Visa CEO Alfred Kelly when CNBC asks if his company will block purchases of firearms: “No. Our job is to facilitate secure commerce and to follow the laws of the land. Private companies should not be dictating what people can or cannot buy, so long as it’s legal”.
Unlike other payment processors who have allowed themselves to become politicized, Visa CEO Alfred Kelly has promised not to block purchases of firearms made through the company.
Asked if Visa would continue to facilitate firearms purchases, Kelly told CNBC, “We are guided by the federal laws in a country, and our job is to create and to facilitate fair and secure commerce.”
Adding that Visa would continue to “follow the laws of the land,” Kelly emphasized that private companies should not be dictating what people can or cannot buy, so long as it’s legal.
“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.”