MasterCard to Lift Transaction Block on U.S. Cards in Cuba

[Purveyor]

Source: Bloomberg

MasterCard Inc. (MA) said it will lift a block on U.S. bank-card transactions in Cuba after receiving guidance from the Treasury Department’s Office of Foreign Assets Control.

The change takes effect March 1, according to a bulletin the Purchase, New York-based company sent to banks and other customers and obtained by Bloomberg News. Seth Eisen, a MasterCard spokesman, confirmed the bulletin’s contents.

President Barack Obama announced last month that the U.S. would relax restrictions on trade and travel with Cuba, which would include allowing Americans to use their credit cards in the country. MasterCard and Visa Inc. (V) cards issued by banks outside the U.S. are already accepted in the Caribbean nation.

North Korea will be the only country blocked by MasterCard after March 1, according to the bulletin.

Read more: http://www.bloomberg.com/news/2015-01-23/mastercard-to-lift-transaction-block-on-u-s-cards-in-cuba-1-.html

[KamaAina]

1. Dammit! I only have Visa and Discover.

[Paladin]

2. We're not quite there yet but......

....here come my mail order, authentic Romeo y Julieta smokes. Gracias a Dios.......

[Earth_First]

3. Yep...

Soon enough my friend.

[Paladin]

4. My wife and kids will never have to worry about b-day and Christmas gifts for me again.

They'll always know what I'd like......