Page 10 - Merchant Category Code News Today

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

Some predict that FFLs will experience a significant increase in cash payments this year due to a newly adopted merchant category code (MCC) for firearm and ammunition credit-card purchases.

 

Credit card provider Discover Financial Services will soon allow its network to track purchases made using payment cards at gun stores—triggering criticism that such activity leads to targeting gun owners.

Amalgamated Bank CEO Priscilla Sims Brown isn’t shy about catering to Democratic politics and progressive causes.

TALLAHASSEE, Fla. (Feb. 22, 2023) - On Tuesday, a Florida Senate committee passed a bill that would prohibit financial institutions operating in the state from using a credit card merchant code to track the purchases of firearms and ammunition. Sen. Daniel Burgess (R) filed Senate Bill 214 (S214) on Jan. 17. The legislation would prohibit

Titled the Second Amendment Financial Privacy Act, the proposed law would prohibit a financial institution or its agent from requiring or “assigning” a specific firearm or ammunition merchant code to any firearms business located in Mississippi.

The legislation would prohibit any West Virginia governmental entity from accessing or obtaining a record of a transaction involving a credit card that is retrieved, characterized, generated, labeled, sorted, or grouped based on the assignment of a firearms code without a warrant or a subpoena in most situations.

The conflict between gun owners and credit card companies is heating up as so-called red states move to ...

Credit card companies will track gun sales, to some degree, but this is likely to be just the beginning.