Credit card companies will adopt new sales code for gun transactions

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.

Why do you all keep complaining about Republicans! We the people keep telling you to Impeach and Ban Republicans from working in OFFICE!!!

good start, but criminals will take advantage of this and will just use cash. 🤷🏻‍♂️

How? How will this identify potential mass shooters? The inept bureaucracy continues to come up with inept bureaucratic solutions.

Thats stupid, then people will use cash, and buy them on the streets for cheaper price. 🤦🏻‍♂️

Pay attention to how they used the term 'flag' and not STOP.

maybe I'm stupid... but I've yet to see a criminal who shot some one put the gun on a credit card... most criminals pay cash or make em themselves at home now via the 3D printer. - maybe the 3D printer should be banned from making ghost guns...

Profiling… racial maybe even.

Were going to star tracking who is supplying weapons to Ukraine and Term and Ate.

Those companies supplying money and weapons to Ukraine are subject for Term and ate.

Zelle and Private Sales are your friend 😂😂😂

Criminals don't use credit cards..!

A special code on gun purchases does nothing.

what's next, buying hamburger meat so there will be less cow farts?

So criminals pay with credit cards in the back market now? “Hey dawg. Your plastic bounced. Got another card?” 😂

💪🏼💪🏼💪🏼💪🏼💪🏼💪🏼💪🏼💪🏼💪🏼💪🏼

This will be new court battle and prevented. Or the stores will change the codes to protect their customers.

Criminals don’t care. What a joke.

Solution don’t use a credit card.

Again criminals don't follow the law an you can't stop a cash transaction this is absolutely ridiculous action by the CC companies it's only going to help the Law bidding buyers to help track their guns if stolen

Exactly. I’m surprised this wasn’t included in the “patriot act” to mass surveillance the 🇺🇸 citizens after 9/11 🙄

Well don’t use plastic! Duh!

Did you purchase weapons for Ukraine with Visa Mastercard ?

Cash is king

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

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
Källa: CNN - 🏆 4. / 95 Läs mer »

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!
Källa: abc7newsbayarea - 🏆 529. / 51 Läs mer »

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.
Källa: 6abc - 🏆 250. / 63 Läs mer »