(MC) – For many in the LGBTQIA+ community, the name on their credit, debit or prepaid card does not reflect their true identity. As a result, for the transgender and non-binary communities in particular, the card in their pocket can serve as a source of sensitivity, misrepresenting their true identity when shopping and going about daily life. Today, Mastercard is making a commitment to address this challenge by introducing the True Name™ card.

We are working with partners to create a product, as well as a sensitive and private process free of personal questions, that will allow for true names, not deadnames, to appear on cards without the requirement of a legal name change. This will ease a major pain point for the transgender and non-binary community. Mastercard calls on the industry to apply these standards for everyone, ensuring a way for people’s financial products to reflect their true identity. READ MORE