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VISA U.S.A. APPOINTS SENIOR VICE PRESIDENT OF CREDIT PRODUCTS

 VISA U.S.A. APPOINTS SENIOR VICE PRESIDENT OF CREDIT PRODUCTS
 SAN FRANCISCO, July 7 /PRNewswire/ -- Visa U.S.A. today announced the appointment of Richard H. Hagadorn as senior vice president of Credit Products. Hagadorn oversees the management of Visa's domestic card products, including the Business, Classic and Gold cards. He is also in charge of market development programs for the travel and entertainment, health care, direct-marketing, and telecommunications industries.
 Hagadorn, 45, succeeds Stephen E. Schapp, who is now deputy general manager in Germany. Schapp will devote his time to helping Visa to increase product use in Germany, an important growth market for Visa International.
 Hagadorn joins Visa after 23 years of service with Chase Lincoln First Bank where he was senior vice president, Strategic and Business Planning. During his tenure at the bank he oversaw credit products, retail banking, consumer markets and trust and financial services markets.
 Hagadorn, a native of New York, earned a Bachelor of Science degree in business from LeMoyne College in Syracuse, New York.
 Visa U.S.A., a membership association of 19,000 financial institutions, is the nation's largest consumer payment system with 142 million cards issued in the U.S.
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 /CONTACT: Debbe Stern, 415-570-3510; or Paul Wheaton, 415-378-4185, both of Visa U.S.A./ CO: Visa U.S.A. ST: California IN: FIN SU: PER


MC -- SF002 -- 6940 07/07/92 11:00 EDT
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Publication:PR Newswire
Date:Jul 7, 1992
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