Mastercard adopts new policy for transgender and non-binary consumers

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Mastercard has adopted a new policy aimed at reducing a major source of stress for transgender and non-binary consumers.

The company is introducing the “True Name” card, which will allow card holders to choose for their preferred name to appear on their credit and debit cards even if it does not match their legal name.

The company is in the process of developing “a sensitive and private process free of personal questions” in coordination with issuers to allow consumers to choose what name they want to appear on the card, the company said.

Ultimately, individual debit- and credit-card issuers will be the ones to implement Mastercard’s policy.

However, credit-card experts expected widespread adoption of this policy — not only by banks, but also Mastercard’s competitors such as Visa, American Express and Discover.

Via Market Watch 

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