Visa, Credit Card Giant, Files Documents with SEC

Visa is following the lead of MasterCard Inc. It wants to become a publicly traded company. This way, it will streamline its operations and raise capital to invest in new payment technologies. The U.S credit card giant took its first step toward becoming a public company. So the public is poised to buy more than 775 million shares outstanding. They are shares that are currently owned by member banks.

Visa is based in San Francisco. It processes transactions for banks that issue its branded cards.

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