New York has enacted a law requiring financial institutions to track gun and ammunition purchases using special merchant codes. This measure is criticized for enabling government surveillance of gun owners and potentially leading to data breaches that expose sensitive personal information. The law is viewed by some as a violation of Fourth Amendment rights and may push transactions underground.
This interview with Joe Panzani of Scorpion Services highlights the growing threat of 'privatized tyranny' in the firearms industry, particularly concerning payment processing and merchant codes. Panzani explains how credit card companies and banks can act as agents of disarmament by refusing transactions or implementing restrictive merchant codes, effectively cutting off access to firearms and related goods. He emphasizes that this is a deliberate strategy, not a legal requirement, and urges FFLs and gun owners to be aware of these evolving financial pressures.
As of January 2025, 11 states have enacted laws prohibiting credit card companies like Visa, MasterCard, and American Express from using specific merchant codes to track firearm and ammunition purchases. This legislation aims to prevent these transactions from being flagged and reported to local sheriffs, a practice that began in 2020 and saw over 7 million "red flags" issued by October 2024. The speaker advises against using these credit cards for gun and ammo purchases, recommending cash as a more private alternative.
This "What's Up Wednesday" episode covers several key firearms topics. It discusses a proposed bill in New York requiring an "Assault Weapon" license with background checks, fingerprints, and training. Sig Sauer is highlighted for a new contract and the release of their MCX Spear LT rifle. The video also addresses Visa's response to the implementation of specific merchant codes for gun shop credit card purchases. The timestamps indicate discussions on TriggrCon 2022 and the IRay Reco HD 1280 Thermal Sight.
This video from Washington Gun Law explains the implications of credit card companies tracking firearm and ammunition purchases through a new ISO merchant code. It details concerns about potential misuse of this data, the concept of 'privatization of tyranny,' and the rise of cash transactions in the firearms industry. The content is presented with an authoritative tone by William Kirk, President of Washington Gun Law, who clearly articulates complex legal and financial issues.
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