SAN FRANCISCO--(BUSINESS WIRE)--
"Visa has reached an agreement in principle with Discover to
settle litigation pending since 2004. The specific terms of the
settlement are still being negotiated and will be made available when
a final agreement has been reached.
"The settled claims are covered by the company's retrospective
responsibility plan, a mechanism for addressing potential liability in
certain Visa litigation. More information on the plan is available in
the company's Final Prospectus, dated March 18, 2008, at www.sec.gov."
About Visa Inc.
Visa Inc. operates the world's largest retail electronic payments
network providing processing services and payment product platforms.
This includes consumer credit, debit, prepaid and commercial payments,
which are offered under the Visa, Visa Electron, Interlink and PLUS
brands. Visa enjoys unsurpassed acceptance around the world, and
Visa/PLUS is one of the world's largest global ATM networks, offering
cash access in local currency in more than 170 countries. For more
information, visit www.corporate.visa.com.
Forward Looking Statements
Certain statements contained in this press release are
forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933, as amended, and Section 21E of the Securities
Exchange Act of 1934, as amended, which are subject to the "safe
harbor" created by those sections. These statements can be identified
by the terms "anticipate," "believe," "continue," "could," "estimate,"
"expect," "intend," "may," "plan," "potential," "predict," "project,"
"should," "will" and similar expressions which are intended to
identify forward-looking statements. In addition, any underlying
assumptions are forward-looking statements. Such forward-looking
statements include but are not limited to statements regarding certain
of Visa's goals and expectations with respect to adjusted earnings per
share, revenue, adjusted operating margin, and free cash flow, and the
growth rate in those items, as well as other measures of economic
performance.
By their nature, forward-looking statements: (i) speak only as of
the date they are made, (ii) are not guarantees of future performance
or results and (iii) are subject to risks, uncertainties and
assumptions that are difficult to predict or quantify. Therefore,
actual results could differ materially and adversely from those
forward-looking statements as a result of a variety of factors,
including all the risks discussed under the heading "Risk Factors" in
our Prospectus dated March 18, 2008, filed with the U.S. Securities
and Exchange Commission pursuant to Rule 424(b)(4) on March 19, 2008.
You are cautioned not to place undue reliance on such statements,
which speak only as of the date of this press release. Unless required
to do so under U.S. federal securities laws or other applicable laws,
we do not intend to update or revise any forward-looking statements.
Source: Visa Inc.