News Details

Visa Expands Small Business Savings Program with Leading Companies

04/06/2010
Visa SavingsEdge Program Designed to Help Small Businesses Control Costs with Discounts on Qualifying Purchases at Leading Companies Such as Staples, Orbitz, USA TODAY, La Quinta Inns & Suites and Box.net

SAN FRANCISCO, Apr 06, 2010 (BUSINESS WIRE) --Visa Inc. (NYSE: V) today announced the latest companies to join Visa SavingsEdge, Visa's small business savings program, including Staples, Orbitz, USA TODAY, La Quinta Inns & Suites and Box.net. The Visa SavingsEdge program is designed to help small businesses save money by providing automatic discounts on qualifying purchases made with an eligible, enrolled Visa Business credit or debit card [1]. Small business cardholders that participate in the program currently have access to savings with merchants at over 14,000 physical retail locations, in addition to discounts at 50,000 hotels through Orbitz.

"Visa SavingsEdge extends the purchasing power of Visa Small Business cardholders, by offering automatic discounts on everyday purchases from participating merchants," said Raghav Lal, Head of Global Small Business, Visa Inc. "Visa SavingsEdge allows enrolled small business cardholders to take advantage of discounts that are more typically available only to larger businesses."

Below is a sample of some of the offers currently included in the Visa SavingsEdge program[2]:

  • 5% off purchases of $100 or more at Staples and Staples.com
  • 5% off rooms booked on Orbitz.com
  • 10% off USA TODAY subscriptions
  • 5% off completed stays at La Quinta Inns & Suites
  • 15% off Box.net Cloud Content Management Solution

Visa SavingsEdge

Launched in 2008, Visa SavingsEdge offers a unique and compelling selection of discount offers from participating merchants that are intended to meet the diverse needs of small businesses everywhere, providing automatic discounts on travel and office supplies as well as marketing services, gifts and computer equipment. The discounts require no coupons or codes, because they are applied as statement credits on future account statements. Through participating issuers, over 10 million Visa Small Business cardholders are eligible to enroll in this program today.

Visa SavingsEdge can be a helpful tool for small business owners who want to control expenses and manage cash flow in a more effective manner. Recent Visa Business research indicates 52% of small business owners listed cash flow as a primary concern. [3].

"Participating in Visa SavingsEdge provides another avenue for Staples to reach its customers with relevant and compelling offers and reflects our ability to provide the types of products and services that businesses need at a great value," said John Giusti, vice president of small business marketing, Staples, Inc.

Visa and Small Business

Visa provides a suite of payment cards and payments related services that issuers deliver directly to small business customers to help them manage and grow their businesses. Visa's complete offering of small business tools includes Visa SavingsEdge, in addition to solutions ranging from spend management and monitoring software to optimization and cash flow tools.

1] SavingsEdge is available to cardholders of participating issuers who enroll by registering their card at: http://www.visasavingsedge.com.

2] Merchant offers are subject to terms and conditions at http://www.visasavingsedge.com.

3] The full Spend Insights report is available online at: http://usa.visa.com/business/resource_center/spend_insights.html

About Visa Inc.

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 digital currency. Underpinning digital currency is the world's most advanced processing network--VisaNet--that is capable of handling more than 10,000 transactions a second, with fraud protection for consumers and guaranteed 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. For more information, visit http://www.corporate.visa.com.

SOURCE: Visa Inc.

Visa Inc.
Matthew Flegal, 415-932-2564
globalmedia@visa.com