TORONTO, Feb. 9 /CNW/ - "Today Visa congratulates the Task Force on
Financial Literacy for the release of its final report and its
thoughtful and practical recommendations on the development of a
national strategy on financial literacy in Canada. Visa looks forward
to working with the Task Force, the Minister of Finance and other
stakeholders to implement the report's recommendations and continue
improving financial literacy for Canadians.
"Visa, which is recognized as a global leader in the development and
promotion of financial literacy programs, was an enthusiastic
participant in the Task Force's consultation process. Visa appeared
before the Task Force and provided a written submission to share best
practices based on our global experience.
"Last year Visa was honoured to host a member of the Task Force at the
Financial Literacy and Education Summit, which Visa co-hosts annually
with the Federal Reserve Bank of Chicago. On April 4th, 2011, Visa will co-host the fifth annual Summit, which will focus on
how government and financial education leaders, in collaboration with
industry, can work together to equip consumers with the tools needed to
make wise financial decisions.
"Visa's financial education program was first launched in 1995, and is
now active and localized in more than 30 countries around the world. As
the world's leading payment systems network, and one of the few global
financial service companies, Visa has the international expertise,
local knowledge and the proven commitment to reach, educate and empower
individuals with sound personal money management skills, building a
strong foundation for global economic growth.
"In Canada, Visa supports the expansion and retention of basic financial
skills through two programs: Choices & Decisions, an in-class student and teacher resource; and Practical Money Skills, an online resource that offers practical financial advice and
interactive money management tools including games, calculators, budget
planners and quizzes.
Visa is a global payments technology company that connects consumers,
businesses, financial institutions and governments in more than 200
countries and territories to fast, secure and reliable digital
currency. Underpinning digital currency is one of the world's most
advanced processing networks—VisaNet—that is capable of handling more
than 10,000 transactions a second, with fraud protection for consumers
and guaranteed payment for merchants. Visa is not a bank, and does not
issue cards, extend credit or set rates and fees for consumers. Visa's
innovations, however, enable its financial institution customers to
offer consumers more choices: Pay now with debit, ahead of time with
prepaid or later with credit products. For more information, visit www.corporate.visa.com.
SOURCE VISA Canada Corporation
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