Skip to main content Skip to main content
Advertisement

Proposed Banking Merchant Category Codes Latest Backdoor Ploy to ID Gun Owners

Banking merchant category codes would allow credit card companies to identify gun purchasers and track purchase and sale transactions. 

Proposed Banking Merchant Category Codes Latest Backdoor Ploy to ID Gun Owners

(Talaj photo / Shutterstock)

“While there are merchant codes for the hair salon and the shoe shine place and every other retailer, there’s no merchant code for gun stores,” Priscilla Sims Brown, president & CEO of Amalgamated Bank, told CNBC’s Andrew Ross Sorkin. “If we did have a merchant code for gun stores, we could detect patterns that would indicate that there had been something unusual going on.”

And the benchmark for turning in a “valued customer” is...?

“Credit card companies could detect any unusual activity, and submit a suspicious activity report with law enforcement, if needed,” the report elaborated. “This type of activity...

Continue Reading

Recommended Articles

Advertisement

Get the Newsletter. Get it all.

Subscribe today and get the latest reviews, tips, recipes and more.

Sign Me Up