Visa, Mastercard, AmEx 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.
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.
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