They were the first company to introduce a card with a revolving credit facility for consumers. And as you're undoubtedly aware, the idea took off. In 1976 BankAmericard became Visa. And in 2008, Visa Inc went public. At the time, it was the biggest IPO in stock market history. V reports its operating activities under a single segment: Payment Services. The majority of Payment Services revenue comes from fees on payments made with Visa branded cards. But the company also earns money from other financial services, like authorizing and clearing transactions, currency conversion and cross-border payments, and Visa-branded partner cards. Given this wide array of services, it's no surprise that V has a large share of consumer wallet. The company offers debit and credit cards, with high penetration in the United States, as well as internationally. All of these products