Visa Inc. has caved to gun control activists and will now flag purchases made for guns and ammo sales. They will now separately categorize sales that happen at gun shops.
Just months ago, Robert B. Thomson III, a senior vice president of Visa, said the company believes "asking payment networks to serve as a moral authority by deciding which legal goods can or cannot be purchased sets a dangerous precedent."
Then over the weekend something completely changed. Visa agreed to adopt a new set of standards put forth by the International Organization for Standardization (ISO), which created a special merchant category code for gun stores to use.
“Following ISO’s decision to establish a new merchant category code, Visa will proceed with next steps, while ensuring we protect all legal commerce on the Visa network in accordance with our long-standing rules,” Visa said in a statement released Saturday.
So what changed? Glenn Beck points out that this was not started by credit card companies or banks. Glenn read a letter written by Sen. Warren and Representative Madeleine Dean (D-Pa.) that openly admitted that re-categorizing the purchase of guns and ammo would be "the first step towards facilitating the collection of valuable financial data that could help law enforcement in countering the financing of terrorism efforts.”
Check it out:
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