Payment processor Visa Inc. says it plans to start separately categorizing sales at gun shops.
Merchant category codes now exist for almost every kind of purchase, including those made at supermarkets, clothing stores, coffee shops and many other retailers.
“Unfortunately, the credit card companies have failed to support this simple, practical, potentially lifesaving tool. The time has come for them to do so," Lander said recently, before Visa and others had adopted the move. Gun rights advocates argue that tracking sales at gun stores would unfairly target legal gun purchases, since merchant codes just track the type of merchant where the credit or debit card is used, not the actual items purchased. A sale of a gun safe, worth thousands of dollars and an item considered part of responsible gun ownership, could be seen as a just a large purchase at a gun shop.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Visa, Mastercard, AmEx to start categorizing gun shop salesPayment processor Visa Inc. says it plans to start separately categorizing sales at gun shops.
Read more »
Payment Processor Visa To Start Categorizing Sales At Gun StoresVisa’s adoption is significant as the largest payment network, and will likely add pressure for Mastercard and American Express to adopt the code as well.
Read more »
Visa, Mastercard, AmEx to start categorizing gun shop salesPayment processor Visa Inc. said late Saturday that it plans to start separately categorizing sales at gun shops.
Read more »
Visa, Mastercard, AmEx to start categorizing gun shop salesIt’s 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.
Read more »
Visa plans to separately categorize gun shop salesVisa said it would adopt the International Organization for Standardization’s new merchant code for gun sales, which was announced on Friday.
Read more »
Visa, Mastercard, AmEx to start categorizing gun shop salesNEW YORK (AP) — Payment processor Visa Inc. 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.
Read more »