The work visa issue has been a contentious point for many, many, many years, even going back to Vicente Fox when he was President of Mexico.
Visa signed a multi-year deal with the State Bank of India to issue Visa debit products across the SBI franchise.
Visa and MasterCard affiliates issue most debit cards, so merchants that accept Visa and MasterCard credit cards also accept the debit cards.
FORBES: Credit, Debit And Charge: Sizing Up The Cards In Your Wallet
The Obama administration could face a political issue when the visa allowing the younger Mr. Bo to remain in the U.S. as a student runs out.
It is surprising that the Directive is not being leveraged more by the established U.S. players because it grants a license and the authority to issue prepaid Mastercard and VISA products directly after attaining card association membership thereby dramatically lowering the barriers to entry.
It would be giving up revenue gains that might have come from last year's court rulings that forced MasterCard and Visa USA to allow member banks to issue competitors' cards.
Visa gets its fees from the banks that issue credit and debit cards.
Works still had to forge links with Visa, credit-card processors and banks that issue the cards and maintain ties with merchants.
Shareholders have pushed for the company to shed the unit even though Discover stands to benefit from recent court rulings that forced the dominant card associations, Visa and MasterCard, to allow member banks to issue cards from rivals.
If the second attack, over visas, has been much more successful, it is in part Mr Fischer's own fault: he failed to see that problems with visa regulations, which he considered a lowly bureaucratic issue, could grow into a full-fledged political scandal endangering his political career.
To help prevent more of this, Visa and Mastercard have asked their member banks not to issue credit cards with such expiry dates.
Visa and MasterCard set the rates, but the banks that issue their cards collect the fees.
The H-2A visa controversy involving farm workers exemplifies labor's mixed bag as much as any other issue.
There are certainly parts of the proposal to praise and others to criticize, but one issue that deserves more discussion are the extent to which new immigration numbers should come from existing visa programs.
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