Visa To Start Categorizing Gun Shop Sales Separately
Newsy
Visa’s adoption is significant as the largest payment network, and will likely add pressure for Mastercard and American Express to adopt the code.
Payment processor Visa Inc. said late Saturday that it plans to start separately categorizing sales at gun shops.
It's 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. But gun rights advocates have argued that step would unfairly segregate legal gun sales when most sales do not lead to mass shootings.
Visa said it would adopt the International Organization for Standardization's new merchant code for gun sales, which was announced on Friday. Until Friday, gun store sales were considered "general merchandise."
