[Levin]

PUBLISHED THU, AUG 4 202212:05 PM EDTUPDATED 3 HOURS AGO
Kate Rooney

• Visa and Mastercard have suspended card payments for advertising on Pornhub and its parent company MindGeek.
  

• A federal judge in California on Friday denied Visa’s motion to dismiss a lawsuit by a woman who accuses the payment processor of knowingly facilitating the distribution of child pornography on Pornhub and other sites operated by parent company MindGeek.
  

• Visa CEO and Chairman Al Kelly said he strongly disagrees with the court’s decision and is confident in his position.
  

• However, the court decision created uncertainty about the role of TrafficJunky, MindGeek’s advertising arm, so the company will suspend its Visa acceptance privileges until further notice, Kelly said.
  

• Mastercard also cited new revelations from the case for its decision.
  

https://www.cnbc.com/2022/08/04/visa-sus...versy.html?