Thursday, January 10, 2008

Visa named “World’s Leading Credit Card” for the 10th consecutive year

Visa for the 10th consecutive year named the “World’s Leading Credit Card.” The World Travel Awards, the prestigious awards ceremony acknowledged Visa for its significant achievements in all areas of the travel and tourism industry.

The criteria used for evaluating companies and organizations included scope of distribution, convenience and overall best services. On these criteria online polling of travel agencies and front-line travel agent is conducted and the best chosen company is awarded the prize.

“Visa is delighted to receive this most prestigious award,” said Doug Hambry, senior vice president of U.S. sales, Visa Inc. “Visa has been a partner to the travel industry and continues to aid in its growth, providing merchants access to millions of Visa cardholders and providing cardholders with unsurpassed acceptance worldwide. Additionally, Visa cardholders receive added value that goes beyond the convenience and confidence that Visa provides, through travel and entertainment programs linked to Visa payment cards. We are honored once more to receive this accolade from one of the industry’s most important awards programs.”

Throughout the year at online voting took place. More than 167,000 travel agents and professionals in over 160 countries worldwide casted their votes to let the world know who they think are the best in the travel industry. The winner was selected from the following payment cards – American Express, Diner's Club, JCB, MasterCard and Visa.

"For the past ten years Visa has won 'World's Leading Credit Card,' yet the competition and the marketplace have gotten bigger and tougher over this time," said Graham Cooke, president and founder of the World Travel Awards. "To consistently win year after year shows that Visa is able to stay ahead of the competition and consistently deliver a product that exceeds the expectations both of customers and those in the global travel trade."

The World Travel Awards was established in 1993. It held its 14th annual World Travel Awards Ceremony on 12 December 2007, at Beaches Turks & Caicos Resort and Spa, Providential in the Caribbean. The World Travel Awards honors leading travel-related organizations in worldwide and regional categories, ranging from airlines, hotels, beaches and cruise lines to credit cards, car rental companies and hotel reservation services.

Visa Inc. is having a strategic partnership with many leading global corporations and merchants, creating retail and travel and entertainment promotions that deliver extraordinary values to Visa cardholders worldwide. Visa's extensive merchant relationships and marketing partnerships, as well as its unmatched acceptance around the world, have promoted Visa growth in the retail and T&E arenas.

Visa have an innovative and interactive online travel portal, Visa Destinations, which gives Visa cardholders with retail and T&E offers from hundreds of merchants in key destination markets or by designated category around the world.

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