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Visa raises concerns on new gun code

September 14, 2022

Visa, the biggest U.S. card network company, raised concerns Tuesday about a new merchant category code for gun-sellers even as it said it would begin working with bank card issuers to implement the new code.

Before the new code was approved last week by the International Organization for Standardization, some actors in the card and payments industry had reportedly resisted creating the new, unique code for gun-sellers. But a campaign recently by state and local officials, big pensions and gun-control advocates to create the new MCC as a means to reduce active shooter incidents in the U.S. prevailed.

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