Home > News > Web / Tech News > Visa Confirms Online Adult Processing Rumor Is False • Bookmark   • Newsletters   • Register Search Options

NEWS STORY

Visa Confirms Online Adult Processing Rumor Is False

Visa Confirms Online Adult Processing Rumor Is False
Get XBIZ News
XBIZ Research
Will Porn Valley move across the state line to Las Vegas?
Yes
  50.84%
No
  49.16%
Out of 179 votes. Results based on votes submitted by members of XBIZ.net social network.
XBIZ 360 - Jan. 13-16, Los Angeles
Thursday, Jan 3, 2013    Text size: 

FOSTER CITY, Calif. — Visa Inc. on Thursday squelched rumors that it plans to stop processing online adult entertainment-related transactions, saying that statements circulating over the assertion are simply "not true."

Ted Carr, a spokesman for Visa, told XBIZ that currently there are no plans to halt processing for online adult charges.  

"Our policy is that Visa cards should only be used in connection with legal transactions," Carr said. "If the transaction is legal, it’s allowed on our network. If it’s not legal, it’s not allowed."

Visa, which processed 62 billion transactions with a total volume of $4.4 trillion in 2009, provides financial institutions with Visa-branded payment products that they then use to offer credit, debit, prepaid and cash-access programs to their customers.

The processor does not issue cards, extend credit or set rates and fees for consumers, but the company does set up policy for all of its transactions, including online adult charges.

Rumors of Visa's demise for adult have been heard for years, according to Mitch Farber, who leads NETbilling as president.

"If a time comes when it is true, there will not be warning or rumors," Farber told XBIZ." It will just come with an 'effective date.'

"While porn brings significant income through the bank networks and card associations, don't ever put it past them thinking that our industry is too big for it to happen."

More ways to get XBIZ News:  RSS Feeds  |  E-Newsletters  |  Desktop Widget  |  Mobile
Looking for porn star news and behind-the-scene videos? Check out XFANZ.com !

PROFILES & BIOS

Director's Chair: Q&A With Nica Noelle

In the end, she was homesick. After a string of hits with Rock Candy Films at AEBN — including two that were nominated for Gay Movie of the Year at the XBIZ Awards — award-winning director... More »

WIA Profile: Shirley Lara

Each month, industry news media organization XBIZ spotlights the career accomplishments and outstanding contributions of Women in Adult. WIA profiles offer an intimate look at the professional lives of... More »

Sh! Women’s Store Playful Revolution

Sometimes identifying a niche can become a lifestyle business that makes a business person a little money and allows them to create a job they can be fulfilled by. But the story of Sh! Women’s Store... More »
XBIZ NEWSLETTERS
Stay informed of the latest industry developments. Get XBIZ newsletters delivered to your inbox. Subscribe today!
Enter email address:

* To manage existing subscriptions click here.






POPULAR PRODUCTS & SERVICES
Submit your press release to
multiple news outlets with 1 click.
Subscribe to RSS news feeds or
add free content to your website.
Access XBIZ news and articles
with your mobile device.
Access the latest issues of the industry's leading trade publications in digital form. View online or download for offline viewing.

UPCOMING EVENTS

Exxxotica New Jersey

Nov 07 - Nov 09
Edison, New Jersey

MONETISEZ 2014

Nov 22 - Nov 22
Aix-en-Provence, France

Dutch Webmaster Meeting

Dec 13 - Dec 13
Amsterdam, Holland

ANME Show

Jan 12 - Jan 13
Burbank, California
Everyday thousands of business professionals browse XBIZ's industry directory for quality products and services. Not listed yet? Your company could be losing potential new business. Submit your company today!
Use XBIZ RSS feeds to stay informed of the latest industry developments or as a content syndication tool for your website!