US credit card giants said they will implement a new merchant category code for the nation's gun retailers, which gun control activists say will help flag potential mass shooters and gun traffickers.
American Express said it will follow its usual business practices and work with third-party processors and partners to implement the code,"We are focused on ensuring that we have the right controls in place to meet our regulatory and fiduciary responsibilities, as well as prevent illegal activity on our network," the company said in a statement Sunday.
Nearly every retail item has a merchant category code - prior to Friday's decision by the ISO, gun store sales were classified under a general merchandise or sporting goods category.
“They” are lying to you and this has nothing to do with mass shootings. time for cash!
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Credit card companies will adopt new sales code for gun transactionsUS credit card giants said they will implement a new merchant category code for the nation’s gun retailers, which gun control activists say will help flag potential mass shooters and gun traffickers. Good thing criminals steal their guns or buy them off the streets. Guess I'll just use cash like always
Source: CNN - 🏆 4. / 95 Read more »
Credit Card Sales at Gun Stores Would Be Flagged Under New CodeAn organization that sets standards for business transactions has voted to create a special code for gun stores to use when processing credit and debit card transactions, a move long sought by gun safety advocates who say it will help law enforcement officials spot suspicious purchases. The decision by the group, the International Organization for Standardization, or ISO, is likely to set off a political firestorm in Washington and around the country as well as a debate among banks and companies Yes I’m sure all illegal gun sales are documented on charge cards 🙄 Cash it is then. Pay with cash. So Big Brother can't track your spending...
Source: YahooNews - 🏆 380. / 59 Read more »