Tuesday, February 15, 2005

Payments Companies Turn Profits Into Donations for Tsunami Relief


Payments Companies Turn Profits Into Donations for Tsunami Relief
esponse to the Asian tsunami has been so overwhelming thanks, in large part, to donors making contributions online using credit cards. But in the United States and Canada, payments companies are donors now, too.

On Jan. 3, 2005 VeriFone Inc. announced a $200,000 pledge to the tsunami disaster relief efforts, including $100,000 from the company; this was matched by another pledge made by VeriFone Chairman and Chief Executive Officer Douglas G. Bergeron on behalf of The Bergeron Family Trust.

Visa, MasterCard and American Express Co. (AmEx) in both countries said they will contribute to relief agencies in several ways.

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