Credit card companies will adopt new sales code for gun transactions

  • 📰 abc7newsbayarea
  • ⏱ Reading Time:
  • 29 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 51%

United States News News

United States United States Latest News,United States United States Headlines

They say it will help better track suspicious surges of gun sales that could be a preclude to a mass shooting.

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.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

“They” are lying to you and this has nothing to do with mass shootings. time for cash!

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:

 /  🏆 529. in US

United States United States Latest News, United States United States 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 »