More questions about Credit Card MCCs for gun stores
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Since Visa, Mastercard, and AMEX announced they would be adopting Merchant Category Codes (MCCs) for gun shops there have been a lot of questions. One question is what is the purpose of this? Another is how is this going to work. Is the goal to have banks serve as an early warning system or is this just meant to collect more evidence after a crime is committed? Are banks going to preemptively report information to law enforcement or will law enforcement have to request information? And finally, what law governs the information exchange?
More questions about Credit Card MCCs for gun stores
More questions about Credit Card MCCs for gun…
More questions about Credit Card MCCs for gun stores
Since Visa, Mastercard, and AMEX announced they would be adopting Merchant Category Codes (MCCs) for gun shops there have been a lot of questions. One question is what is the purpose of this? Another is how is this going to work. Is the goal to have banks serve as an early warning system or is this just meant to collect more evidence after a crime is committed? Are banks going to preemptively report information to law enforcement or will law enforcement have to request information? And finally, what law governs the information exchange?