(Reuters) -An international standards body has approved creation of a merchant code for gun retailers, a representative said on Friday, following pressure from activists who say it will help track ...

A merchant category code — or an MCC — is a four-digit number used by credit card companies to classify businesses for payments, taxation and rewards purposes. MCCs affect the interchange rates and ...

US credit card giants said they will implement a new merchant category code for the nation's gun retailers, which gun control activists say will help flag potential mass shooters and gun traffickers.

(Reuters) - Republican-backed bills introduced in legislatures in several U.S. states target the use of a planned merchant code for credit card transactions at gun retailers that is intended to detect ...

Now that the International Organization for Standardization has approved a new code to identify purchases at stores that sell guns and ammunition, many groups are speaking up about threats to privacy ...

A new code identifying credit card sales of guns and ammunition has been approved by the International Standards Organization, creating a potential path for card networks to help law enforcement ...

Most businesses that accept credit cards are assigned a merchant code, sometimes called a merchant category code. It’s a four-digit number that tells the credit card processing companies a little bit ...

PALO ALTO, Calif., Feb. 27, 2025 /PRNewswire/ — KYC Systems LLC, the leading provider of Know Your Customer (KYC) automation services to the payments and banking industries, today announces the launch ...

Time and time again, we as members of Congress grapple with the unanswered question of mass shootings: How do we save lives? One answer is simple. Let’s require merchant codes that show when a gun is ...