Visa and US Hispanic Chamber of Commerce (USHCC) have entered into a new strategic alliance to help strengthen and grow the three million Hispanic-owned businesses that USHCC advocates on behalf of through their member chambers.

Together, Visa and USHCC will provide Hispanic-owned merchants with an array of tools to help them improve cash flow, manage payment acceptance costs, streamline operations and grow their businesses.

Additionally, USHCC members will receive customized access to Visa’s suite of small business solutions and educational resources including Visa Business Network (VBN), Visa’s online self-help business education content, and tailored cash flow management workbooks and complimentary point of sale signage.

The USHCC and Visa will also work together to develop acceptance solutions for USHCC merchants, especially smaller players with sales up to $1m, to ensure that they have access to best-available interchange rates and other acceptance solutions from Visa.

Javier Palomarez, president and CEO of Hispanic Chamber of Commerce, said: “Our card acceptance partnership with Visa will offer Hispanic small businesses an important economic advantage. This initiative will offer our members access to affordable card acceptance programs that support business growth, especially during these challenging economic times.”

William Sheedy, group president of The Americas at Visa, said: “Visa is keenly aware of the role merchants – large and small – play in the health of our economy. We are committed to doing our part by developing payment products and services that enable merchants to strengthen and grow their businesses and, in turn, help drive economic growth. The USHCC and its members are an important part of this effort, and we are honored to be working with them in this partnership.”