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.

Right because criminals buying and selling guns do it by credit card.

Great, criminals all use credit cards.

ประเทศไทย ข่าวล่าสุด, ประเทศไทย หัวข้อข่าว

Similar News:คุณยังสามารถอ่านข่าวที่คล้ายกันนี้ซึ่งเรารวบรวมจากแหล่งข่าวอื่น ๆ ได้

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
แหล่ง: CNN - 🏆 4. / 95 อ่านเพิ่มเติม »

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!
แหล่ง: abc7newsbayarea - 🏆 529. / 51 อ่านเพิ่มเติม »