All Your Firearm and Ammo Purchases Are Now Being Tracked & Flagged!!!

Published on September 13, 2022
Duration: 9:30

Major credit card companies like Visa, Mastercard, and American Express are implementing a new ISO merchant code to track and flag firearm and ammunition sales. This initiative, driven by pressure from members of Congress and Attorneys General, aims to identify suspicious transactions potentially linked to shootings and illegal gun trafficking. However, concerns are raised about the potential chilling effect on lawful gun ownership and the ambiguity surrounding the definition of 'suspicious activity.'

Quick Summary

Visa, Mastercard, and American Express are implementing a new ISO merchant code to track and flag firearm and ammunition sales. This initiative aims to identify suspicious transactions potentially linked to shootings and illegal gun trafficking, though concerns exist about its impact on lawful gun ownership.

Chapters

  1. 00:00Credit Card Companies Tracking Firearm Sales
  2. 01:41Details of Sales Tracking by Credit Card Companies
  3. 02:27New ISO Merchant Code for Gun Sales Explained
  4. 02:51Information Tracked and Bank Adoption Pressure
  5. 03:25Impact on Credit Card Processing and Banking
  6. 04:14Congressional and AG Push for Sales Tracking
  7. 05:09Defining 'Suspicious Activity' in Gun Sales
  8. 05:57NSSF Statement on Firearm Sales Tracking
  9. 06:37Felon Gun Acquisition vs. Lawful Purchases
  10. 07:11Other Anti-Gun Efforts
  11. 08:00Credit Card Tracking as a Restriction on Freedom

Frequently Asked Questions

What is the new ISO merchant code for gun sales?

Visa, Mastercard, and American Express are adopting a new ISO merchant code specifically for firearm and ammunition sales. This code will allow these transactions to be categorized distinctly from general merchandise, enabling tracking and flagging of purchases.

Why are credit card companies tracking firearm and ammunition sales?

The initiative is driven by pressure from members of Congress and Attorneys General who aim to track suspicious sales that could indicate potential shootings and gun trafficking. The goal is to enhance public safety by identifying illicit activities.

What information will be tracked about firearm purchases?

At a minimum, the date, location, and amount of firearm and ammunition purchases made with credit cards will be recorded. This data can then be used to identify patterns that may be flagged as suspicious.

What are the concerns about tracking firearm sales?

Concerns include the potential for this tracking to 'chill' the lawful exercise of the Second Amendment rights, the ambiguity in defining 'suspicious activity,' and the possibility of banks refusing to process these transactions due to the coding.

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