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Two dozen Republican attorneys general are urging Visa, MasterCard, and American Express to drop their plans to adopt a new merchant category code for gun retailers, saying the move would infringe on consumers' privacy. In a letter sent to the companies Tuesday, the attorneys general warn the credit card companies that they could face legal action if they move forward with the code adopted by the International Organization for Standardization (ISO). On Saturday, Senate Republicans sent a similar letter to the three credit card companies. The letters come after the credit card companies announced plans to start applying the new sales code to transactions made at gun stores. "A fundamental principle for Visa is protecting all legal commerce throughout our network and around the world and upholding the privacy of cardholders who choose to use Visa," Visa said in a statement last week.
New York CNN —Two dozen Republican attorneys general warned Visa, American Express and MasterCard on Tuesday not to go ahead with their plans to add a new merchant category code for gun retailers. In a letter to the CEOs of the card giants, the officials expressed serious concern that adopting a new sales code for gun stores would harm the constitutional rights of gunowners and potentially violate consumer protection and antitrust laws. Previously, gun store sales were classified under a general merchandise or sporting goods category. In other words, legal gun purchases won’t be blocked by this new merchant category code, or MCC. “We do not believe private companies should serve as moral arbiters,” Visa said in a blog post last week.
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