Visa, Mastercard and American Express say they will implement a new merchant category code for American gun merchants, meaning firearm store transactions are identified, according to Finextra.
The card giants made the move after the International Organisation for Standardisation (ISO) approved the creation of the new code in response to pressure from gun-control activists.
The code, which advocates argue will help track suspicious weapon purchases, will show where purchases are made but not details on what has been bought.
Banking 4.0 – „how was the experience for you”
„So many people are coming here to Bucharest, people that I see and interact on linkedin and now I get the change to meet them in person. It was like being to the Football World Cup but this was the World Cup on linkedin in payments and open banking.”
Many more interesting quotes in the video below:
