Rajat Taneja Joins Visa Inc. as Executive Vice President of Technology

FOSTER CITY, Calif., Nov. 18, 2013 /PRNewswire/ -- Visa Inc. (NYSE: V) today announced the appointment of Rajat Taneja as Executive Vice President of Technology. In this role, Mr. Taneja will be responsible for Visa's global technology function including development and delivery of innovative products, engineering and technology operations across the company, as well as ongoing research and development.  Mr. Taneja will report directly to Charlie Scharf, CEO of Visa Inc.

"Rajat brings over 20 years of experience as an established global technology executive, and I believe he will play a pivotal role in defining how Visa can take advantage of new innovations, collaborate with technology leaders, grow our business and drive even greater value for our merchant and financial institution clients," said Charlie Scharf, CEO of Visa Inc.  "I am confident that Rajat will build on Visa's 50 years of innovation and continue to expand our best-in-class payments network."

Mr. Taneja joins Visa from Electronic Arts where he was Chief Technology Officer responsible for the company's global technology and investment decisions, management of platform engineering, data center operations and global IT.  Prior to EA, Mr. Taneja spent 15 years at Microsoft where he last served as Corporate Vice President of the company's commerce division, which included the development and deployment of Microsoft's online commerce and service platforms behind Xbox Live, Windows Phone, Azure, Office 365 and MSN.  Mr. Taneja holds a bachelor's degree in electrical engineering from Jadavpur University, India, and an MBA from Washington State University.

"Visa has a rich history of innovation and has built a payment network of unsurpassed performance at scale. I am proud to join a company that continues to demonstrate leadership in global electronic payments," said Mr. Taneja.  "I couldn't be more excited to join the team at this exciting time."

About Visa 

Visa is a global payments technology company that connects consumers, businesses, financial institutions, and governments in more than 200 countries and territories to fast, secure and reliable electronic payments. We operate one of the world's most advanced processing networks — VisaNet — that is capable of handling more than 30,000 transaction messages a second, with fraud protection for consumers and assured payment for merchants. Visa is not a bank and does not issue cards, extend credit or set rates and fees for consumers. Visa's innovations, however, enable its financial institution customers to offer consumers more choices: pay now with debit, pay ahead of time with prepaid or pay later with credit products. For more information, visit corporate.visa.com.

Contacts

Investor Relations: Jack Carsky or Victoria Hyde-Dunn, 650-432-7644, ir@visa.com 
Media Relations: Paul Cohen, 650-432-1125, globalmedia@visa.com 

SOURCE Visa Inc.



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