McDonald's® Announces Alliance With Visa
OAK BROOK, Ill.
Mar 25, 2004
McDonald's® (NYSE: MCD) and Visa USA have formed an alliance to provide customers with cashless payment options at participating U.S. McDonald's restaurants. Currently, more than 3,000 McDonald's restaurants accept cashless payments and McDonald's expects the number of participating restaurants to more than double by year-end.
"McDonald's is proud to accept Visa and offer our guests increased payment choices," said Jim Sappington, US Vice President of I/S Management, McDonald's Corporation. "This relationship supports our ongoing commitment to provide a relevant, convenient experience to our customers."
Now accepting cash, credit, PIN-debit and signature-debit card payments, participating McDonald's restaurants will feature the brand logo of Visa, as well as additionally accepted brand payment methods, at the counters and drive-thrus to notify customers of cashless payment options.
"McDonald's position on cashless solutions is a landmark step for consumers who want to use their Visa cards in new places," said Bill Dobbins, vice president, merchant sales, Visa USA. "We believe that card acceptance will enhance customers' experiences."
McDonald's is the leading global foodservice retailer with more than 31,000 restaurants serving nearly 47 million people in 119 countries each day. Approximately 80 percent of McDonald's restaurants worldwide are owned and operated by independent, local businessmen and women.
Visa is the world's leading payment brand and largest consumer payment system, enabling banks to provide their consumer and merchant customers with a wide variety of payment alternatives. Nearly 21,000 financial institutions worldwide rely on Visa's processing system, VisaNet, to facilitate $2.5 trillion in annual transaction volume with virtually 100 percent reliability. Consumers in more than 150 countries carry more than one billion Visa-branded cards, accepted at millions of locations worldwide. Within the U.S., nearly 14,000 financial institutions issue 396 million Visa cards, accounting for more than $1 trillion in annual transaction volume. Visa offers a trusted, reliable and convenient way to access and mobilize financial resources - anytime, anywhere, anyway.
CONTACT: William Whitman of McDonald's, +1-630-623-6745; Randa Ghnaim of
Visa USA, +1-415-932-2163
Web site: http://www.mcdonalds.com/