The term chaordic as used by Dee Hock implies the tiresome structure of innovations and operating experiences he used while inventing the Visa credit card. …show more content…
The community is composed of what is not measurable for which no records kept as well as recompense. Nonmonetary exchange of values arises from altruistic motives whereby self-interest is inseparable since it is connected with the community interest. According to Hock, community is not all about profit but it is all about benefit. Therefore, the community should to report any kind of fraud occurred to the Equifax, TransUnion and Experian agencies for help. Further, he urged the community at large to scan the document of the Visa card in order to have a backup in cases they misplace the …show more content…
Majorly, it facilitates electronic fund transfer globally. Actually, Visa provides financial institution with Visa-branded payment products that they use in most cases to offer credit, debit, prepaid as well as cash-access series to their customers. Visa has operations across different countries since separate membership entity license the trademarks for issuing of the Visa cards. Visa card is governed through basic laws since human being had the ability to receive, process as well as react to the information. The ATM operators’ rules effectively in order to fix ATM access