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The Financial Express

Visa temporarily suspends all political donations

| Updated: January 15, 2021 20:44:06


Evaly and Fianancial Express Evaly and Fianancial Express
FILE PHOTO: A Visa credit card is seen on a computer keyboard in this picture illustration taken September 6, 2017. REUTERS/Philippe Wojazer/Illustration FILE PHOTO: A Visa credit card is seen on a computer keyboard in this picture illustration taken September 6, 2017. REUTERS/Philippe Wojazer/Illustration

Visa Inc 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, reports Reuters.

“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 US Capitol by US President Donald Trump supporters.

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