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Dee Ward Hock

VISA

1970 - 1984

Finance

1970 b. 1929
male
EducationOneDegree
UndergraduateWeber Junior College
Personal
Born-Died1929
BirthplaceUtah (UT)
RaceWhite
FatherLaborer, Skilled
Era - 1970

In 1970, Hock created a reverse holding company tying together thousands of independent banks to create the Visa Network. His aggressive marketing and sharp negotiation skills enabled Visa to quickly capture 20% of the charge card business in the U.S. outpacing the growth of both MasterCard and American Express. He developed the first computerized system for the electronic transfer of data between banks and pioneered the international magnetic strip building bridges between domestic and foreign banking operations.