Visa CEO: Unlike PayPal and Square, we won’t block gun purchases – “We are guided by the federal laws in a country, and our job is to create and to facilitate fair and secure commerce,”

  • Visa will continue to facilitate gun purchases as long as it is legal for people to buy guns, the chief executive of the credit card giant told CNBC on Wednesday.
  • “We are guided by the federal laws in a country, and our job is to create and to facilitate fair and secure commerce,” said Visa Chairman and CEO Alfred Kelly, the latest corporate leader to address the issue of gun control after the deadly weekend mass shootings in Texas and Ohio.
  • “We shouldn’t tell people they can’t purchase a 32-ounce soda. We shouldn’t tell people they can’t buy reproductive drugs,” Kelly said.

Visa will continue to facilitate gun purchases as long as it is legal for people to buy firearms, the chief executive of the credit card giant told CNBC on Wednesday.

“We are guided by the federal laws in a country, and our job is to create and to facilitate fair and secure commerce,” said Visa Chairman and CEO Alfred Kelly, the latest corporate leader to address the issue of gun control after the deadly weekend mass shootings in Texas and Ohio.

Payment companies PayPal and Square do not allow their services to be used for gun sales.

Kelly said it is the legislators who “need to do their job,” and Visa’s stance as a payment processor for gun purchases hasn’t changed over the past year.

“The reality is that it’s very hard for us to do it. … If we start to get in the mode of being legislators it’s a very slippery slope,” Kelly said. “We shouldn’t be determining what’s right or wrong in terms of people’s purchases.”

The company will continue to “follow the laws of the land,” he added.

www.cnbc.com/2019/08/07/visa-ceo-unlike-paypal-and-square-we-wont-block-gun-purchases.html

445 views