Mastercard, Visa , Put Decision to Track , Gun Shop Purchases on Hold.
ABC reports that both Visa and Mastercard
have paused their plan to track
purchases made at gun shops.
ABC reports that both Visa and Mastercard
have paused their plan to track
purchases made at gun shops.
The decision comes as a major
win for Conservative groups and
advocates of the Second Amendment.
Meanwhile, the decision represents
a bitter defeat for gun control groups.
According to supporters of tracking gun purchases,
the decision would allow authorities to see potential
red flags prior to a potential mass shooting. .
Major pushback was received after the
announcement by Visa and Mastercard to implement
a separate merchant code for gun shop purchases. .
Major pushback was received after the
announcement by Visa and Mastercard to implement
a separate merchant code for gun shop purchases. .
ABC reports that the pushback aimed
at the payment networks primarily came
from the gun lobby, as well as GOP politicians.
Attorneys general representing 24 GOP
states threatened legal action against the
payment networks if the plan moved forward.
Visa and Mastercard came to
the correct conclusion. However,
they shouldn’t just ‘pause’ their
implementation of this plan—
they should end it definitively, Montana Attorney General Austin Knudsen, via ABC.
According to Visa, the threat of legal action was
at least partially responsible for the company
putting the implementation on hold.
According to Visa, the threat of legal action was
at least partially responsible for the company
putting the implementation on hold.
There is now significant confusion
and legal uncertainty in the payments
ecosystem, and the state actions
disrupt the intent of global standards, Visa, via statement
