Electronic Value Exchange: Origins of the VISA Electronic


Electronic Value Exchange: Origins of the VISA Electronic Payment System (History of Computing) Electronic Value Exchange examines in detail the transformation of the VISA electronic payment system from a collection of non integrated, localized, paper based bank credit card programs into the cooperative, global, electronic value exchange network it is today Topics and features provides a history of the VISA system from the mid s to the early s presents a historical narrative based on research gathered from personal documents and interviews with key actors investigates, for the first time, both the technological and social infrastructures necessary for the VISA system to operate supplies a detailed case study, highlighting the mutual shaping of technology and social relations, and the influence that earlier information processing practices have on the way firms adopt computers and telecommunications examines how gateways in transactional networks can reinforce or undermine established social boundaries, and reviews the establishment of trust in new payment devices ➽ [Download] ✤ Como fazer Investigação, Dissertações, Teses e relatórios By Maria José Sousa ➲ – 9facts.co.uk localized [EPUB] ✹ As Receitas da TV ✾ Maria de Lourdes Modesto – 9facts.co.uk paper based bank credit card programs into the cooperative ☁ [PDF / Epub] ☀ Os Objetos Supremos (Mundo de Bhardo, By Livia Stocco ✎ – 9facts.co.uk global ❰PDF / Epub❯ ☄ Mate Me [If You May] (The Millennium Wolves, Author Sapir Englard – 9facts.co.uk electronic value exchange network it is today Topics and features provides a history of the VISA system from the mid s to the early s presents a historical narrative based on research gathered from personal documents and interviews with key actors investigates ❮Download❯ ➾ The Dog Who Spoke and More Mayan Folktales Author James D. Sexton – 9facts.co.uk for the first time [BOOKS] ⚣ Angular 2 Book Author Nathan Wu – 9facts.co.uk both the technological and social infrastructures necessary for the VISA system to operate supplies a detailed case study [BOOKS] ⚡ The State of Creativity ✯ James Griffin – 9facts.co.uk highlighting the mutual shaping of technology and social relations [Download] ➽ Haywire ➽ Brooke Hayward – 9facts.co.uk and the influence that earlier information processing practices have on the way firms adopt computers and telecommunications examines how gateways in transactional networks can reinforce or undermine established social boundaries [Reading] ➿ A Mothers Confession By Kelly Rimmer – 9facts.co.uk and reviews the establishment of trust in new payment devices


About the Author: David L. Stearns

Is a well known author, some of his books are a fascination for readers like in the Electronic Value Exchange: Origins of the VISA Electronic Payment System (History of Computing) book, this is one of the most wanted David L Stearns author readers around the world.



10 thoughts on “Electronic Value Exchange: Origins of the VISA Electronic Payment System (History of Computing)

  1. Prasanna Prasanna says:

    This book chronicles the various aspects of how Visa came together from the beginning of what started out as BankAmericard from Bank of America in San Francisco to Visa launching its own debit card after many decades of trying to do so It does a really good job of painting a good picture of the technical challenges that Visa faced and solved, including the scaling challenges The book paints an interesting picture of the founder of Visa Dee Hock too His pursuit of Electrinic Value Exchan This book chronicles the various aspects of how Visa came together from the beginning of what started out as BankAmericard from Bank of America in San Francisco to Visa launching its own debit card after many decades of trying to do so It does a really good job of painting a good picture of the technical challenges that Visa faced and solved, including the scaling challenges The book paints an interesting picture of the founder of Visa Dee Hock too His pursuit of Electrinic Value Exchange is what made a lot of the future of VISA possible In many ways, Visa is an interesting challenge How do you make a bunch of competing banks cooperate with each other This is eventually enshrined in the Visa motto _Studium Ad Prosperandum_, or the Will to Succeed, and _Voluntas in Conveniendum_, or the Grace to Compromise These come together at a dramatic meeting between Hock and the the leads of the member banks at a dinner where he gifts them cuff links with those words written, leading to a consensus to compromise.There s a meta layer that the author talks about Dee Hock s autobiography that I found really interesting, in that how he wanted history to remember him and what motivated him The self organizing Chaordic organization system that Dee Hock built Visa upon is very interesting too I think this started falling apart because the Banks started seeing Visa as a threat to themselves, when Hock went around them to make a deal with JC Penney and also started offering debit cards The final nail in the coffin seemed to be the office he created that showcased Visa as a powerhouse multi national corporation At the time Visa wasn t a publicly traded corporation and the banks perceived Visa as their employees and saw Hock overreaching Eventually the magic faded, but the legacy still lives on.Fundamentally what made Visa a great story is that they built a trust on their technical solutions in the form of BASE I and BASE II systems These systems allowed the banks to handle frauds faster and built a scalable system around it that could go international just as easily They provided services on top of what the banks offered to handle settling transactions initially too They used the transaction fees as a way to manage incentives in the system, increase adoption which was quite interesting.I found it really interesting that they decided to use the telephone lines to help increase adoption by merchants since they were already using phone lines to confirm transactions that was over the floor limit Overall, this is a very thoroughly researched book, that is also very well written and entertaining to read

  2. Anjar Priandoyo Anjar Priandoyo says:

    I read this book as a reminder to anyone that would like to challenge VISA VISA is very fundamentally strong business 1 It has a very good business model, 1960 70 four party instead Diners, Amex third party 2 It battle proven against similar concept, 1980 1990 ATM, EFT 3 VISA and Mastercard, basically a duopoly, a self regulated industry So I can say it will defeated the electronic money and digital wallet business in 2000 2020 Visa already win several battles 1 online EFT, 2000 paypa I read this book as a reminder to anyone that would like to challenge VISA VISA is very fundamentally strong business 1 It has a very good business model, 1960 70 four party instead Diners, Amex third party 2 It battle proven against similar concept, 1980 1990 ATM, EFT 3 VISA and Mastercard, basically a duopoly, a self regulated industry So I can say it will defeated the electronic money and digital wallet business in 2000 2020 Visa already win several battles 1 online EFT, 2000 paypal 2 digital wallet, 2010 apple pay, google wallet I get the notion that many fanboy here would proudly saying that insert a name here will replace VISA Mastercard domination It is like saying Google will replace Wikipedia VISA will not be replaceable, even if Apple mandatory use of Apple Pay in its paystore

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