Credit-card firms are becoming reluctant regulators of the web

Re:Credit-card firms are becoming reluctant regulators of th... by Spivak on Monday October 11, 2021 @12:25PM (#28830035)

Yeah, there’s a big difference between “dudes with guns will throw me in prison for this” and “as a company we cannot in good conscience contribute to xxx.”

Banks and CC companies by usual standards are staying out of things more than average. If it’s not a risk to their liberty or wallets the financial sector is happy to stand back and watch all sorts of awful things.

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Re:Credit-card firms are becoming reluctant regulators of th... by arcticbull on Monday October 11, 2021 @01:30PM (#28830746)

And frankly, I don't want them to project their own morality on my transactions any more than I want Comcast to. It's the job of legislators to decide what is and isn't legal. This is just financial infrastructure.

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Re:Credit-card firms are becoming reluctant regulators of th... by techwizard81 on Monday October 11, 2021 @02:39PM (#28831441)

In the case of adult content, they aren’t doing this because they are morally against it, it’s because there is a lot of porn from human trafficking, underage or simply non consensual (like stolen personal videos or revenge porn). It should not be allowed to profit from these things, so I think it’s right that the bank imposes rules on those sites for them to be able to process credit card transactions.

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Re:Credit-card firms are becoming reluctant regulators of th... by arcticbull on Wednesday October 13, 2021 @07:07PM (#28858677)

> It should not be allowed to profit from these things, so I think it’s right that the bank imposes rules on those sites for them to be able to process credit card transactions.

In my opinion it's not the role of the card issuers to make this determination or to implement unilaterally the restrictions. This is a matter of law and should be handled in court.

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