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22 Aug 2022

Civil society calls on credit card companies to support reform efforts to track suspicious firearms and ammunitions purchases

"Why Are Credit Card Companies Empowering Mass Shooters?"

Between 2007 and 2020, the killers in at least five major mass shootings used credit cards to finance their deadly rampages.

... But Visa, MasterCard, and American Express are blocking an effort to track suspicious firearm and ammunition purchases and preventing law enforcement from identifying and stopping gun crimes.

... Banks can and must flag such suspicious activity in the same way that they report known patterns of identity theft, fraud, or human trafficking to law enforcement officials.

... to do so, the nation’s nearly 9,000 stand-alone gun and ammunition stores must be categorized under a new and unique Merchant Category Code within the financial system.

... Guns Down America is working closely with Amalgamated Bank and Giffords to establish the necessary Merchant Category Code.