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 virtual reality headsets like the Oculus Rift revolutionize adult entertainment?
Yes
  52.33%
No
  47.67%
Out of 86 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 !

EDUCATIONAL FEATURES

Rethinking ‘Toys for Men’

Have you ever been working behind the counter at your store and had someone come to you and ask you, “Where are the toys for men?” I know I’ve fielded a lot of questions like this and... More »

Google’s Webmaster Tools: Successful Tracking

Google wants every site owner to regularly visit Google’s Webmaster Tools. Did you notice that Google Analytics (and other tracking systems) can no longer see which keyword surfers came to your site... More »

Paysite Power: Getting the Most Out of Your Website

If you’ve read my past articles you know I do my best to write objectively and avoid product promotion. Rather than mention it throughout the article, I’m going to address paysite management... 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

Dutch Webmaster Meeting

Dec 13 - Dec 13
Amsterdam, Holland

ANME Show

Jan 12 - Jan 13
Burbank, California

XBIZ 360

Jan 13 - Jan 16
Los Angeles, CA

XBIZ Awards

Jan 15 - Jan 15
Los Angeles, CA
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!