operations in Russia. Has that made any difference to your bottom line or the situation in Russia?
Well, every market in the world is unique. This happens to be a market where reward points, for example, are extremely valued. And the amount of credit extended in this market is about as large as you’ll see anywhere else. It’s the market with the most co-branded cards, and with the most benefits available to consumers on credit cards. One of the ways those things are funded is through swipe fees.
One of the judgments that came out of the judge’s ruling that mentioned TrafficJunky as being associated with his decision, and we decided, in the spirit of being as careful as we can, to suspend TrafficJunky from acceptance on our networks. By the way, most of the advertising that appears on the sites are things like products for men to grow hair. I haven’t read the Nick Kristof article so I can’t make a judgment. We would never support something that was illegal.
My view is that I speak out when it directly impacts the company. When it doesn’t, it’s not my position to speak out.The death of George Floyd was yet another unfortunate clear sign of Black people being treated poorly. We’re a company that believes deeply in diversity; we have a great deal of diversity in our company. And I felt strongly in that particular case it warranted me speaking out.
And I decided we’re going to make a real statement about the need to increase underrepresented minorities, both Black as well as Latinx. On both of those metrics we are running ahead of our targets of 50%. I look at these metrics each month, we have a quarterly business review. It’s something we take extraordinarily seriously as a company.There are pipeline issues for sure. For instance, California is a state that is 10% Black.
Source: Loan Digest (loandigest.net)
How can the CEO of Visa not allow his company's credit card to be used for payments to gun shops, massage parlors, Pornhub, etc., and hope to survive against Mastercard?
The entire credit card industry is unethical. Who cares how some random suit did his job?
BUT Without Pornhub - I Wouldn't Know How To Spell Amateur
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