Beer industry essays

Beer industry essays Australia is the sixth-largest credit card market globally. Credit cards represent an attractive method of payment for Australians as most domestic cards are linked to frequent-flier schemes. The Visa card is probably the most widely known credit card in the world with around 21,000 member financial institutions globally. A study made by Interbrand, an international research firm, revealed that Visa ranked 14th internationally in terms of brand recognition behind corporations such as Coca-Cola and IBM. Visa is more than just a credit card. Visa provides customers with the most secure and flexible forms of payments that presents an opportunity to make a money transfer at anytime, around the world. Visa itself does not issue cards, but there are more than 600 channels of distribution, that are Visa member financial institutions(www.visa.com.au). In Australia and Asia, there are a broad selection of Visa payment products including credit and debits cards, corporate, purchasing and busin ess cards, Travelers Cheques and Visa Travel Money. All these products provide customers with a high level of security, reliability and convenience. One of the main environmental influences that is currently impacting Visa organization is information technology. Visa has introduced many innovative technologies to further enhance their service contribution to the market. For example, network is critically important to the membership of thousands of financial institutions that jointly establish rules, standards, and interchange fees(De La Llana, 1998). Several of the business practices in using the credit card network include no-surcharge and non-discrimination rules, collective determination of interchange fees, honor-all-card provisions(www.visa.com.au). Another improvement in information technologies is that 4,000 are the maximum transactions Visa can handle per second. Last year the Visa system handled approximately 37 billion transactions, with a tota...