Visa, Inc. has come to the conclusion that in order to become user-friendly to merchant acquirers, merchants and card issuers that it will need to do away with almost half other their operating rules. Currently there are over 1,500 pages to the rules as stated by chief executive Charles W. Scharf on Thursday April 24. During the Visa second-quarter fiscal 2014 earnings conference call, Scharf released this revelation. During that same call he also touched on the fact that Visa was getting caught up in the Russia-Ukraine tensions. After discussing the fact that Visa had talked earlier about making the […]

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