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Related Parties
12 Months Ended
Sep. 30, 2013
Related Party Transactions [Abstract]  
Related Parties
Note 18—Related Parties
Visa considers an entity to be a related party for purposes of this disclosure if that entity owns more than 10% of Visa’s total voting common stock at the end of the fiscal year, or if an officer or employee of that entity also serves on the Company's board of directors. The Company considers an investee to be a related party if the Company’s: (i) ownership interest in the investee is greater than or equal to 10% or (ii) if the investment is accounted for under the equity method of accounting. At September 30, 2013 and 2012, no entity owned more than 10% of the Company’s total voting common stock. Except as described below, there were no significant transactions with related parties during fiscal 2013, 2012 and 2011.
In fiscal 2011, the Company recognized $172 million in operating revenues from clients that were represented on the Company's board of directors. Due to changes in the board of directors made in January 2011, the Company's non-executive board members are now comprised exclusively of independent directors, and these clients are no longer considered related parties.