The time has come for them to do so,” Lander said recently, before Visa and others had adopted the move. “Unfortunately, the credit card companies have failed to support this simple, practical, potentially lifesaving tool.
The city’s comptroller, Brad Lander, said it made moral and financial sense as a tool to push back against gun violence. It’s just common sense that we have the same policies in place for gun and ammunition stores,” said New York City Mayor Eric Adams, a former police captain who blames the proliferation of guns for his city’s deadly violence.
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“When you buy an airline ticket or pay for your groceries, your credit card company has a special code for those retailers. “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. Until Friday, gun store sales were considered “general merchandise.” Visa said it would adopt the International Organization for Standardization’s new merchant code for gun sales, which was announced on Friday. It joins Mastercard and American Express, which also said they plan to move forward with categorizing gun shop sales. 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.īut the decision by Visa, the world’s largest payment processor, will likely provoke the ire of gun rights advocates and gun lobbyists, who have argued that categorizing gun sales would unfairly flag an industry when most sales do not lead to mass shootings. NEW YORK (AP) - Payment processor Visa Inc.
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