As part of the renewal, Bank of America will continue to issue Visa-branded products and the two organizations will collaborate to develop fresh card products to enhance their combined offering to consumers.
Continuing our relationship with Visa helps us live up to our ongoing commitment to deliver innovative products and the very best service to our cardholders, said Bruce Hammonds, Bank of America Card Services president.
John Philip Coghlan, president and CEO of Visa USA, added: This is great news for Visa, Bank of America and all of our customers who will benefit from the product and service innovations that this partnership will deliver. Together, Visa and Bank of America have driven the migration to electronic payments. We are excited to build upon that foundation and redefine the bank-customer experience.
