SACRAMENTO, Calif.—Major credit card companies are moving to make a merchant code available for firearm and ammunition retailers in order to comply with a new California law that will allow banks to potentially track suspicious gun purchases and report them to law enforcement.
“Gun control activists hope the code, approved by an international organization in 2022, can be used as a tool to help identify suspect purchases and, consequently, stop gun crime, including mass shootings,” CBS news said in its analysis of the new law.
CBS added that proponents say a code for firearms merchants would allow banks and credit unions to alert law enforcement of potentially suspicious purchasing patterns in the same way they already flag other types of transactions, such as those that suggest identity theft or terrorist financing.
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