Visa Inc. (NYSE:V), the global leader in payments, today announced the opening of One Market, a 112,000 square foot innovation center and office space at One Market Street in San Francisco. The move provides Visa technologists, clients, partners and the Bay Area tech community an innovative space to jointly develop the next generation of commerce applications.
“I am excited that Visa has chosen San Francisco as home for its new technology and innovation center,” said Mayor Edwin M. Lee. “With our world-class, diverse workforce, San Francisco is an ideal hub of innovation for Visa and their many clients and partners.”Today, in celebration of the grand opening of One Market, Visa is hosting clients, merchants, technology partners and press from around the globe to showcase innovations relevant to the future of commerce. As part of the event, Visa will launch a new online payment service called Visa Checkout, which makes purchases from a desktop, mobile device or from within a mobile app intuitive and simple. Please join us via web cast to view the event live. About Visa Visa is a global payments technology company that connects consumers, businesses, financial institutions, and governments in more than 200 countries and territories to fast, secure and reliable electronic payments. We operate one of the world’s most advanced processing networks — VisaNet — that is capable of handling more than 47,000 transaction messages a second, with fraud protection for consumers and assured payment for merchants. Visa is not a bank and does not issue cards, extend credit or set rates and fees for consumers. Visa’s innovations, however, enable its financial institution customers to offer consumers more choices: pay now with debit, ahead of time with prepaid or later with credit products. 1 Internet of Everything Research Project, May 2013 2 Pew Research Internet Project, May 2014