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Visa temporarily suspends all political donations

Stock MarketsJan 12, 2021 11:55AM ET
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© Reuters.

(Reuters) - Visa Inc (NYSE:V) said on Tuesday its political action committee had temporarily suspended all donations last week as it reviews its candidate contribution guidelines.

A host of businesses have said they would cut off campaign contributions to those who voted last week to challenge President-elect Joe Biden's victory.

"Visa does not tolerate the use of our network and products for illegal activity. We are vigilant in our efforts to deter illegal activity on our network, and we require our affiliate banks to review their merchants' compliance with our standards," Visa said in an email.

The move comes after the storming of the U.S. Capitol by U.S. President Donald Trump supporters.

Visa temporarily suspends all political donations
 

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Comments (2)
Alan Rice
Alan Rice Jan 12, 2021 1:31PM ET
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See JA reply 2.
James Andersen
James Andersen Jan 12, 2021 12:32PM ET
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Wouldn’t it be nice to have a country where its politicians do not owe anyone but their voters?
James Andersen
James Andersen Jan 12, 2021 12:32PM ET
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Political contributions are just a legalized form of corruption.
Alan Rice
Alan Rice Jan 12, 2021 12:32PM ET
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A slowdown in the (Government Corruption) business ??
 
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