A credit card categorization code that could improve the tracking of gun sales was approved by an international panel that sets standards for the payments industry, according to New York City Comptroller Brad Lander and Amalgamated Bank.
The International Organization for Standardization, based in Geneva, Switzerland, approved the bank’s application for a merchant category code for gun and ammunition stores to use when processing transactions, according to news releases from both Amalgamated and Lander. A merchant category code is a four-digit number used by credit card companies to classify businesses. It typically indicates the types of services or goods being sold to consumers.
The decision by the group came after a pressure campaign from Amalgamated, New York city and state officials, and California’s teachers’ pension fund. City pensions for teachers, civil servants and school administrators last week filed shareholder proposals with Mastercard Inc. and American Express Co. urging the credit-card companies to create the new code.
California’s Teachers’ Retirement System sent similar letters to Mastercard, American Express and Visa Inc.
Creating the new code would be a key step to enable financial institutions to flag unusually large purchases at stores over a short period of time or multiple purchases at different retailers, Lander said. In his role, he serves as investment adviser to New York City’s $250 billion pension funds.
Welcome to the Enslaved World where Everything You do is TRACKED !!!!
Soon Cash will be Banned since they can’t Track That !!!
Communism Coming SOON to America !!!!
You were Micro-chipped when you got those Covid Vaccines !!!! GOTCHA
Only Reason Govt let You have a Phone or Computer was to TRACK You !!!!!
And control You !!!!
Allowing international standards to control how business is done in the US!
Welcome to the New World Order!
So are you ashamed of yourself and your weapons purchases and don’t want to be tracked? How would you feel if gay pedophile porn purchases can also be tracked? Even with cash. If you got the “clot shot” (“death jab”) is it possible that you’re filled with nanobots that track it all?
All it is a monitering system so they know who has guns and if they are licensed to have them or not, but the criminals don’t count they are of no concern–just do the crime and don’t do the time.