC/class.1019,
PC/WAVO_c....., PC/APT_c...., PC/state_c, PC/wavo1_c,
PC/class.1278, PC/class.1000, PC/WAVO_..b...,
PC/APT_..b.., PC/circuit_b, PC/wavo3_b,
PC/DataFeat_natl3, PC/port_32, PC/Billing_FC1,
PC/Billing_IRW, PC/Billing_RWB, PC/Billing_TNW,
PC/Billing_US1, PC/1stAcc_945598, PC/bureau_NY,
PC/port_01, PC/port_96, PC/port_31, PC/port_33,
PC/port_19, PC/port_91, PC/contact, PC/website,
PC/id_NY41139

Company Codes: NYSE:V, NYSE:V