Joseph Saunders, the former CEO of Visa Inc., has passed away at the age of 80. Saunders, who led the company during its historic initial public offering (IPO), was confirmed dead on Monday by a Visa spokesperson. The obituary released by his family highlighted his lasting impact on the payments industry, stating that his "professional achievements will endure in an industry he helped shape."
A memorial service in honor of Saunders is scheduled for November 20 in San Francisco, which would have been his 81st birthday. Saunders' tenure at Visa was marked by significant milestones, including overseeing the largest IPO in US history at that time.