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Johns Hopkins University Client-Server Design 773.716.71

Agenda Background who is Visa

The Challenges technical and business

Visa U-Commerce the concept

Direct Exchange the technological enabler Web Services the next best thing

Web Services VS Direct Exchange Conclusion

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Who is Visa?

Mission To enhance the competitivenessand profitability of its members

The worlds leading payment brand

Credit cards, debit cards, smart cards andcommercial cards

The vision is to remain The worlds best wayto pay and be paid

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A few facts about Visa

Over 1 billion Visa cards issued Visa cards accepted at over 22 million locations

worldwide

Over 50% of all e-commerce transactions are madeby Visa

Average of less than five seconds for paymentauthorization, anywhere in the world

VisaNet The worlds largest consumer payment system

Peak processing of 5,000 mps

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The Technical Considerations

Modernize the VisaNet infrastructure

Exploit Web-based technologies Provide an open, scalable platform

Improve VisaNet management monitoring

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The Business Considerations

Support new products and services Meet fast-to-market needs

Limit risks associated with e-commerce

Exploit cost-effective characteristics of Web-based technologies

Contain growing support costs for legacynetworks and VisaNet access points

Position Visa to recognize and exploit new

opportunities for member services

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Visa U-Commerce

Universal / Ubiquities Commerce

Consumers will be able to do business from

anywhere, anytime, and from any electronicdevice

Convergence of the current Point of Sale with

web based, wireless and other technologiesto create new levels of convenience and valuefor buyers and sellers

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U-Commerce The Challenges

Standards enables different devices tocommunicate with each other

Security extend physical security to virtualtransactions and in the process to ensureprivacy

Systems and infrastructure support theincreased volume of transactions

Simplicity make life more convenient and

simpler

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Direct-Exchange

Provides high levels of security, speed, andreliability

Serves as a private access portal that

provides integrated and secure financialservices

A public access portal creates opportunities toextend VisaNet capabilities to other deliverychannels

Capabilities include: m-commerce, smartcards, B2B, P2P and e-check conversion

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Direct-Exchange: High Level

Overview

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The contribution of Web

services for a business

Improve enterprise agility Generate new revenue streams

Reduce complexity

Achieve interoperability between systems

Build tighter relationships with business

partners and consumers Reduce maintenance costs while increasing

enterprise flexibility

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Should Visa convert to Web

Services?

Use of protocols such as HTTP and XML Low barrier to entry

Attractive to business partners

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Should Visa continue to utilize

Direct Exchange?

Security

Reliability

Speed

Manageability

Scalability

Roots of technology are 20 years old

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The Conclusion

Mission is to be The worlds best wayto pay and be paid

Needs to be secure, reliable, and fast Direct Exchange provides a better

alternative then Web Services

Direct Exchange is based on a proventechnology

Web Services is still in its infancy

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Any Questions?