Credit Card Industry Blocks Bid To Track Gun Sales

CBS News reports:

The credit card industry has blocked a novel effort to track suspect firearm and ammunition purchases, depriving law enforcement of a potential tool to identify and stop gun crime.

Documents obtained by CBS News show employees from domestic and international credit card companies, including Visa, Mastercard and American Express, pushed back on an application to create a merchant category code for firearm and ammunition sellers.

The application was first submitted in July 2021 by the New York-based Amalgamated Bank, and was twice denied by the International Standards Organization (ISO), which sets standards across the financial services industry.

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