Which is why the gov wants to go digital.
Any other reason they attempt to give is pure BS.
.
Posted on 02/17/2023 4:44:03 PM PST by Oldeconomybuyer
(Reuters) - Discover Financial Services, a provider of credit cards, told Reuters it will allow its network to track purchases at gun retailers come April, making it the first among its peers to move ahead with the initiative aimed at helping authorities probe gun-related crimes.
The decision came after the International Organization for Standardization (ISO), which decides on the classification of merchant categories used by payment cards, approved in September the launch of a dedicated code for gun retailers.
Proponents of the move, including gun control activists and Democratic politicians, say it will allow financial institutions to better assist authorities in investigating crimes involving gun violence in the United States.
There has been uncertainty around the implementation, with Visa Inc, Mastercard Inc and American Express Co yet to disclose a timetable for adopting the change. Although the codes will not show specific items purchased, some Republican politicians have spoken out against the move, arguing it could violate the privacy of U.S. citizens lawfully buying guns.
A representative for Geneva-based ISO said the new code, dubbed "5723 - Gun and ammunition shops" - would be available for financial institutions to use by the end of February.
"The decision to use the new merchant category code is eventually left up to the users in the industry," the ISO representative said.
(Excerpt) Read more at money.usnews.com ...
bkmk
Hey, and I recently completely stopped using Discover. Which actually is a coincidence.
Ok. Use cash.
I dumped my Discover card over 20 years ago.
I know, right? Ppl find a way, always.
Which is why the gov wants to go digital.
Any other reason they attempt to give is pure BS.
.
No bug deal!
Our communist masters know that the pathetically servile and indolent Aamerican people will just continue to roll over and spread their collective cheeks
The banking sector has become the government’s secret police.
discover is violating the privacy of its customers and helping the gov create a database of legal gun owners.
Nothing is being done to keep illegal guns from crossing the borders.
Intentional?
Does DeSantis know about this?
Because most criminals use their credit card to purchase a firearm.
What a great idea.
That 16 year old kid from the streets of Chicago that carjacks for his drugs will be caught because he buys his guns on his credit card.
We really do have brilliant people in our midst.
Except that they don’t want his name and info. He already has rap sheet and the cops know him well. He is just a smoke screen to hide the real purpose.
EXACTLY
Cash is not necessarily all that private anymore either.
Do not be surprised if the ATM records the serial numbers of the 20’s it dispenses (there’s a little magnetic stripe in the bills for just that purpose), and that banks record the serial numbers of what certain businesses deposit, so that cross matching can occur.
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