Regions Bank and Visa Extend Debit Partnership Agreement

Regions Signs Long-term Deal to Issue Visa Debit Products and Switch Processing Services to Visa USA

Regions Financial Corp. (NYSE:RF) and Visa USA today announced they have signed a long-term partnership agreement whereby Regions will continue to offer all Visa consumer debit products to its customers, including Visa check card, Interlink and Plus.

In an extension to the previous partnership agreement, Regions will switch all its processing services to Visa USA for all Visa check card, Interlink and Plus transactions. Regions currently issues Visa credit card products and will continue to do so under a separate agreement.

“Visa’s comprehensive debit offering and superior processing services were important factors in Region’s decision to extend our long-standing relationship,” said Mike Jackson, President Alternative Delivery, Regions. “By offering the full range of Visa-branded debit products, we can provide more value and choice to our customers.”

“The decision by Regions to continue to offer the range of Visa debit solutions and switch all debit processing to Visa USA underscores the value our fully integrated debit strategy offers to member financial institutions and their customers,” said Stacey Pinkerd, senior vice president, consumer debit products, Visa USA. “We expect to work more closely with Regions to develop payment solutions that meet the needs of Region’s customers and the requirements of an increasingly competitive business environment.”

About Regions

Regions Financial Corporation is a member of the S&P 100 Index and Forbes Magazine’s “Platinum 400″ list of America’s best big companies. With nearly $140 billion in assets, Regions is one of the nation’s largest full-service providers of consumer and commercial banking, trust, securities brokerage, mortgage and insurance products and services. Regions serves customers in 16 states across the South, Midwest and Texas, and through its subsidiary, Regions Bank, operates some 2,000 AmSouth and Regions banking offices and more than 2,400 ATM’s. Its investment and securities brokerage, trust and asset management division, Morgan Keegan & Company Inc., provides services from over 400 offices. Additional information about Regions and its full line of products and services can be found at www.regions.com.

About Visa USA

Visa USA is a leading payments brand and the nation’s largest payments system, enabling banks to provide their consumer and business customers with a wide variety of payment alternatives tailored to meet their evolving needs. Visa USA is committed to increasing the choice, convenience, acceptance and security of Visa payments for all stakeholders – financial institutions, cardholders and merchants. In the United States, more than 521 million Visa-branded cards have been issued by our 13,320 financial institution customers.

Visa products generated nearly $1.8 trillion in total volume in the United States through March 2007 and enjoy unsurpassed acceptance around the globe. For more information, visit www.visa.com.
Contacts

Visa USA
Jennifer Doidge, 415-932-2350
jdoidge {at} visa(.)com
or
Regions
Pat Martin, 205-264-4567
Pat.Martin {at} Regions(.)com