So...I knew this was proposed..now it's real! Best break out the cash, gun nutz...Uncle be watching your cc bill!
mashable.com
Gun sales will be specifically earmarked in transaction histories, Visa Inc. announced on Sept. 10. It's a decision that will (hopefully) prevent these purchases from flying under the radar of investigators and help pinpoint suspicious sales surges. The change was also adopted by credit giants MasterCard and American Express.
The decision comes after a Sept. 9 announcement by the International Standards Organization, a global body that establishes standards across the financial services industry, that gun and ammunition merchandisers would be recategorized with their own commerce codes. Previously, these sales were lumped in with "general merchandise" or "miscellaneous" sales, or categorized under "sporting good stores" in a kind of recreational gray area. Now, the four-digit code for gun and ammunition sales will explicitly state the customer's transaction.
According to Guns Down America, a national gun violence prevention organization focused on legislative advocacy and reducing gun sales, many of the nation's worst mass shooting events — like those in Aurora, San Bernardino, Orlando, and Las Vegas — involved electronic payments for weapons and ammunition. Just in 2022, there have been more than 39,000 gun-related deaths and 425 mass shootings in the United States, according to the Gun Violence Archive.
"We could identify and detect where there may be gun sales that are intended for black markets, where we see patterns of gun purchases being made in multiple gun shops. We could see the patterns of behavior that would indicate to us that there is something not right here," explained Amalgamated Bank CEO Priscilla Sims Brown to CBS News during its investigation. "We have an obligation to address crime that is being facilitated through our system."
Gun sales will be specifically marked by credit companies to help monitor purchases
Based on new international standards, it's a step in the right direction for national gun reform.
mashable.com
Gun sales will be specifically earmarked in transaction histories, Visa Inc. announced on Sept. 10. It's a decision that will (hopefully) prevent these purchases from flying under the radar of investigators and help pinpoint suspicious sales surges. The change was also adopted by credit giants MasterCard and American Express.
The decision comes after a Sept. 9 announcement by the International Standards Organization, a global body that establishes standards across the financial services industry, that gun and ammunition merchandisers would be recategorized with their own commerce codes. Previously, these sales were lumped in with "general merchandise" or "miscellaneous" sales, or categorized under "sporting good stores" in a kind of recreational gray area. Now, the four-digit code for gun and ammunition sales will explicitly state the customer's transaction.
According to Guns Down America, a national gun violence prevention organization focused on legislative advocacy and reducing gun sales, many of the nation's worst mass shooting events — like those in Aurora, San Bernardino, Orlando, and Las Vegas — involved electronic payments for weapons and ammunition. Just in 2022, there have been more than 39,000 gun-related deaths and 425 mass shootings in the United States, according to the Gun Violence Archive.
"We could identify and detect where there may be gun sales that are intended for black markets, where we see patterns of gun purchases being made in multiple gun shops. We could see the patterns of behavior that would indicate to us that there is something not right here," explained Amalgamated Bank CEO Priscilla Sims Brown to CBS News during its investigation. "We have an obligation to address crime that is being facilitated through our system."
