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 Google uphold its commitment to 'Freedom of Expression' when it comes to organic adult search results?
Yes
  32.09%
No
  67.91%
Out of 187 votes. Results based on votes submitted by members of XBIZ.net social network.
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 !

EDUCATIONAL FEATURES

Retail Rules of Engagement: Essential Customer Service Tips

The five fundamentals of great customer service at Deja Vu include the following: Acknowledge Identify Educate Personalize Close Wow your guests and increase your sales dramatically with these... More »

Placing a Focus on User-Buying Triggers

This is the last of a series of three articles focusing on specific ways that paysite owners can optimize the user experience and present sites and content in ways that attract modern customers and keep... More »

Avoiding Missteps in Advertising

I usually write about how to improve your business and the balance of your life from my experiences at JuicyAds. This month in celebration of the annual traffic Issue, I am writing about what I’m... 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.
Subscribe to XBIZ Premiere magazine, the industry's leading adult retail trade publications, delivering the most timely and comprehensive business news and information to producers and retailers of adult products.

UPCOMING EVENTS

Sexpo

Aug 01 - Aug 03
Sydney, Australia

QWEBEC Expo Montreal

Aug 15 - Aug 17
Montreal, Canada

Asia Adult Expo

Aug 28 - Aug 30
Macau, China

CatalystCon West

Sep 11 - Sep 14
Los Angeles, 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!