New Merchant Code Approved for Card Purchases of Guns, Ammunition

New Merchant Code Approved for Card Purchases of Guns, Ammunition

An international standards body has approved the creation of a merchant category code for gun retailers to identify credit card sales of guns and ammunition. The International Organization for Standardization (ISO)—a non-governmental body based in Geneva, Switzerland that creates standards across various industries, including the financial services industry—has approved the new merchant category code for gun and ammunition [……
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