28 July 2016
Find out more

WikiLeaks opens new payment gateway as reserve funds run dry

18 July 2012  |  4476 views  |  0 tick tock

Whistle-blowing Website WikiLeaks has opened a new payment gateway for Visa and MasterCard donations through the French Carte Bleue system as it bids to raise $1 million or face closure in the next few months.

The banking blockade against WikiLeaks followed the publication by the site of sensitive US diplomatic cables and has so far choked off more than 95% of donations, costing the organisation in excess of $20 million.

A new report by the Wau Holland Foundation estimates that for the year 2011, the blockade resulted in WikiLeaks' income falling to just 21% of its operating costs.

The outfit has been forced to run on its cash reserves, which have diminished from EUR800,000 at the end of December 2010, to less than EUR100,000 at the end of June 2012. The site ceased publication in October in an effort to conserve cash, but says that its reserve funds will expire within a few months.

The group says: "In order to effectively continue its mission, WikiLeaks must raise a minimum of EUR 1 million immediately."

In its latest attempt to dodge the squeeze on donations, the French non-profit FDNN (Fund for the Defense of Net Neutrality) has set up a Carte Bleue account for WikiLeaks. The group is urging supporters to make use of the gateway before Visa and MasterCard attempts to shut it down.

WikiLeaks is pursuing several actions against the blockade. Last week, an Icelandic court ordered local card acquiring outfit Valitor to reopen a gateway to WikiLeaks by 26 July 2012, or face a fine of ISK800,000 daily.

A European Commission preliminary investigation into the blockade was also started in July 2011. A Commission decision on whether to pursue the financial services companies involved is expected before the end of August.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

WikiLeaks claims banking blockade court victory

WikiLeaks claims banking blockade court victory

13 July 2012  |  5682 views  |  0 comments
WikiLeaks files anti-trust complaint against Visa and MasterCard

WikiLeaks files anti-trust complaint against Visa and MasterCard

14 July 2011  |  6933 views  |  0 comments
Visa shuts down WikiLeaks payments workaround

Visa shuts down WikiLeaks payments workaround

08 July 2011  |  8840 views  |  0 comments
WikiLeaks to sue Visa and MasterCard

WikiLeaks to sue Visa and MasterCard

04 July 2011  |  9510 views  |  3 comments
WikiLeaks hacktivists take down MasterCard

WikiLeaks hacktivists take down MasterCard

28 June 2011  |  15479 views  |  1 comments
UK police arrest five over WikiLeaks-related Anonymous Web attacks

UK police arrest five over WikiLeaks-related Anonymous Web attacks

27 January 2011  |  11395 views  |  0 comments
WikiLeaks day five: Moneybookers feels the wrath of hacktivists

WikiLeaks day five: Moneybookers feels the wrath of hacktivists

10 December 2010  |  16961 views  |  0 comments
WikiLeaks: Visa.com latest Operation Payback victim

WikiLeaks: Visa.com latest Operation Payback victim

09 December 2010  |  16202 views  |  2 comments
WikiLeaks: US lobbied Russia for MasterCard and Visa

WikiLeaks: US lobbied Russia for MasterCard and Visa

08 December 2010  |  12355 views  |  1 comments
WikiLeaks: Hackers humble MasterCard; IT firm threatens to sue Visa Europe

WikiLeaks: Hackers humble MasterCard; IT firm threatens to sue Visa Europe

08 December 2010  |  16903 views  |  2 comments | 1 tweets
WikiLeaks: Merkel furious at MEPs over Swift data sharing deal rejection

WikiLeaks: Merkel furious at MEPs over Swift data sharing deal rejection

06 December 2010  |  13771 views  |  0 comments
Major US bank next in line for WikiLeaks

Major US bank next in line for WikiLeaks

30 November 2010  |  13166 views  |  4 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
Visit www.abe-eba.euVisit VocaLink.comFind out more

Who is commenting?

Top topics

Most viewed Most shared
satelliteContactless Bitcoin startup Plutus Tap &am...
9588 views comments | 10 tweets | 4 linkedin
Apps crush internet for UK banking loginsApps crush internet for UK banking logins
8606 views comments | 19 tweets | 25 linkedin
Telefonica Germany launches Fidor-backed mobile banking serviceTelefonica Germany launches Fidor-backed m...
6800 views comments | 16 tweets | 22 linkedin
UK and South Korea build 'fintech bridge'UK and South Korea build 'fintech bridge'
5961 views comments | 13 tweets | 14 linkedin
hands typing furiouslyManaging Big Data After Brexit
5904 views 0 | 5 tweets | 8 linkedin

Featured job


Brussels (Belgium) or Paris (France)

Find your next job