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ProfessionalLeftist Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Dec-07-10 12:46 PM
Original message
The public can use their Mastercard to buy porn or donate to the Ku Klux Klan, but ....
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Luminous Animal Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Dec-07-10 12:52 PM
Response to Original message
1. Yep.
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OneTenthofOnePercent Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Dec-07-10 12:52 PM
Response to Original message
2. It's a CYA move.
Basically for the same reason you can use alot of cards for online gambling. It might be funding illegal activity. If wikileaks can be held as breaking the law (holding and publishing stolen classified material) then the card companies do not want to be associated with parties under federal investigation. I don;t blame them, I would not want to risk the government investigating my for brokering certain transactions.
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snagglepuss Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Dec-07-10 02:33 PM
Response to Reply #2
4. Would prepaid credit cards face the same restriction?
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Ichingcarpenter Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Dec-07-10 12:57 PM
Response to Original message
3. Its VISA BTW a Bank of America company
I didn't know Master Card a Saudi company did it too?
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PBS Poll-435 Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Dec-07-10 02:35 PM
Response to Reply #3
5. No. Visa USA is not owned by BOA. They are their own company. nt
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Ichingcarpenter Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Dec-07-10 02:56 PM
Response to Reply #5
6. They were started by Bank of America
You don't think the child, even though it says its independent
of its father .... still IS?
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PBS Poll-435 Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Dec-07-10 02:58 PM
Response to Reply #6
7. At one time, but now not really. They have moved global.
Edited on Tue Dec-07-10 03:00 PM by PBS Poll-435
Not exactly a fan of Visa, but they are not related in any way to Bank of America anymore.

Everyone from BBVA Compass to Wells Fargo utilizes the Visa interchange for payments.







And the Bank of America isn't the same Bank of America that we all loath. Merrill, Countrywide, hell even Nations Bank have been sucked into this thing called Bank of America.



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Ichingcarpenter Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Dec-07-10 03:00 PM
Response to Reply #7
8. OH.... Really?
You really think that?........

LOL!

Just an Irony that VISA cut off payments on the exposure of Bank of America.

Care to look at Boards of Directors on each company?
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PBS Poll-435 Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Dec-07-10 03:01 PM
Response to Reply #8
9. Think it? I friggin' know it
It kinda is my business...


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Ichingcarpenter Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Dec-07-10 03:10 PM
Response to Reply #9
11. Thomas Campbell, Bank of America independent director of VISA
The following individuals were named to serve as the independent directors after the completion of the proposed restructuring:

Thomas Campbell, Bank of America Dean and Professor of Business, the Haas School of Business, University of California, Berkeley

Gary Coughlan, Former Chief Financial Officer and Senior Vice President of Finance, Abbott Laboratories

Mary B. Cranston, Firm Senior Partner, Pillsbury Winthrop Shaw Pittman LLC
Francisco Javier Fernandez-Carbajal, Former Chief Executive Officer, Corporate Development Division, Grupo Financiero BBVA Bancomer

Suzanne Nora Johnson, Former Vice Chairman, The Goldman Sachs Group, Inc.
Robert W. Matschullat, Former Vice Chairman and Chief Financial Officer, Seagram Company Limited

Cathy Elizabeth Minehan, Former President and Chief Executive Officer, Federal Reserve Bank of Boston

David J. Pang, Former Chief Executive Officer, Airport Authority of Hong Kong and Former Corporate Vice President, E.I. DuPont and Former Chairman, DuPont Greater China
William Shanahan, Former President, Colgate-Palmolive Company

John Swainson, President, Chief Executive Officer and Director, CA, Inc.

http://corporate.visa.com/media-center/press-releases/press341.jsp


FROM THEIR OWN SITE.... YOU DON'T KNOW SHIT.

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PBS Poll-435 Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Dec-07-10 03:14 PM
Response to Reply #11
14. Lolz 2007 Press Release. Lulz
:rofl:
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PBS Poll-435 Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Dec-07-10 03:08 PM
Response to Reply #8
10. Yeah. I can't find a single individual that serves on the Boards of both companies.
Found an old Bank One (Now Chase) guy that retired from the board of Visa but that is about it...
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Ichingcarpenter Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Dec-07-10 03:11 PM
Response to Reply #10
12. I JUST FOUND ONE
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PBS Poll-435 Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Dec-07-10 03:13 PM
Response to Reply #12
13. He is on the Board? Really?
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