It is not enough to simply expand financial inclusion. We see financial literacy as the core platform on which financial inclusion is built.We are working to be a part of that solution. In 2008 at the Clinton Global Initiative midyear meeting, Visa committed to reaching 10 million people globally with financial literacy education by 2013. Today, we are doubling that commitment and will now aim to help educate 20 million people with the fundamentals of money management. One innovative way we will reach this goal is with Financial Football an engaging, free personal finance video game Visa created and is launching this week. From years of working with educators around the world, we know that we must find entertaining and relevant ways for people to learn about the importance of financial responsibility. Harnessing the power of the FIFA World Cup and the worlds most popular sport, this game which will be known as Financial Soccer in the United States is being rolled out in more than a dozen different countries and languages.Now it is time for others within the private sector to fully join us in this effort to scale up and create innovative solutions that draw more financially disenfranchised people into the economic mainstream. This just might be the most fundamental way to create a stable base, finally enabling us to pull out of our economic nadir and drive a lasting global recovery.Joseph W. Saunders is chairman and CEO of Visa Inc.
Vice President Joe Biden waits to conduct a mock swearing-in ceremony with Sen. Brian Schatz, D-Hawaii, in the Capitol's Old Senate Chamber, December 2, 2014. Schatz was sworn in to serve the remainder of his term since he was appointed to the seat after Sen. Daniel Inouye, D-Hawaii, passed away.