Visa and Oracle Partner to Deliver Enhanced Transaction and Payment Integration

Visa International and Oracle today announced a new partnershipdesigned to streamline the expense management and reporting process byintegrating Visa Commercial payment data with the Oracle(R) E-BusinessSuite. The resulting transaction and payment combination will providejoint commercial customers with improved operational efficiency,heightened financial control and increased cash flow visibility.

Through the integration of the Oracle E-Business Suite and theVisa Commercial Format (VCF), a standard data set containing enhancedspending details from all Visa Commercial payment cards, corporationsand their employees will be able to receive unprecedented levels ofinformation to better utilize spending data, significantly improveprocesses and lower operational costs.

Part of the Oracle E-Business Suite, Oracle Internet Expenses is atravel and entertainment (T&E) solution that streamlines and automatestravel spend management. With the integration of Visa transaction datainto Oracle Internet Expenses, employees will be able to enter andsubmit expense reports more quickly and easily through pre-populationof hotel folio data and automatic assignment of expense types,ensuring timely expense report submissions. The resulting solutionimproves T&E information and accounting accuracy, reduces employeedata entry, and provides greater visibility into T&E spend.

"Visa's new partnership with Oracle marks the convergence of twoglobal industry leaders committed to bringing cutting-edge,cost-effective solutions to our shared corporate customers," saidAliza Knox, Senior Vice President, Visa Commercial, VisaInternational. "The combination of our commercial payment solutionswith the Oracle E-Business Suite will help deliver measurable costsavings, providing a significant opportunity for companies to increasetheir bottom line."

"The Oracle-Visa partnership is really a win-win for businessowners and employees," said Oracle Vice President of ApplicationsMarketing, Folia Grace. "With the help of Visa, we've enhanced OracleInternet Expenses so users can easily approve, map or dispute expensesand then submit the expense report for management approval in a fewmouse clicks, dramatically reducing the time to enter expenses. At thesame time, financial managers can audit corporate spending trends andmake adjustments that will impact the fiscal growth of the company."

The Visa and Oracle partnership will provide a variety of benefitsto commercial customers, including the ability to:

-- Pre-populate expense reports with VCF formatted commercial payment transactions;

-- Map Visa Commercial payment types for automatic expense type defaulting; and

-- Permit automatic hotel folio itemization based on Visa Commercial payment feed.

Visa and Oracle will collaborate to identify other potentialintegration points between Visa Commercial payment products andservices and the Oracle E-Business Suite applications. The OracleE-Business Suite will include interfaces that enable employees ofOracle licensees to import VCF data feeds generated by Visa Commercialpayment products into the Oracle E-Business Suite.

The announcement was made at the annual Association of CorporateTravel Executives (ACTE) Global Conference in London. The ACTE GlobalConference brings together the world's foremost experts and educatorsin the international travel industry to explore solutions to today'scomplex business, legal and regulatory environment. Travel andentertainment is an important aspect of organizations' expensemanagement solutions.

Notes to Editors:

About Oracle E-Business Suite: Oracle E-Business Suite enablescompanies to efficiently manage customer processes, manufactureproducts, ship orders, collect payments, and more -- all fromapplications that are built on a unified information architecture.This information architecture provides a single definition of yourcustomers, suppliers, employees, products -- all aspects of yourbusiness. Whether you implement one module or the entire Suite, OracleE-Business Suite enables you to share unified information across theenterprise so you can make smarter decisions with better information.

About Oracle: Oracle (NASDAQ:ORCL) is the world's largestenterprise software company. For more information about Oracle visitour Web site at http://www.oracle.com.

About Visa Commercial: Visa Commercial payment solutions -- VisaBusiness, Visa Corporate, Visa Purchasing, and Visa Commerce --provide an easy, convenient way to buy office supplies, manage traveland entertainment expenses, control employee spending limits, meetcash flow needs, reduce operational expenses and track, monitor andcontrol business expenses. Backed by Visa's unsurpassed acceptance andutility, Visa Commercial products and services can be tailored to meetthe changing needs of every business segment -- from the multinationalcorporation to the sole proprietor.

Visa is also able to collect enriched transaction data -- such asLevel III, airline itinerary, hotel folio, and fleet data -- and thendeliver this data for integration into enterprise back-office expensereporting software, general ledger, and other financial systems. Visacan transmit enriched data through the Visa Commercial Format (VCF)and a variety of widely used formats to meet specific enterpriserequirements, such as pre-population of charges in expense reportingmodules. Visa developed VCF as an extension of its proven, reliablesettlement system to enable turnkey integration of Visa data into ERPsystems. For more information, visit www.visa.com/visacommercial.

About Visa: Visa connects cardholders, merchants and financialinstitutions through the world's largest electronic payments network.Visa products allow buyers and sellers to conduct commerce with easeand confidence in both the physical and virtual worlds. As anassociation owned by 21,000 member financial institutions, Visa iscommitted to the sustained growth of electronic payment systems tosupport the needs of all stakeholders and to drive economic growth.For more information, visit www.corporate.visa.com.

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The above is intended to outline our general product direction. Itis intended for information purposes only, and may not be incorporatedinto any contract. It is not a commitment to deliver any material,code, or functionality, and should not be relied upon in makingpurchasing decisions. The development, release, and timing of anyfeatures or functionality described for Oracle's products remains atthe sole discretion of Oracle.