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Electronic Exchange Of Value, And The International Success Of Visa By Dee Hock

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Electronic Exchange Of Value, And The International Success Of Visa By Dee Hock
Dee Hock is the founder and the CEO of the Visa international who developed global system for the electronic exchange of value in a single form of business organization. The international success of Visa according to Dee Hock is through the approaches he used based on integrity, motivation, capacity, understanding, knowledge as well as experience. Therefore, without integrity, motivation is dangerous; lacking motivation, capacity is powerless; lack of capacity, understanding is limited; devoid of understanding, knowledge is meaningless hence not including knowledge experience is blind.
The term chaordic as used by Dee Hock implies the tiresome structure of innovations and operating experiences he used while inventing the Visa credit card. …show more content…
The community is composed of what is not measurable for which no records kept as well as recompense. Nonmonetary exchange of values arises from altruistic motives whereby self-interest is inseparable since it is connected with the community interest. According to Hock, community is not all about profit but it is all about benefit. Therefore, the community should to report any kind of fraud occurred to the Equifax, TransUnion and Experian agencies for help. Further, he urged the community at large to scan the document of the Visa card in order to have a backup in cases they misplace the …show more content…
Majorly, it facilitates electronic fund transfer globally. Actually, Visa provides financial institution with Visa-branded payment products that they use in most cases to offer credit, debit, prepaid as well as cash-access series to their customers. Visa has operations across different countries since separate membership entity license the trademarks for issuing of the Visa cards. Visa card is governed through basic laws since human being had the ability to receive, process as well as react to the information. The ATM operators’ rules effectively in order to fix ATM access
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