(ALERT) Do Credit Card Companies Track Gun Purchases?

Published on September 12, 2022
Duration: 7:30

This video discusses the implementation of a new Merchant Category Code (MCC) for gun stores, driven by Amalgamated Bank and approved by the International Standards Organization (ISO). This code will allow credit card companies to track purchases of firearms, ammunition, and related items, potentially leading to increased scrutiny and pressure on gun owners and sellers. The speaker expresses concern that this could be a precursor to further restrictions on firearm ownership and a violation of financial privacy.

Quick Summary

A new Merchant Category Code (MCC) now allows credit card companies to track gun purchases. Approved by the ISO and proposed by Amalgamated Bank, this code enables Visa and Mastercard to tag transactions at gun stores, raising concerns about financial surveillance and potential impacts on Second Amendment rights.

Chapters

  1. 00:00Introduction: Gun Grabbers and Credit Card Tracking
  2. 00:16Gun Giveaway Announcement
  3. 00:30Existing Credit Card Codes Explained
  4. 00:40The Breakthrough Decision: New Gun Code
  5. 00:50Amalgamated Bank's Role
  6. 01:13Merchant Category Code for Gun Stores
  7. 01:25ISO Vote and Confirmation
  8. 01:38Stated Purpose: Reducing Mass Shootings
  9. 01:48Uvalde Shooter Example
  10. 01:57Tracking Suspicious Buying Patterns
  11. 02:08How Transactions Will Be Tagged
  12. 02:24How This Could Be Used Against Gun Owners
  13. 02:40Comparison to Lottery Ticket Purchases
  14. 02:53Banking Industry Control
  15. 03:03Amalgamated Bank and ISO Interaction
  16. 03:11Algorithm Creation and Obligation
  17. 03:25Reporting to Fencing
  18. 03:30Banking Industry Gathers Information
  19. 03:42Attaching a Code to Gun Store Purchases
  20. 03:50Flagging Authorities
  21. 04:07Potential Consequences for Gun Owners
  22. 04:17Fourth Amendment Concerns
  23. 04:23Banking Industry Decides Information Flow
  24. 04:34Controlling Business Relationships
  25. 04:42Convenience of Card Usage
  26. 04:54Flip of a Switch: Card Shutdown
  27. 05:01Excessive Gun Store Purchases
  28. 05:08Card Shutdown and Authority Contact
  29. 05:15Banking Industry and Anti-Gun Groups
  30. 05:26This is Flatly Wrong
  31. 05:40Reaching Out to Elected Representatives
  32. 05:49Chipping Away at Second Amendment Rights
  33. 05:53Chilling Effect on Gun Buyers and Sellers
  34. 06:06Politicians and Banking Industry Hurdles
  35. 06:16Making it Difficult to Buy Guns
  36. 06:23Fighting Back by Knowing
  37. 06:35First Banking, Then Card Lock, Then Cops
  38. 06:52More Information Gathering
  39. 06:55Big Tech and Banking Industry Surveillance
  40. 07:06Fight Back Against This Stuff
  41. 07:10Pay Attention and Reach Out
  42. 07:14Related Video: Pulled Over While Carrying Concealed

Frequently Asked Questions

Will credit card companies now track my gun purchases?

Yes, a new Merchant Category Code (MCC) has been approved for gun stores. This code allows credit card companies like Visa and Mastercard to identify and tag transactions made for firearms, ammunition, and related items, enabling tracking of these purchases.

Why are credit card companies implementing a code for gun purchases?

The stated reason is to help reduce mass shootings by identifying suspicious buying patterns. Amalgamated Bank proposed the code, and the International Standards Organization (ISO) approved it, with Visa and Mastercard agreeing to implement it.

What are the potential risks of this new gun purchase tracking code?

The code could lead to credit card companies facing pressure to stop doing business with gun sellers, limiting purchase options. It also raises concerns about financial surveillance, potential Fourth Amendment violations, and a chilling effect on legal firearm ownership.

What can gun owners do about this new credit card tracking?

Gun owners are encouraged to pay attention to these developments and reach out to their elected representatives. Voicing concerns about financial privacy and the potential impact on Second Amendment rights is advised.

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