VisaNet Opens London Processing Center

Visa International has opened a new European processing center for its VisaNet credit card network.

The new facility, near London, is to handle 2,000 transactions per second by 1992 -- five times the capacity of the old center. Visa said it hopes that by improving systems at the European center, and at a similar center under construction in Washington, it can cut operating costs, eventually saving members more than $1 billion.

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