Jannah Theme License is not validated, Go to the theme options page to validate the license, You need a single license for each domain name.

Visa and Mastercard Withhold Tracking for Gun Shop Purchases

Visa and Mastercard have suspended their decision to start classifying purchases at firearms stores. This was a major win for conservative groups and Second Amendment supporters who felt that tracking purchases at gun dealers would inadvertently discriminate against legal firearm purchases.

The move is a step backwards for gun control groups. They said sorting credit and debit card purchases could help authorities determine potential red flags, such as buying large amounts of ammunition, before a mass shooting occurs. says.

gun sales in america
NEW JERSEY, USA – MAY 26: Firearms are seen at Bob’s Little Sports Gun Shop in the town of Glassboro, NJ, USA on May 26, 2022.

Tayfun Coskun/Anadolu Agency via Getty Images

After Visa and Mastercard announced plans to implement a separate merchant category code for gun dealer purchases, the payment network faced significant backlash from gun lobbies and conservative politicians. His group of 24 Republican state attorneys general wrote a letter threatening legal action against them if the payment network went ahead with the plan.

Bills are also pending in several state legislatures to ban tracking purchases at gun stores. That would make it even more difficult for Visa and Mastercard to implement classification.

In a statement, Visa indicated that legal backlash had put the implementation on hold for some reason.

“There is currently significant disruption and legal uncertainty in the payments ecosystem, with national actions disrupting the intent of global standards,” the company said.

Visa and Mastercard say the classification of gun dealers is a decision beyond their control. The International Organization for Standardization, better known as ISO, is the group that categorizes merchant codes, and Visa and Mastercard are following its decisions, the companies said. We lobbied for a change in

Visa and Mastercard plans did not track individual gun purchases. We would have split gun store purchases as a separate category.

But not all gun shop bulk purchases were considered red flags. For example, the purchase of a gun safe, which costs thousands of dollars, is considered a responsible tool for gun owners and irrelevant to potential mass shootings. It was considered a big purchase.

Montana Attorney General Austin Knudsen, who led the 24-state Republican group that pressured Visa and Mastercard, said in a statement, “Visa and Mastercard came to the right conclusion. should not simply “pause” the implementation of this plan. — they should end it definitively. ”

https://www.cbsnews.com/news/visa-mastercard-gun-shop-purchases-tracking-pause/ Visa and Mastercard Withhold Tracking for Gun Shop Purchases

Back to top button