Visa (V) Q3 2010 Earnings Call July 28, 2010 5:00 pm ET Executives Joseph Saunders - Executive Chairman and Chief Executive Officer Jack Carsky - Byron Pollitt - Chief Financial Officer and Principal Accounting Officer Analysts James Friedman - Susquehanna Financial Group, LLLP Adam Frisch - Morgan Stanley Greg Smith - Duncan-Williams, Inc. Sanjay Sakhrani - Keefe, Bruyette, & Woods, Inc. Craig Maurer - Credit Agricole Securities (USA) Inc. Robert Napoli - Piper Jaffray Companies Thomas McCrohan - Janney Montgomery Scott LLC Julio Quinteros - Goldman Sachs Group Inc. Christopher Mammone - Deutsche Bank AG David Parker - Lazard Capital Markets LLC Tien-Tsin Huang - JP Morgan Chase & Co Bruce Harting - Barclays Capital Andrew Jeffrey - SunTrust Robinson Humphrey Capital Markets Rod Bourgeois - Bernstein Research Christopher Brendler - Stifel, Nicolaus & Co., Inc. David Hochstim - Buckingham Research Group, Inc. Jason Kupferberg - UBS Investment Bank Timothy Willi - Wells Fargo Securities, LLC James Kissane - BofA Merrill Lynch PresentationOperator
Welcome to Visa Inc.'s Fiscal Q3 2010 Earnings Conference Call. [Operator Instructions] I would now like to turn the conference over to your host, Mr. Jack Carsky, Head of Global Investor Relations. Mr. Carsky, you may begin. Jack Carsky Good afternoon, and welcome to Visa Inc.'s Fiscal Third Quarter 2010 Earnings Conference Call. With us today are Joe Saunders, Visa's Chairman and Chief Executive Officer; and Byron Pollitt, Visa's Chief Financial Officer. This call is currently being webcast over the Internet. It can be accessed on the Investor Relations section of our website at www.investor.visa.com. A replay of the webcast will also be archived on our site for 30 days. The PowerPoint deck containing highlights of today's commentary was posted to our website prior to this call.