Originally Published at CNN Business
By Brian Fung
OnlyFans’ decision to attribute its policy change to payment companies reflects how the financial sector has increasingly leaned against sites that share adult content. But the issue, they say, is not one of mere prudishness, but legal exposure.
“I think we’re on the verge of a cultural shift in the finance industry that takes this issue far more seriously,” said Haley McNamara, VP of the National Center on Sexual Exploitation, an advocacy group that last year began pressuring payment companies to act more aggressively on abusive sexual content.
Credit card companies are growing increasingly conscious of their own potential legal exposure, McNamara added, if they are accused of facilitating sex trafficking or the spread of child sexual abuse material.
“Mastercard is the most proactive, [but] we’ve had conversations with Visa and other credit card [networks] as well,” said McNamara. “A number of payment processors are waiting to see how Mastercard’s policies fare.”
