Peg and other normal people mostly agree that this is a good idea.. tracking ammo and gun sales give one more opportunity to halt the killer before the deed is done.. follow this link and see the possibility of stopping the killing he did..
https://www.cbsnews.com/news/credit-card-sales-of-guns-and-ammo-merchant-codes/Credit card industry representatives have cleared the way for a new means of tracking firearm and ammunition purchases, a move that supporters say will help flag suspicious sales and reduce gun crime.
The International Standards Organization, which sets rules across the financial services industry, agreed to create a new merchant category code for gun and ammunition retailers at a meeting this week, and announced the decision Friday. The decision came amid mounting pressure on credit card companies by Democrats in Congress who urged the code's creation.
Merchant category codes are made up of four digits and are used across all sorts of industries as a means to classify retailers, while not revealing individual product purchases. Credit card companies currently lump firearm retailers in with other outlets, classifying them as either "5999: Miscellaneous retail stores" or "5941: Sporting Goods Stores."
With a new code for firearms merchants, potentially suspicious purchasing patterns could be flagged to law enforcement — much the same way banks and credit unions made more than 1.4 million suspicious activity reports in 2021 for other types of transactions that might suggest anything from identity theft to terrorist financing.
Supporters believe the code could be a useful tool to help law enforcement identify bad actors, pointing to a number of notorious mass shootings that were financed with credit cards.
The shooter who terrorized a Colorado movie theater in 2012 charged more than $9,000 worth of guns, ammunition and tactical gear in the two months leading up to his attack, which killed 12 people and injured 70. The man who shot up the Pulse Nightclub in Orlando, killing 49 people, put more than $26,000 on credit cards on firearms and ammunition. And the shooter who killed 59 at a music festival in Las Vegas in 2017 charged almost $95,000 on dozens of guns.
Mastercard, American Express and Visa initially resisted the creation of a merchant category code for gun and ammunition retailers according to an investigation by CBS News in June.
Peg and other normal people mostly agree that this... (