Top payment networks including American Express Co , Mastercard Inc and Visa Inc said on Thursday they have paused work on implementing a new sales code for gun merchants, citing Republican pushback in various U.S. states on concerns about improper tracking of consumer behavior.
"There is now significant confusion and legal uncertainty in the payments ecosystem, and the state actions disrupt the intent of global standards. Accordingly, Visa is pausing implementation of the MCC," Visa said in a statement sent by a spokesperson.said in an emailed statement it was removing the new code from its next network update planned for April "to continue alignment and interoperability with the industry.
One hope among code supporters is that it could help banks flag cases such as when someone buys a single gun from different stores in order to avoid required forms for multiple purchases. "It's just shameful these companies would buckle to political intimidation," said Adam Skaggs, chief counsel of the Giffords Law Center, the legal arm of the gun safety organization led by former U.S. Rep. Gabby Giffords, in a telephone interview.
Montana Attorney General Austin Knudsen, one of several Republicans who welcomed the news, said in a statement on Thursday that the major credit companies "came to the correct conclusion."
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