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Cablegate: Visa and Mastercard Benefitted from State Department Lobbying

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posted on Dec, 8 2010 @ 11:50 AM
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wikileaks.ch...

So now we see the real reason why these companies have refused Wikileaks' accounts.

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United States - Visa and Mastercard beneficiaries of State Department lobbying effort
WikiLeaks Staff, 8 December 2010, 14.00 GMT


Visa and Mastercard both received lobbying support from the Department of State under President Obama, the latest Cablegate release reveals.

A cable from the Moscow embassy, dated 1st February 2010, details a new Russian card processing law which the embassy said would “disadvantage U.S businesses”, and urged senior US officials to take action. (click here).

“This draft law continues to disadvantage U.S. payment card market leaders Visa and MasterCard, whether they join the National Payment Card System or not,” it said.

Russia was considering whether to implement a new system of card payments (called NPCS), which would create a new payment processor run by Russia’s state banks. This would then handle all processing for domestic banking in the country.

“The fees for these services are estimated at Rb 120 billion ($4 billion) annually...the vast majority of Visa’s business in Russia is done with cards issued and used in Russia; with earnings from processing going to NPCS, Visa would no longer profit from these transactions.”

When discussing possible causes of the restrictive legislation, a senior Visa employee in the country told embassy officials he believed the move was due to Russian suspicions that Visa and Mastercard passed information to the US government.

“[Redacted] believes that, at least at the Deputy Minister level, MinFin’s hands are tied. Implying that Russian security services were behind this decision, [redacted] said, ‘There is some se-cret (government) order that no one has seen, but everyone has to abide by it." “As described reftel, credit card company and bank representatives have told us that GOR (government of Russia) officials apparently assume that US payment systems routinely share data associated with payment transactions by Russian cardholders with intelligence services in the US and elsewhere.”

The embassy’s economic officer, Matthias Mitman, concluded his cable by calling for action.

“While the draft legislation has yet to be submitted to the Duma and can still be amended, post will continue to raise our concerns with senior GOR officials,” he said.

“We recommend that senior USG officials also take advantage of meetings with their Russian counterparts, including through the Bilateral Presidential Commission, to press the GOR to change the draft text to ensure U.S. payment companies are not adversely affected.”




posted on Dec, 8 2010 @ 11:55 AM
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Nice thread


crooks lobbying crooks .Us diplomacy is big mafia !



posted on Dec, 8 2010 @ 12:09 PM
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reply to post by wcitizen
 


The Russians are right. This information is being tracked and passed along to the U.S. Government in REAL TIME.

Here is Wired Magazine explaining:

Federal law enforcement agencies have been tracking Americans in real-time using credit cards, loyalty cards and travel reservations without getting a court order, a new document released under a government sunshine request shows.

source

They can also make sure you do not know your being tracked.

They also do not report to Congress.

Every year, the Justice Department does have to report to Congress the numbers of criminal and national security wiretaps undertaken, as well as the number of National Security Letters issued. Tens of thousands of NSLs are issued yearly — most with gag orders that forbid ISPs or librarians from ever saying they have ever been served with such a subpoena


To say this is ripe for abuse is an understatement.



edit on 8-12-2010 by pianopraze because: added omitted last sentence



posted on Dec, 9 2010 @ 06:18 AM
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Isn’t this what you want government to be doing? Lobbying other nations to protect the interests of American companies? $4bn is a lot of money and it doesn’t all go into the pockets of the super rich, it goes to keeping people in work and to small share holders who depend on it for pension money and the like.



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