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Visa Inc (V.N), the world’s largest payments processor, said on Saturday it will implement a new merchant category code for US gun retailers, which will identify transactions at firearms stores.

Image: ReutersVisa Inc , the world’s largest payments processor, said on Saturday it will implement a new merchant category code for US gun retailers, which will identify transactions at firearms stores.

“Following ISO’s decision to establish a new merchant category code, Visa will proceed with next steps, while ensuring we protect all legal commerce on the Visa network in accordance with our long-standing rules,” Visa said in a statement.

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