This is sort of old news but now the mainstream media is picking up on Visa's stance. Visa can never back down now on high risk and if anything they will get harsher and harsher! Look out!!
ABC News: Visa Draws Hard Line
First few paragraphs:
......But now, Visa has taken an unpublicized stance on where it doesn't want to be: on Internet sites selling child pornography and other dhahahahations of sexually deviant behavior.
Over the past year, Visa has set up a system to identify purveyors who use Visa to sell illegal pornography. This means the card issuer is reporting sites with illegal photos and videos to the global police forces responsible for enforcing child-porn laws.
Visa is also requiring the 7,000 U.S. financial institutions that are members of the Visa association to register "high-risk merchants" who process adult content and use the Visa card. If the institutions don't comply, they risk losing their Visa relationship ? a threat already facing a Russian bank......
ABC News: Visa Draws Hard Line
First few paragraphs:
......But now, Visa has taken an unpublicized stance on where it doesn't want to be: on Internet sites selling child pornography and other dhahahahations of sexually deviant behavior.
Over the past year, Visa has set up a system to identify purveyors who use Visa to sell illegal pornography. This means the card issuer is reporting sites with illegal photos and videos to the global police forces responsible for enforcing child-porn laws.
Visa is also requiring the 7,000 U.S. financial institutions that are members of the Visa association to register "high-risk merchants" who process adult content and use the Visa card. If the institutions don't comply, they risk losing their Visa relationship ? a threat already facing a Russian bank......



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