Credit Card Companies Come Up With Code to Identify Gun Stores

 Those nasty guns!!  It's not the nasty people who are killing and maiming everyone...no!  It's those crazy guns that just jump up out of nowhere and shoot everyone dead!  Only crazy people actually want to own guns!  They should be illegal!  No one needs a gun except some of the police and someone in the military.  We need to make gun owners pay for their perverse desire to own guns.  We need a way to identify who those gun owners are.  Let's come up with a way to mark anyone who buys something at a gun store!  Then we will be one step closer to identifying WHO all these crazy gun owners are!

Do you think I'm kidding or going a little too far in my hyperbole??

Visa Inc., Mastercard Inc. and American Express Co. will take steps to implement a new merchant code that could improve tracking of firearm purchases. 

The moves by the largest US credit-card companies come a day after the International Organization for Standardization approved a new merchant category code for gun and ammunition stores to use when processing transactions. The approval follows a campaign by Amalgamated Bank, New York city and state officials, and the California’s teachers’ pension fund for the new code. 

“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 company said in an emailed statement Saturday. 

Meanwhile, Mastercard said in a statement it will focus on how the new system will be implemented by merchants and their banks “as we continue to support lawful purchases on our network while protecting the privacy and decisions of individual cardholders.” 

A merchant category code is a four-digit number used by credit-card companies to classify businesses. It typically indicates the types of services or goods being sold to consumers. The new code will apply to all purchases at gun and ammunition stores, though firearm purchases at other types of retailers won’t be captured separately.   

After the approval of the code Friday, New York City Comptroller Brad Lander said the move would help financial institutions flag suspicious activity at these merchants and help save lives. 

It remains to be seen how the new code will be implemented by credit card firms, the banks that issue cards to consumers, as well as other third-party payment processors.

“We are focused on ensuring that we have the right controls in place to meet our regulatory and fiduciary responsibilities, as well as prevent illegal activity​ on our network,” American Express said in a statement. 

Here;  Credit Card Companies to Start Implementing New Code to Track Gun Purchases - Bloomberg

Some Wall Street insiders will tell you that we are literally months away from America coming up with a new CBDC (Central Bank Digital Currency).  So if 90% of our purchases are done on credit cards and the the other 10% done with digital currency, this means that every single purchase you make will have a footprint on it that the FBI or police could get ahold of anytime they see fit.

You can see clearly now that for the first time in human history we have the technology, desire and excuse to put in place a system where some type of mark will be required by ANYONE who wants to access the financial system.  It will be argued that only drug cartels, human traffickers, sex trade and gun buyers still want to have a cash system.  Also remember that cash spreads COVIDs and monkey pox so simply isn't safe to use anymore.  

You can soon expect some leftist to post a question like this on Social Media, "How would you feel if you gave your granddaughter a $20 bill in a birthday card and the money had COVIDs on it and she died??"

"Before a standing army can rule, the people must be disarmed, as they are in almost every country in Europe. The supreme power in America cannot enforce unjust laws by the sword; because the whole body of the people are armed, and constitute a force superior to any band of regular troops."

- Noah Webster, An Examination of the Leading Principles of the Federal Constitution, October 10, 1787