SAN FRANCISCO, June 26 /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