Rules and terms and conditions

Thank you for your interest in the Visa 2012 Challenge.

Below you will find important information regarding the registration process, the rules of play and also details of the prizes for the winners and the runners up. Please ensure you read this information carefully before registering.

The purpose of the Challenge is to provide a unique and fun learning experience for all participants. There are a few rules, which have been established to ensure all teams have an equal opportunity to win the Challenge. We ask all participants to respect these rules to ensure a realistic simulation.

Registration

Any team wishing to participate in the Visa 2012 Challenge must register their interest on the registration site www.visachallenge.com by 5PM GMT on 15th February 2012. After this time, the registration site will close and no further registrations will be permitted. As there are a limited number of Challenge places available, we will send you an email before 16th February confirming whether you have been successful in securing a place.

Team Members and Team Names

A team can contain up to 4 different team members, one of whom must be nominated as the Team Captain. All team members must be from the same participating organisation which must be a member of Visa Europe. Team members must use their email address from their participating organisation when registering. Once registered, team members may not be substituted or added. Each individual may only register once.

When deciding on a team name, please be aware that these names, as well as the organisation name, will be visible to all other teams participating in the Challenge. Team names deemed offensive or derogatory to an individual or an organisation are therefore not permitted and may be subsequently disqualified from participating in the Challenge. Team names must not exceed 28 characters and are restricted to alphanumeric characters only.

Timings & Deadlines

The Visa 2012 Challenge runs over five rounds, each round representing a simulated year in the life of the card programme.

All decisions must be submitted in advance of the deadline for each round. The deadlines for each round can be found here: http://www.visachallenge.com/2012/timing.aspx. After the deadline, the round will automatically close and the website will not accept any late decisions.

If a team does not submit decisions by the deadline, the following default values will be used:

  • For Round 1 these will be the default values published in the Decision Guide
  • For subsequent Rounds the Challenge will use the same decisions that your team submitted in the previous Round

Due to the number of decisions required in each round, you should not wait until close to the submission deadlines before entering your decisions.

Note: In the event of connectivity issues, teams must contact the Visa Business School, Visa Europe, and at Visa Europe’s discretion teams may be permitted to submit their decisions by email. These will only be accepted if the email arrives at least 4 hours before the published deadline. Please send all emails to the following address ensuring that the team name is clearly indicated: visabs@visa.com

Visa Business School decision is final

The results, including all league & Challenge ladder positions and profitability calculations are made by the simulation and are not subject to enquiry. In the event of any dispute, Visa Business School, Visa Europe will arbitrate and all decisions made by the Visa Business School, Visa Europe are final.

Terms and Conditions

  1. The Visa 2012 Challenge (the “Challenge”) is open to all Visa Europe Members.
  2. Participants must be aged 18 years or over
  3. Teams must register their interest to participate on www.visachallenge.com. The closing date for registration is 5PM GMT on 15th February 2012. After this date teams will receive an email confirming whether they have secured a place or not.
  4. All teams who have secured a place on the Challenge will be eligible to win.
  5. The winning team will be the one which generates the highest amount of cumulative profit over the 5 rounds/years in accordance with the Challenge rules and these terms and conditions. At the end of Round 5 the final results will be published. The winning teams (top 3) will be notified by 16th May 2012.
  6. Prize Details: Each member of the top three teams (maximum of 4 members) will win a package to the 2012 Olympic Games in London. The packages are non-exchangeable and non-transferable and will only be issued in the names of the winning team members. The package will comprise a ticket to two sporting events, return economy class travel from home location (within Europe only) to London, and overnight shared accommodation in London (i.e. two rooms will be provided for each team). The dates of the packages are confirmed as 4th and 5th August 2012 and cannot be transferred to other dates. Partners or children will not be able to accompany the winners.
  7. The following are not included in the prize and will be the responsibility of the winners: travel visas, travel insurance, passport requirements, meals (excluding breakfast at hotel), other hotel incidentals or any applicable taxes
  8. Olympic and Paralympic Games tickets are issued subject to London 2012 terms and conditions available on the website www.tickets.london2012.com
  9. In the event of a prize being unavailable the Promoter reserves the right to substitute it for one of equal or greater value.
  10. Winners may be requested to participate in publicity.
  11. The Promoter shall collect personal information from participants under the Data Protection Act 1998 and other applicable data privacy laws. The Promoter will only use participants' information for the purposes of the administration of this Challenge including fulfilment of the prizes and in accordance with Visa Europe's Privacy Policy http://www.visaeurope.com/en/site_services/privacy.aspx
  12. In the event of unforeseen circumstances outside its control, the Promoter reserves the right to modify these terms and conditions prior to the end of the Challenge.
  13. The Promoter and its associated agencies cannot be held responsible for a break in communications systems or networks that may result in an entry or submission not being registered, accepted or processed.
  14. To the fullest extent permitted by the law (other than in respect of any liability for negligence causing death or personal injury), the Promoter, their agencies and trading partners shall not be liable for any loss or damage whatsoever which is suffered or sustained as a result of participation in the Challenge or acceptance of a prize.
  15. The promoter is Visa Europe Services Inc. (the “Promoter”) (company branch number BR007632) whose registered address is 1 Sheldon Square, London W2 6TT.
  16. The International Olympic Committee and London Organising Committee of the Olympic and Paralympic Games (other than in respect of any liability for negligence causing death or personal injury) are not liable for anything arising out of this Challenge and shall not be liable for any loss or damage whatsoever which is suffered or sustained as a result of participation in the Challenge or acceptance of the prize.