FOR IMMEDIATE RELEASE: April 9, 2008
FOR MORE INFORMATION:
(703) 683-5004, ext. 108
Visa Inc. Statement Regarding Release of Jump$tartís Biennial Youth Financial Literacy Survey
"Today's survey results, once again, underscore the urgent need to improve the financial literacy of America's teenagers and young adults.
"As a Jump$tart Board Member, Visa Inc. applauds the Coalition for their longstanding efforts to address this serious issue by working to strengthen the financial muscles of America's youth.
"Visa has had a decade-long commitment of promoting financial literacy for teachers, students, parents and consumers of all ages. Visa's free Practical Money Skills for Life (www.practicalmoneyskills.com) and What's My Score (www.whatsmyscore.org) programs have helped millions of Americans master the fundamentals of budgeting, saving and the wise use of credit.
"Visa has also stepped forward to make promoting financial literacy for all Americans a policy priority, including creating the annual Financial Literacy and Education Summit with the Federal Reserve Bank of Chicago being held this year on April 21.
"Today's Jump$tart's survey results demonstrate that providing the proper tools and resources is necessary to help all Americans have successful financial futures, and Visa remains committed to that effort."
About Visa USA
Visa USA is a leading payments brand and the nation's largest payments system, enabling banks to provide their consumer and business customers with a wide variety of payment alternatives tailored to meet their evolving needs. Visa USA is committed to increasing the choice, convenience, acceptance and security of Visa payments for all stakeholders financial institutions, cardholders and merchants. As of March 31, 2007, in the United States, more than 521 million Visa-branded cards have been issued by more than 13,000 financial institution customers. Visa products generated $1.8 trillion in total volume in the United States during the four quarters ended March 31, 2007. Visa enjoys unsurpassed acceptance around the globe. For more information, visit www.visa.com.
For more information or to schedule an interview with a Visa USA spokesperson, please contact Steve Burke at (703) 946-5737.
# # #