VISA Inc. announces the completion of its restructuring, having received broad member approval for the series of transactions by which VISA Canada, VISA U.S.A. and VISA International have become subsidiaries of VISA Inc. Discover Financial Services “PULSE” launches its new neural network based fraud detection system across its entire network, following a three-month beta development program involving several financial institutions. The J.D. Power and Associates “2007 Credit Card Satisfaction Study” finds that Citi, Chase and U.S. Bank top the rankings. Houston-based Paymetric releases “XiPayNet” that manages the payment card acceptance workflow. The Office of Thrift Supervision announces that it closed the Atlanta-based $2.5 billion NetBank and appointed the FDIC as receiver. TSYS and Discover Financial Services inked an issuer processor agreement. Chase Paymentech signs an expanded, multi-year contract to provide payment processing services for all Sears’ retail businesses, which include Sears, Kmart and Lands’ End. Fair Isaac introduces “Collection Scores.” Bank of America re-launches the original “BankAmericard” credit card. Chase, Continental Airlines, General Motors and MasterCard have teamed to launch “MasterCard World for Business” credit cards. First Data acquires Canada’s POSTNET. About 10,000 New York City taxi drivers strike over new rules that require then to install credit card readers and GPS technology in their medallion cabs by October 1st. GA-based Synovus’ Board of Directors approves an agreement and plan of distribution for a TSYS spin-off.