Reissuing release to add Visa's ticker symbol.
The corrected release reads:
MCC ANNOUNCES VISA INC. AS ITS 2012 CORPORATE AWARD WINNER
The Millennium Challenge Corporation (MCC) has announced that Visa Inc.
(NYSE: V) will be honored with the organization's Corporate Award, which
recognizes an American company for demonstrating exemplary commitment to
trade or investment in one or more MCC partner countries. The MCC
Corporate Award winner, along with the winners of the MCC Country
Commitment Award and MCC's Next Generation Award, will be honored at its
inaugural Forum on Global Development today.
The Millennium Challenge Corporation's Corporate Award is recognizing
Visa for its commitment to investing in sustainable development by
expanding access to financial services, including their national
partnership with the government of Rwanda, initiatives to empower women
by helping close the mobile phone gender gap, and programs that provide
financial literacy education to millions. Visa will be recognized at
MCC's Forum on Global Development, a unique occasion for visionaries and
practitioners in international development to meet, exchange ideas and
honor three innovators for their demonstrated commitment to creative
approaches to helping the world's poor.
"Deepening financial literacy and expanding financial services for the
unbanked and underserved throughout the developing world are key
components for sustainable poverty reduction and economic growth," said
MCC CEO Daniel W. Yohannes. "Through its groundbreaking programs, Visa
is making remarkable strides in these areas, and MCC shares its
commitment to lasting progress and prosperity. We are proud to stand
with a partner like Visa as we seek to achieve our mission of reducing
poverty through economic growth."
In 2011, Visa and the Government of Rwanda announced a Charter of
Collaboration to develop localized solutions to extend access to
financial services to citizens throughout the country. Visa also
supports some of the world's leading nongovernmental organizations, such
as joining with the U.S. Agency for International Development and the
Australian Agency for International Development to support the GSMA
mWomen Program and its goal to reduce the mobile phone gender gap and
improve women's access to life-enhancing financial services. Visa also
provides free financial literacy programs to millions around the world
with a goal to reach 20 million people worldwide by May 2013--a
commitment Visa announced at the Clinton Global Initiative conference in
"At Visa, we believe that addressing financial exclusion should be a
priority issue on the world's agenda," said Douglas Michelman, Global
Head of Corporate Relations. "We are proud of the work we are doing to
apply our products, services, network, partnerships, and financial
literacy programs to advance financial inclusion, and we are humbled to
be recognized by the Millennium Challenge Corporation for our
At the Forum, the award recipients will join Gayle Smith, Special
Assistant to the President and Senior Director at the National Security
Council; Sheila Herrling, MCC's Vice President for Policy and
Evaluation; and Michael Gerson, columnist for the Washington Post and
senior advisor to the ONE Campaign, in a panel discussion about the
value of foreign aid. As a learning institution, MCC aims to foster
dialogue across a wide spectrum of people and organizations with the
ultimate goal of providing the best results and sustainable impact for
those in need around the world.
The Millennium Challenge Corporation (MCC) is an innovative and
independent U.S. Government foreign aid agency that is helping lead the
fight against global poverty through the promotion of sustainable
economic growth. MCC is based on the principle that aid is most
effective when it reinforces good governance, economic freedom and
investments in people.
For more information about MCC and its programs around the world, please
go to www.mcc.gov.
About Visa Inc.
Visa is a global payments technology company that connects consumers,
businesses, financial institutions, and governments in more than 200
countries and territories to fast, secure and reliable digital currency.
Underpinning digital currency is one of the world's most advanced
processing networks -- VisaNet -- that is capable of handling more than
20,000 transaction messages a second, with fraud protection for
consumers and guaranteed payment for merchants. Visa is not a bank and
does not issue cards, extend credit or set rates and fees for consumers.
Visa uses its products, interoperable global processing network, mobile
and security capabilities, and payments expertise to help facilitate
financial inclusion at scale.
For more information about Visa's work in financial inclusion, visit www.corporate.visa.com.
Millennium Challenge Corporation (MCC)
Gina Jackson, 202-521-3901
for Visa Inc.
Michelle Mulkey, 415-318-4118