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HELLER RESIGNS AS PRESIDENT OF VISA U.S.A.; PASCARELLA NAMED AS HEAD

 SAN FRANCISCO, Aug. 30 /PRNewswire/ -- H. Robert Heller, 53, president and chief executive officer of Visa U.S.A., today announced his resignation to the board of directors. Heller, who joined Visa in 1989 and was named president in 1991, is leaving to pursue other interests. Carl Pascarella, president of Visa's Asia Pacific region, was named to replace Heller.
 "With Visa well ahead in the debit card race and the overall market leader in credit cards, now is the appropriate time for me to explore several new personal and professional opportunities," Heller said. "At this juncture, I plan to combine my knowledge and experience in business, government and education to further advance the issues facing the financial services and banking industries." Prior to joining Visa, Heller served as a governor of the Federal Reserve Board.
 Commenting on Heller's resignation, Charles T. Russell, president and chief executive officer of Visa International, said "Bob has brought his breadth of experience in the areas of finance and economics to Visa. His contributions have been noteworthy, not only in the United States, but also in the international arena. We thank Bob for his dedication and efforts and will miss his involvement in the business."
 Russell continued, "We welcome Carl to Visa U.S.A. His successes as a U.S. banker and in the international marketplace will help solidify our global payment systems strategy. I am confident that Carl's abilities and banking relationships will provide our members with the leadership and vision to maximize their investments in the Visa franchise."
 Pascarella, 50, joined Visa in 1983 as assistant chief general manager of the Asia Pacific region and shortly thereafter was appointed president. Before joining Visa International, Pascarella was vice president of the International Division at Crocker National Bank. He also served as vice president of Metropolitan Banking at Bankers Trust Co. Pascarella is a graduate of the University of Buffalo and earned his M.B.A. from Stanford University. He will retain his Asia Pacific responsibilities until a replacement is named.
 Visa is the largest consumer payment system in the world with more than 10.5 million acceptance locations and 309 million cards issued worldwide, including 152 million in the United States. Visa also has the leading global ATM network.
 -0- 8/30/93
 /CONTACT: Dave Brancoli of Visa International, 415-570-3830/


CO: Visa ST: California IN: FIN SU: PER

TM -- SF015 -- 7280 08/30/93 19:32 EDT
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Publication:PR Newswire
Date:Aug 30, 1993
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