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Mastercard, Visa suspend ties with ad arm of Pornhub owner MindGeek

By Michelle Price WASHINGTON (Reuters) - Visa (NYSE:V) and Mastercard (NYSE:MA) on Thursday said they had suspended ties with the advertisement arm of MindGeek, owner of...

By Michelle Price

WASHINGTON (Reuters) - Visa (NYSE:V) and Mastercard (NYSE:MA) on Thursday said they had suspended ties with the advertisement arm of MindGeek, owner of pornography website Pornhub, after a lawsuit alleged raised questions over whether payments companies could be facilitating child pornography.

On Friday, a federal judge in California rejected Visa’s motion to dismiss a lawsuit by a woman who alleges the company facilitated the distribution of child pornography on Pornhub and other websites run by its parent company MindGeek.

Visa said "we strongly disagree with this decision" and that the company "does not permit the use of our network for illegal activity."

Both Visa and Mastercard in 2020 cut ties with Pornhub after The New York Times reported that many videos posted on the adult website depicted sexual assault of children. Pornhub denied the allegations.

However, Friday's court ruling created new uncertainty about the role of TrafficJunky, MindGeek’s advertising arm, Visa said.

"Accordingly, we will suspend TrafficJunky’s Visa acceptance privileges based on the court’s decision until further notice."

Likewise, Mastercard said on Thursday that new facts from the ruling "made us aware of advertising revenue outside of our view that appears to provide Pornhub with indirect funding."

As a result, the company is "directing financial institutions to suspend acceptance of our products at TrafficJunky."

Representatives for MindGeek and TrafficJunky did not immediately respond to requests for comment.

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17-08-2022 22:29:14 (UTC+7)

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 EUR/USD1.0170↑ Buy
 GBP/USD1.2048↑ Sell
 USD/JPY135.35Neutral
 AUD/USD0.6918Neutral
 USD/CAD1.2923Neutral
 EUR/JPY137.65↑ Sell
 EUR/CHF0.9692Neutral
 Gold1,777.65↑ Sell
 Silver19.677↑ Sell
 Copper3.5847↑ Buy
 Crude Oil WTI87.27Neutral
 Brent Oil92.90Buy
 Natural Gas9.218↑ Sell
 US Coffee C220.60↑ Buy
 Euro Stoxx 503,755.25↑ Sell
 S&P 5004,268.30Buy
 DAX13,619.18↑ Sell
 FTSE 1007,514.63↑ Buy
 Hang Seng19,922.45Neutral
 Small Cap 20001,979.75↑ Sell
 IBEX 358,429.84↑ Sell
 BASF42.833↑ Sell
 Bayer53.37Sell
 Allianz177.23Buy
 Adidas168.78↑ Sell
 Lufthansa6.476↑ Sell
 Siemens AG108.52↑ Buy
 Deutsche Bank AG8.831↑ Sell
Mua/Bán 1 chỉ SJC
# So hôm qua # Chênh TG
SJC Eximbank6,600/ 6,700
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