Payment processor Visa Inc. says it plans to start separately categorizing sales at gun shops.
FILE - Visa credit cards are seen on Aug. 11, 2019, in New Orleans. Payment processor Visa Inc. said late Saturday, Sept. 10, 2022, that it plans to start separately categorizing sales at gun shops. – Payment processor Visa Inc. said Saturday that it plans to start separately categorizing sales at gun shops, a major win for gun control advocates who say it will help better track suspicious surges of gun sales that could be a prelude to a mass shooting.
“Following ISO’s decision to establish a new merchant category code, Visa will proceed with next steps, while ensuring we protect all legal commerce on the Visa network in accordance with our long-standing rules,” the payment processor said in a statement.Visa’s adoption is significant as the largest payment network, and with Mastercard and AmeEx, will likely put pressure on the banks as the card issuers to adopt the standard as well.
Merchant category codes now exist for almost every kind of purchase, including those made at supermarkets, clothing stores, coffee shops and many other retailers.“When you buy an airline ticket or pay for your groceries, your credit card company has a special code for those retailers.
Lander is a trustee of the New York City Employees’ Retirement System, Teachers’ Retirement System and Board of Education Retirement System — which together own 667,200 shares in American Express valued at approximately $92.49 million; 1.1 million shares in MasterCard valued at approximately $347.59 million; and 1.85 million shares in Visa valued at approximately $363.86 million.
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Visa, Mastercard and AmEx to Start Categorizing Gun Shop SalesPayment processor Visa Inc. says it plans to start separately categorizing sales at gun shops.
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Visa, Mastercard, AmEx to start categorizing gun shop salesPayment processor Visa Inc. says it plans to start separately categorizing sales at gun shops.
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Payment Processor Visa To Start Categorizing Sales At Gun StoresVisa’s adoption is significant as the largest payment network, and will likely add pressure for Mastercard and American Express to adopt the code as well.
Read more »
Visa, Mastercard, AmEx to start categorizing gun shop salesPayment processor Visa Inc. said late Saturday that it plans to start separately categorizing sales at gun shops.
Read more »
Visa, Mastercard, AmEx to start categorizing gun shop salesIt’s a major win for gun control advocates who say it will help better track suspicious surges of gun sales that could be a prelude to a mass shooting.
Read more »
Visa plans to separately categorize gun shop salesVisa said it would adopt the International Organization for Standardization’s new merchant code for gun sales, which was announced on Friday.
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