Mastercard have announced that it will allow customers to use a name other than their legal name. The move is to enable trans or binary people to use their “true name” and not their “dead name”.
MasterCard failed to respond to questions about whether this could be used by people to fraudulently change their name for illegal purposes.
The Department of Insurance, Securities and Banking for Washington DC’s government, which implements anti-fraud programs, said, “Whether this effort leads to increased fraud will, likely, depend on how it is implemented.”
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