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Visa’s 2008 IPO set in motion a treasury overhaul that shrank the credit card provider’s operating banks by 80%, halved the number of local bank accounts the company needed, reduced its unproductive cash buffer by 60% and improved its investment and foreign exchange execution, saving more than $11 million annually. Corporate treasury operations at Visa span 100 legal entities in 38 different countries. 

Treasury and Risk

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