Page 7 - Merchant Category Code News Today

Montana Gov. Greg Gianforte signed legislation to protect the financial privacy of purchases with credit cards at firearm retailers.

The law simply states that “a financial institution may not require a firearms retailer in this state to use a firearms code that is different from that of a general transaction.”

Titled the Second Amendment Financial Privacy Act, the legislation would prohibit a financial institution operating in Texas from requiring or assigning a firearms code, which is defined as “any merchant category code approved by the International Organization for Standardization for a firearms retailer, including Merchant Category Code 5723.”

Titled the Second Amendment Financial Privacy Act, the legislation would prohibit a financial institution operating in Texas from requiring or assigning a firearms code, which is defined as “any merchant category code approved by the International Organization for Standardization for a firearms retailer, including Merchant Category Code 5723.”

Titled the Second Amendment Financial Privacy Act, the law prohibits a financial institution operating in North Dakota from requiring or assigning a firearms code.

He 2nd Amendment Financial Privacy Act prohibits a payment settlement entity, merchant acquiring entity, or a third-party settlement organization from assigning a merchant category code or otherwise classifying a merchant that is a seller of firearms or ammunition separately from general merchandise retailers or sporting goods retailers.

Titled the Second Amendment Financial Privacy Act, the legislation would prohibit a financial institution operating in Texas from requiring or assigning a firearms code, which is defined as "any merchant category code approved by the International Organization for Standardization for a firearms retailer, including Merchant Category Code 5723."

Florida Commissioner of Agriculture Wilton Simpson is today applauding the Florida Legislature

The 2nd Amendment Financial Privacy Act would prohibit a payment settlement entity, merchant acquiring entity, or a third-party settlement organization from assigning a merchant category code or otherwise classifying a merchant that is a seller of firearms or ammunition separately from general merchandise retailers or sporting goods retailers.

Titled the Second Amendment Financial Privacy Act, the legislation would prohibit a financial institution operating in North Dakota from requiring or assigning a firearms code.