Guns & ammo purchased by credit card will be coded | Eastern North Carolina Now | Cash is looking better and better

Coronavirus Disease 2019 (COVID-19)

(The Center Square) – The international organization responsible for creating merchant category codes for credit card purchases has given its approval to establish one for transactions made at gun stores.

The International Organization for Standardization’s Registration and Maintenance Management Group met on Wednesday to discuss a request made by Amalgamated Bank to set up such a code.

An ISO spokesperson told The Center Square that RMMG members could not decide whether to approve the application. That elevated the discussion to the ISO leadership that oversees standards for retail financial services.

 

“Considering the application met all the criteria from ISO 18245 and no material arguments pertaining to the approval criteria outlined in the ISO 18245 standard to reject the code were made, SC9 leadership has approved this MCC application in order to comply with the standard,” the ISO said in a statement provided by Maria Lazarte, the organization’s team leader for media and engagement.

That decision came less than a week after New York Attorney General Letitia James and California Attorney General Rob Bonta sent a letter to chief executives at American Express, Mastercard and Visa, urging them to support a merchant category code. They were joined on Wednesday morning by New York Gov. Kathy Hochul, who tweeted in support of an MCC.

In a statement late Friday afternoon, James celebrated the ruling, saying it will prevent tragedies.

“Labeling gun and ammunition sales is a responsible, common-sense way to help protect Americans, and I thank Amalgamated Bank for their bold leadership on this critical issue,” James said. “I urge credit card companies to take the next step and flag suspicious transactions on gun and ammunition sales, like they do for fraud and money laundering.”

Opponents of the measure included the National Rifle Association and the National Shooting Sports Foundation.

 

In a statement to The Center Square, Mark Oliva, the organization’s managing director for public affairs, slammed the move, saying the creation of the code was “flawed on its premise. Those who believe it will help law enforcement do not provide details on what should be considered suspicious purchases."

“This decision chills the free exercise of Constitutionally-protected rights and does nothing to assist law enforcement with crime prevention or holding criminals accountable,” he said. “The Department of Justice’s Bureau of Justice Statistics consistently shows in their own reporting that 90% of felons convicted of their crimes involving a firearm admit they illegally obtain those guns through theft or trading on the black market. 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.”

Oliva added supporters of the MCC actually hope to stop purchases of guns and ammunition through credit cards.

“Credit card companies have previously publicly resisted this because they understand it is not in their interest to monitor lawful private purchases,” he added.

It’s uncertain at this time when the MCC would take effect.

American Express, through a statement provided by Vice President of Corporate Affairs and Communications Andrew Johnson, said that it will follow the standard business practices, as it does anytime the ISO develops a new MCC.

“It is important to note that MCC codes are one of many data points that help us understand the industries in which our merchants operate,” the statement read. “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.”

https://www.thecentersquare.com/new_york/gun-ammunition-purchases-by-credit-card-will-be-coded/article_5e81114c-307b-11ed-9d5f-8bd1e30f121a.html

Go Back


Leave a Guest Comment

Your Name or Alias
Your Email Address ( your email address will not be published)
Enter Your Comment ( no code or urls allowed, text only please )



Comment

( September 10th, 2022 @ 4:56 pm )
 
Well, I always use cash on gun and ammo purchases anyway, but this action by these slugs at AmEx, Mastercard, and Visa, kowtowing to police state Democrats, means I will minimize my use of credit cards on day to day purchases. Screw these credit card jerks. Cash means privacy.



FDA refuses to provide key COVID-19 vaccine safety analyses Rant & Rave, Editorials, Beaufort Observer, Op-Ed & Politics Lefty media tries to split GOP candidates from Trump


HbAD0

Latest Op-Ed & Politics

The months-long drought in southern Texas has ended after local woman Stacy Ramage emptied all the water bottles from her nightstand into the water supply.
Ukrainian President Volodymyr Zelensky announced on Friday that his nation has formally submitted an expedited application to become a member of the North Atlantic Treaty Organization (NATO).
Voter I.D. garners more support than the president or the governor
The full measure of Hurricane Ian‘s coast-to-coast trail of death and devastation in Florida was revealed as dawn broke Friday, including at least 19 deaths, countless homes washed out to sea, and millions without power
Stacey Abrams turned the medical world upside-down earlier this week with her revelation that heartbeats are a complete scam, concocted to trick women into thinking babies are alive.
Florida first lady Casey DeSantis announced Thursday evening that within just a few hours of activating the Florida Disaster Fund that more than $10 million has been raised to support communities impacted by Hurricane Ian.
Rep. Jim Jordan (R-OH) said during an interview Thursday night that he believes that there has been “retaliation” taken against FBI whistleblowers who have exposed alleged problems within the Bureau in recent weeks.
Military experts believe the Russian war effort may be in trouble after Vladimir Putin was seen attempting to teach polar bears how to drive tanks.
The U.S. Senate passed a stopgap bill Thursday, seeking to avoid a partial government shutdown while also sending billions of dollars more to Ukraine.

HbAD1

Sunday is the least popular day to vote in most counties that offer one-stop voting on those days
Vice President Kamala Harris (D) faced mockery Thursday over a series of events that unfolded during her trip to South Korea.
Local man John Falco received the tragic news today from his doctor that all the things happening to his body are completely normal, he's simply 40 years old now.
Rep. Alexandria Ocasio-Cortez (D-NY) claimed during a House hearing Thursday that abortion was an economic issue because if women are not allowed to have an abortion, then parents are effectively “conscripted” to work against their will.
Big Tech is a govenrment actor and violating our free speech rights
Ian expected to strengthen into Category 1 Hurricane before making landfall in South Carolina
Florida Governor Ron DeSantis (R) has provided an update on estimated fatalities as a result of Hurricane Ian after Sheriff Carmine Marceno said during an interview Thursday morning that he believed hundreds of people had been killed.

HbAD2

 
Back to Top