Mastercard introduces card for trans and non-binary customers

US – Mastercard is working with banking partners to introduce a card that will bear consumers’ chosen names without requiring a legal name change.

The True Name card will allow LGBTQ+ consumers to use names that reflect their true identity. Ensuring more inclusive financial products, the aim is to ease a major pain point for the transgender and non-binary community, many of whom forgo legal name changes and therefore often experience unwanted attention or discrimination when attempting to use their credit cards.

According to Mastercard, 32% of individuals who have shown IDs with a name or gender that did not match their presentation reported negative experiences, including harassment. ‘We are allies of the LGBTQIA+ community, which means if we see a need or if this community is not being served in the most inclusive way, we want to be a force for change to help address and alleviate unnecessary pain points,’ says Randall Tucker, Mastercard’s chief diversity and inclusion officer.

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