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Mastercard will now allow transgender customers to use their preferred names on debit and credit cards

Mastercard MA, -0.35% has adopted a new policy aimed at reducing a major source of stress for transgender and non-binary consumers.

The company is introducing the “True Name” card, which will allow card holders to choose for their preferred name to appear on their credit and debit cards even if it does not match their legal name.

The company is in the process of developing “a sensitive and private process free of personal questions” in coordination with issuers to allow consumers to choose what name they want to appear on the card, the company said.

Ultimately, individual debit- and credit-card issuers will be the ones to implement Mastercard’s policy.

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