I despise these tyrants.
www.cbsnews.com
“The International Standards Organization, which sets rules across the financial services industry, agreed to create a new merchant category code for gun and ammunition retailers at a meeting this week, and announced the decision Friday. The decision came amid mounting pressure on credit card companies by Democrats in Congress who urged the code's creation.”
With a new code for firearms merchants, potentially suspicious purchasing patterns could be flagged to law enforcement — much the same way banks and credit unions made more than 1.4 million suspicious activity reports in 2021 for other types of transactions that might suggest anything from identity theft to terrorist financing.
Supporters believe the code could be a useful tool to help law enforcement identify bad actors, pointing to a number of notorious mass shootings that were financed with credit cards.
The shooter who terrorized a Colorado movie theater in 2012 charged more than $9,000 worth of guns, ammunition and tactical gear in the two months leading up to his attack, which killed 12 people and injured 70. The man who shot up the Pulse Nightclub in Orlando, killing 49 people, put more than $26,000 on credit cards on firearms and ammunition. And the shooter who killed 59 at a music festival in Las Vegas in 2017 charged almost $95,000 on dozens of guns.
Mastercard, American Express and Visa initially resisted the creation of a merchant category code for gun and ammunition retailers according to an investigation by CBS News in June. Watch that report in the video below:
New way to track suspect credit card sales of guns and ammo approved by international organization
A CBS News investigation found credit card companies initially resisted the proposal.
www.cbsnews.com
“The International Standards Organization, which sets rules across the financial services industry, agreed to create a new merchant category code for gun and ammunition retailers at a meeting this week, and announced the decision Friday. The decision came amid mounting pressure on credit card companies by Democrats in Congress who urged the code's creation.”
With a new code for firearms merchants, potentially suspicious purchasing patterns could be flagged to law enforcement — much the same way banks and credit unions made more than 1.4 million suspicious activity reports in 2021 for other types of transactions that might suggest anything from identity theft to terrorist financing.
Supporters believe the code could be a useful tool to help law enforcement identify bad actors, pointing to a number of notorious mass shootings that were financed with credit cards.
The shooter who terrorized a Colorado movie theater in 2012 charged more than $9,000 worth of guns, ammunition and tactical gear in the two months leading up to his attack, which killed 12 people and injured 70. The man who shot up the Pulse Nightclub in Orlando, killing 49 people, put more than $26,000 on credit cards on firearms and ammunition. And the shooter who killed 59 at a music festival in Las Vegas in 2017 charged almost $95,000 on dozens of guns.
Mastercard, American Express and Visa initially resisted the creation of a merchant category code for gun and ammunition retailers according to an investigation by CBS News in June. Watch that report in the video below:
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