Visa, Mastercard & Discover suspended their work on a code that would track gun purchases. The payment processors had previously committed to implementing the code aimed at helping to curb gun violence, but have grown increasingly skeptical over the idea.
The payment processors had previously committed to implementing the code, suggested by the International Organization for Standardization, which was aimed at helping to curb gun violence. The three decided to suspend the project this week, according to Bloomberg, after previously expressing growing skepticism over the idea.“There are bills advancing in several states related to the use of this new code.
Discover gave its reason for abandoning the code as “to continue alignment and interoperability with the industry.” Aside from being criticized by 2nd Amendment activists, the payment networks expressed concern over the fact that a distinction couldn't be made between the purchase of different types of weapons, such as pistols or assault rifles. Republican lawmakers threatened to sue the credit card companies, with some introducing legislation aimed at banning the practice in Florida and Mississippi.
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