Major credit card companies are making it easier to track gun sales

  • 📰 WBUR
  • ⏱ Reading Time:
  • 50 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 23%
  • Publisher: 63%

Australia News News

Australia Australia Latest News,Australia Australia Headlines

Payment processor Visa said Saturday that it plans to start separately categorizing sales at gun shops, a major win for gun control advocates who say it will help better track suspicious surges of gun sales that could be a prelude to a mass shooting.

Visa is joining Mastercard and American Express in plans to separately categorize sales at gun shops, a change that gun control advocates consider a win.

Visa said it would adopt the International Organization for Standardization's new merchant code for gun sales, which was announced on Friday. Until Friday, gun store sales were considered"general merchandise." "When you buy an airline ticket or pay for your groceries, your credit card company has a special code for those retailers. It's just common sense that we have the same policies in place for gun and ammunition stores," said New York City Mayor Eric Adams, a former police captain who blames the proliferation of guns for his city's deadly violence.

Lander is a trustee of the New York City Employees' Retirement System, Teachers' Retirement System and Board of Education Retirement System — which together own 667,200 shares in American Express valued at approximately $92.49 million; 1.1 million shares in MasterCard valued at approximately $347.59 million; and 1.85 million shares in Visa valued at approximately $363.86 million.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 274. in AU

Australia Australia Latest News, Australia Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

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 companies will adopt new sales code for gun transactionsThey say it will help better track suspicious surges of gun sales that could be a preclude to a mass shooting. “They” are lying to you and this has nothing to do with mass shootings. time for cash!
Source: abc7newsbayarea - 🏆 529. / 51 Read more »

Credit card companies will adopt new sales code for gun transactionsThey say it will help better track suspicious surges of gun sales that could be a preclude to a mass shooting. Right because criminals buying and selling guns do it by credit card. Great, criminals all use credit cards.
Source: 6abc - 🏆 250. / 63 Read more »