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
  32.68%
No
  67.32%
Out of 205 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 !

OPINIONS & VIEWS

The Art of the Upsell

Since 2006 my company Elevated X has sold CMS software used by thousands of adult pay sites including the official sites of dozens of studio brands. I like to login to my customers’ sites from time... More »

Pleasure Products, Sophistication & Sales

It’s no secret that one of the few adult industry market segments that continues to experience strong growth in revenue is the pleasure products sector. At a time in which it seems that virtually... More »

Et Tu, Google? (Redux Version)

Almost exactly a year ago, this column took up the subject of Google Glass, and more specifically, Google’s decision to establish content and development policies that prohibited the creation of... 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

CatalystCon West

Sep 11 - Sep 14
Los Angeles, California

International Lingerie Show

Sep 15 - Sep 17
Las Vegas, Nevada

Webmaster Access Amsterdam

Sep 19 - Sep 22
Amsterdam, Holland

The European Summit

Sep 22 - Sep 25
Prague, Czech Republic
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!