Visa International today announced the appointment of Todd C. Chaffee to executive vice president of Corporate Development & Alliances. In this position, Chaffee will direct Visa Internationalâs advanced technologies, technology research, business development and alliance management groups. He will also continue managing Visa Internationalâs global strategic investment portfolio.
Chaffee has been instrumental in building strategic partnerships and alliances for Visa with both large, multinational corporations and small, emerging technology firms. He has also established Visaâs highly successful strategic investment program which has grown more than ten fold under his leadership.
Chaffee joined Visa International in 1994 as senior vice president of Advanced Payment Systems. In 1996, his responsibilities were expanded to cover Visa Internationalâs Emerging Markets & Technologies function. The same year he was appointed president of Visa Marketplace, Inc., a wholly owned subsidiary of Visa International, which holds Visa strategic investments. Chaffeeâs responsibilities were increased again in 1997 when he was named senior vice president of Corporate Development & Alliances.
Prior to joining Visa, Chaffee held management positions at several Fortune 500 companies, including Norwest Corporation, American Express and TRW Information Systems Group. Chaffee has also helped to launch successful new businesses in several different industries. He is currently a member of the board of directors for Nuance Communications, Inc. and Visa Marketplace, Inc.
A native of Minnesota, Chaffee graduated with a bachelor of science degree with honors from the University of Minnesota Business School of Management. He also completed the Stanford Graduate Business Schoolâs advanced management program, the Harvard Business Schoolâs venture capital program and the ABAâs graduate banking school.
As the world’s best way to pay, Visa is the preferred payment brand and the largest consumer payment system worldwide with more volume than all other major payment cards combined. Visa plays a pivotal role in advancing new payment products and technologies to benefit its 21,000 member financial institutions, their cardholders and the global economy. As the leader in emerging technologies, Visa has more than 70 smart card programs in 30 countries and on the Internet, with 22 million Visa chip cards, including 8 million Visa Cash cards. Visa is pioneering SET Secure Electronic Transactionâ¢ programs to enable and advance Internet commerce. Visa’s 618 million cards, generating more than US$1 trillion in annual volume, are accepted at more than 14 million worldwide locations, including over 400,000 ATMs in the Visa Global ATM Network.Details