Page 16 - Merchant Category Code News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Many adults, so many people's lives have just been forever changed right guns. it's a clear indicator that something's not working. you've been on with me when this has happened before, and we've talked about how we're searching for solutions. and is there anything that could break the impasse? and i was so fascinated to read today that the credit card companies had a plan. i'll read it to you visa, mastercard and discover this month paused a plan to implement a new merchant category code for the nation's gun retailers. after political pressure from republicans, the measure is designed to help...

A handful of states have put a stop - at least for now - to the next phase of gun control: Tracking, monitoring and keeping lists based off of Merchant Category Codes (MCC), which were first mandated by the IRS in 2004.

The new law prohibits 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

Titled the Second Amendment Financial Privacy Act, the legislation would prohibit a financial institution or its agent from requiring the usage of a firearms code in a way that distinguishes a firearms retailer physically located in the state of Mississippi from general merchandise retailers or sporting goods retailers.

There’s no bigger proof that the Merchant Category Code (MCC) specific to firearm retailers is really a bad idea than...