Hi I am looking for information on how to create a corporate or
company visa or MasterCard. Similar to Paypal Visa, Target, ect. I
would also like more information on how these models work. What
percentages does Visa/MC get and what Target/ Paypal ect receives from
this arrangement. Also what is the requirements in order to arrange
one of these cards.

Visa has a program for co-branded cards here:
http://usa.visa.com/business/accepting_visa/marketing_center/cobranded_cards.html?it=l2|/business/accepting_visa/marketing_center/visa_promotions%2Ehtml|Co-Branded%20Cards

ANSWERS:

Revenue share depends on the issuer, Visa is not directly involved:

That depends on the contract negotiated between the partner and
issuer. Visa is not privy to these negotiations.

Here is a list of issuers:
http://usa.visa.com/business/accepting_visa/marketing_center/cobrand_card_providers.html?it=il|/business/accepting_visa/marketing_center/getting_started.html|financial%20institutions

Here is a 'get started form' from MBNA:
http://www.mbna.com/pdf_files/new_bus_req.pdf

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Requirements to participate:

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Company size is not a huge factor:

Because each issuer has its own requirements regarding anticipated
card volume, there is no magic number. Issuers enter into programs for
different reasons: goodwill, alliances, etc. Higher numbers do gain
more attention, but they?re not the only criteria.

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You may need to hire a consultant to take the proper steps to
obtaining your own credit card:

A consultant is not necessary, but in many cases a consultant can help
you create ideas for your program, develop a request for proposal
(RFP), talk to the issuers, etc. In the event you are interested,
we?ve provided a list of consultants from the credit card industry.

Here are the consultants recommended by Visa:
http://usa.visa.com/business/accepting_visa/marketing_center/cobrand_consultants.html?it=l2|/business/accepting_visa/marketing_center/create_card%2Ehtml|Consultants

Here are the steps Visa has outlined:
http://usa.visa.com/business/accepting_visa/marketing_center/getting_started.html?it=c|/business/accepting_visa/marketing_center/cobranded_cards%2Ehtml|Getting%20Started



I hope this is your answer you were seeking. Good luck!

-Brian

I will also add MasterCards program overview:
http://www.mastercardbusiness.com/mcbiz/corporate/index.jsp?template=/corporate&content=cobranding

GE Capital are probably the largest 'affinity card' partner in the UK.
A certain major highstreet bank even uses them for their own Corporate chargecards.