Bank of America ( BAC ), a reported target of WikiLeaks' threats to reveal sensitive documents with unknown contents regarding the internal workings of a major bank or banks, no longer will process payments for WikiLeaks, the Associated Press reports .
Saturday's announcement by the Charlotte, North Carolina-based bank heaps additional pressure on the website that has publicized large amounts of diplomatic documents from the U.S. When other banks have ceased processing for WikiLeaks, the site's supporters - known as 'hacktivists' - have exacted a measure of revenge.
But Bank of America's website is renowned for being one of the strongest in the industry.
"This decision is 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," according to a statement issued by Bank of America.
After severing ties with WikiLeaks, both MasterCard ( MA ) and PayPal both were impacted by technical difficulties believed to come from Operation Payback, codename for the hacktivists' revenge scheme.
The website that has released more than 250,000 confidential documents from the U.S. State Department said it is readying release of incriminating information about banks, one of which is believed to be Bank of America.
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