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(2) A report on the accountability in VISA company in 4 areas of accountability; describe and explain each of these selected issues and secondly describe how each issue is implemented in VISA company - Research Paper Example

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Business organisations are thus required to conduct their operations with better accountability for better competitiveness in the worldwide market segments…
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(2) A report on the accountability in VISA company in 4 areas of accountability; describe and explain each of these selected issues and secondly describe how each issue is implemented in VISA company
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Extract of sample "(2) A report on the accountability in VISA company in 4 areas of accountability; describe and explain each of these selected issues and secondly describe how each issue is implemented in VISA company"

Download file to see previous pages Subsequently, VISA Company (henceforth VISA), operating as a payments technology based global organisation and offering different products such as debit, prepaid as well as credit services to its worldwide customers need to consider the asserted areas (VISA, 2014). This research paper emphasizes the different issues relating to Corporate Social Responsibility (CSR), Sustainability, Models of accountability and Codes developed by OECD, which are required to be mitigated to assist VISA in performing its operation accountably to yield long-run sustainability.
VISA is an international payment corporation, which connects customers, businesses and governments. It was established in 2007 and since then, the company has enlarged its business to above 200 nations. The key function of the company has thus been concentrated to maintain electronic payments. It runs various payment networks and enables approval, clearance and disbursement of payment transactions in the global extent. It also provides security to the customers for protection of frequent activities and ensures proper payment between parties. VISA performs in ‘open loop payment network’ by which, it is able to connect and manage the exchange of financial information between various banks, financial institutions and account holders among others. Headquartered in San Francisco, VISA presently has about 14,400 financial institution customers, with 2.1 million ATMs and about 2.2 billion cards. The organisation has established one of the most sophisticated transaction processing networks, which is able to manage above 47,000 financial transactions per second. Furthermore, VISA has also remained committed towards dependable, convenient and safe financial transactions. VISA’s transaction processing services continue to expand to address the requirements of customers worldwide. The technology of VISA also make it simple for merchants to ...Download file to see next pagesRead More
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