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.

Visa (NYSE:V) and Mastercard (NYSE:MA) are pausing a plan to track firearm sales with a new merchant category code (MCC) as a number of bills advancing in several states related to the use of the new ...

Visa and Mastercard have decided to pause implementing a plan that activists had hoped would track firearm sales and help curb gun violence. The payments giants – along with Discover Financial ...

Add Yahoo as a preferred source to see more of our stories on Google. Merchant category codes, sometimes called MCC codes or merchant codes, classify merchants based on the products or services sold.

March 9 (Reuters) - Top payment networks including American Express Co , Mastercard Inc (MA.N), opens new tab and Visa Inc (V.N), opens new tab said on Thursday they have paused work on implementing a ...

Visa Inc.,V0.63%increase; green up pointing triangle Mastercard Inc. MA 1.18%increase; green up pointing triangle and American Express Co. AXP 1.03%increase; green up pointing triangle will add a new ...