New Visa / MC / AMEX merchant codes
Excerpts from recent articles on recently added merchant codes for guns and ammunition:
Officials in New York City and the state of New York have
asked American Express, MasterCard, and Visa to make a four-digit merchant
category code (MCC) like the ones used for other retail categories to better
identify and report suspicious behavior, such as large purchases of firearms.
On Friday (9/9), the International Organization for Standardization –the organization in charge of setting standards for business transactions — voted to create a “merchant category code” for gun purchases. This will allow banks that process payments from gun retailers to assign the new code to the gun stores.
The managing director for public affairs for the National Shooting Sports Foundation, a U.S. trade association for the firearms industry, told The Center Square that the code’s creation was “flawed on its premise. This decision chills the free exercise of constitutionally protected rights and does nothing to assist law enforcement with crime prevention or holding criminals accountable. Attaching codes specific to firearm and ammunition purchases casts a dark pall by gun control advocates who are only interested in disarming lawful gun owners.”
A spokesperson for the National Rifle Association Institute for Legislative Action (NRA-ILA), the lobbying arm of the gun rights advocacy group NRA, told The Center Square: “Implying that firearm purchases are suspicious demonstrates an obvious bias these attorneys general hold against anyone who chooses to exercise a fundamental constitutional right. Creating specific credit card codes for firearms lays the groundwork for a de facto firearm registration. Suggesting otherwise is either shortsighted or deceptive”