Credit Card Companies Working to Implement Gun Sale Code in California

Published on February 13, 2024

Visa, Mastercard, and American Express are preparing to make a new merchant code for firearm stores to comply with a California law that allows banks to track suspicious gun purchases, according to CBS News. Executives from the three payment networks individually wrote to congressional Democrats in January, stating that the code will be available to retailers in California by 2025, the network reported. “The applicable standalone merchants in California primarily engaged in the sale of firearms will be required to utilize the code,” Mastercard executive Tucker Foote stated, according to CBS News. Robert B. Thomson III, senior vice president at Visa, said there is “a tremendous amount of regulatory and legislative uncertainty” surrounding the gun merchant code but that Visa will seek to comply with California’s rules....

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