Videos tagged with Merchant Category Code
This video discusses recent legislative actions impacting firearm and ammunition sales in California and New York, alongside federal policy concerns. Larry Keane of NSSF highlights the unconstitutionality of California's new 11% excise tax on firearms and ammunition, and the ongoing issues with microstamping technology. The discussion also covers the problematic implementation of New York's ammunition background check system and federal regulatory actions by the ATF concerning the definition of 'engaged in the business' for firearm sales.
Discover Card will begin tracking firearm and ammunition purchases in April 2023 using a new Merchant Category Code (MCC). This move, followed by pledges from Visa, Mastercard, and American Express, is viewed by critics as a privacy violation. While specific items are not visible on receipts, the tracking aims to identify 'suspicious activity.' Legislative efforts in Florida and West Virginia aim to prohibit such tracking within their states, and U.S. Representative Lauren Boebert has called for a congressional review.











