Visa and Bank of America Renew Partnership Through 2011
After openly entertaining the thought of running its own credit card processing network, Bank of America has decided to stick with Visa, signing an agreement that will keep the two joined through 2011. Bank of America is the largest issuer of Visa cards.
Bank of America CEO Ken Lewis had told the Wall Street Journal back in April that he wasn’t pleased that Bank of America has been helping to build the Visa brand when it could be building its own. Lewis was quoted as saying “Why not become the old BankAmericard again?”
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