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.

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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 ...

Code offers "significant" new tool for identifying shooters, one advocate said. A gunman in Aurora, Colorado, who killed 12 people in a mass shooting at a movie theater, in 2012, legally acquired ...

It will soon be easier for financial institutions to flag suspicious purchases at gun and ammunition stores. An international standards body has voted to approve a measure that will allow credit card ...

Visa Inc., MasterCard Inc., and Discover Inc., have paused their work on a plan to track when cardholders make purchases at gun stores. The payment processing companies said Thursday they have ...

Visa and Mastercard have decided to pause implementing a plan that activists had hoped would track firearm sales and help curb gun violence. The payment giants said they would suspend their work on ...

Most businesses that accept credit cards are assigned a merchant code, sometimes called a merchant category code. It’s a four-digit number that tells the credit card processing companies a little bit ...

Government officials continue deputizing private businesses to implement restrictive policies that can't win traction through the political process or are forbidden by the Constitution. The latest ...

Amalgamated Bank and the nonprofit Guns Down America are trying a different way to use the financial system to clamp down on mass shootings. By Andrew Ross Sorkin Vivian Giang Stephen Gandel Bernhard ...