Bank of America announced today that they will no longer support payments to whistle-blowing website WikiLeaks. Bank of America is now among a list of institutions including Visa, MasterCard and PayPal who have refused to process any transactions that are believed to be intended for WikiLeaks.
When asked why this decision was made, Bank of America responded on the Charlotte Observer with; “based upon our reasonable belief that WikiLeaks may be engaged in activities that are, among other things, inconsistent with our internal policies for processing payments.”
This action by Bank of America will no doubt tempt the same hackers who attacked and took down MasterCard and Visa earlier this month. A Twitter comment was also released today asking supporters to boycott the bank, saying “all people who love freedom close out their accounts at Bank of America.”
However, analysts believe, that due to Bank of America’s size, that it could possibly be defend off the same attack MasterCard and Visa encountered.
Earlier this month, WikiLeaks was believed to have delicate information on Bank of America which they planned to share with the public in their next release.