HOME | SN-BRIEFS |
SYSTEM OVERVIEW |
EFFECTIVE MANAGEMENT |
PROGRESS PERFORMANCE |
PROBLEMS POSSIBILITIES |
STATE CAPITALS |
FLOW ACTIVITIES |
FLOW ACTORS |
PETER BURGESS |
SiteNav | SitNav (0) | SitNav (1) | SitNav (2) | SitNav (3) | SitNav (4) | SitNav (5) | SitNav (6) | SitNav (7) | SitNav (8) |
Date: 2024-04-19 Page is: DBtxt001.php txt00007091 |
Company |
Burgess COMMENTARY |
JPMorgan Chase Refuses to Process Payments for Women Entrepreneurs' Condom Company A news story today made me wonder if I had woken up in 1955, in the starched and sexually repressed world of Back to the Future or Pleasantville. I snapped back to reality as I realized I was reading it online, on Huffington Post: A major online payment processor is refusing to handle credit card payments for a startup condom company. A representative for Chase Paymentech, the payment processing platform offered by JPMorgan Chase, told Lovability founder Tiffany Gaines over the phone this week that the company considers it a 'reputational risk' to handle online payments for condoms, which it classifies as an 'adult-oriented product.' Lovability was founded by a mother-and-daughter team of entrepreneurs:
For some reason, Chase Bank thought doing business with this company would be a 'reputational risk.' It would be interesting to know if Chase also refuses to process payments for guns. Those are pretty controversial too -- much more controversial, in this day and age, than latex birth control. But I doubt that gun retailers have been banned from accepting credit card payments from customers. Somebody correct me if I'm wrong. I think Chase needs to step out of the time machine and embrace the 21st century. We're not living in the times anymore when nervous teenagers had to request condoms from behind the pharmacy counter, bracing themselves for a stern lecture or refusal of service. The only risk to Chase's reputation is from the ridiculously offensive stance they have taken against birth control and the blacklisting of innovative and socially-conscious female entrepreneurs. Perhaps they plan to shift most of their business to countries like Saudi Arabia, Iran, and Afghanistan. Because after this boner of a decision, it's hard to imagine anyone in the more progressive countries of the world deciding to do their banking with Chase. |
by Eric Stetson
SUN MAR 23, 2014 AT 03:32 PM PDT |
The text being discussed is available at http://www.dailykos.com/story/2014/03/23/1286853/-JPMorgan-Chase-Refuses-to-Process-Payments-for-Female-Entrepreneurs-Condom-Company |
SITE COUNT< Blog Counters Reset to zero January 20, 2015 | TrueValueMetrics (TVM) is an Open Source / Open Knowledge initiative. It has been funded by family and friends. TVM is a 'big idea' that has the potential to be a game changer. The goal is for it to remain an open access initiative. |
WE WANT TO MAINTAIN AN OPEN KNOWLEDGE MODEL | A MODEST DONATION WILL HELP MAKE THAT HAPPEN | |
The information on this website may only be used for socio-enviro-economic performance analysis, education and limited low profit purposes
Copyright © 2005-2021 Peter Burgess. All rights reserved. |