Visa confirmed Mar. 9 that it is pausing implementation of a new code that will help track gun purchases.
Visa is among other companies that were working on a new merchant category code (MCC) for gun and ammunition stores.
The company, explaining the pause, said that it stemmed from how legislators in multiple states are considering legislation to prohibit or restrict the use of the code.
“There is now significant confusion and legal uncertainty in the payments ecosystem, and the state actions disrupt the intent of global standards. Accordingly, Visa is pausing implementation of the MCC,” a spokesperson told The Epoch Times via email….