Mastercard is making credit card transactions easier and more inclusive for transgender customers by allowing them to use their chosen names on their cards instead of the names they were given at birth, all without requiring a legal name change to have the moniker changed on the card for their account.
Mastercard has recently become more inclusive for customers in the transgender community, allowing them to use the names they choose on their credit cards instead of the ones they were given at birth.
“What we’re introducing is a card that represents an individual as who they truly are,” Raj Seshadri, president of U.S. issuers at Mastercard, told American Banker. “This is something that should be accessible to everyone in the way they want it and there shouldn’t be any pain in that.”
With these cards, a legal name change will not be necessary. Not only will it be more inclusive for trans and non-binary cardholders, but it will also alleviate challenges with using credit cards for these customers in general. About a third of trans and non-binary customers have faced harassment or had negative experiences because of different names on their identification.
“Mastercard listened to transgender and non-binary consumers’ need for privacy and authenticity and created a powerful tool to make their lives better,” said Zeke Stokes, chief programs officer at LGBTQ advocacy group GLAAD, in a statement reported by American Banker. “Other businesses should follow suit by working with members of the LGBTQ community to create financial products that reflect true identities.”
[Featured Image: Mastercard]