Mastercard announced today it will begin allowing transgender and gender-nonconforming individuals to use their chosen name on debit and credit cards.
"Identity is an integral aspect of our selves, and our true names should be celebrated and valued," said Randall Tucker, Chief Inclusion Officer at Mastercard."Knowing that something as simple as having the name that you identify with on a card can be such an emotional journey, we want to make it easier for each card to reflect the cardholder. Our vision is that every card should be for everyone.
Mastercard does not require merchants to validate cardholders' names, according to Raj Seshadri, president of U.S. issuers at Mastercard. In addition, the company says the name on a card doe not aid in keeping a transaction secure. It's already work with banks in the Mastercard network to implement the True Name campaign.
Mastercard That is going to cause problems when their ID doesnt match the name on the card.
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Source: CNBC - 🏆 12. / 72 Read more »