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Default Tick Tock

On Fri, 23 Feb 2018 16:58:37 -0800 (PST), Its Me wrote:

On Friday, February 23, 2018 at 5:03:07 PM UTC-5, Mr. Luddite wrote:
On 2/23/2018 4:22 PM, Its Me wrote:
On Friday, February 23, 2018 at 1:15:29 PM UTC-5, Mr. Luddite wrote:
On 2/23/2018 12:38 PM, wrote:
On Fri, 23 Feb 2018 07:09:41 -0800 (PST), Its Me
wrote:

On Friday, February 23, 2018 at 9:32:13 AM UTC-5, Mr. Luddite wrote:
One of the reactions to the mass shootings last week comes from the
banking and financial institutions. Reports are circulating that many
are considering ending the ability to purchase firearms with credit
cards issued by them.

Looks like that movement has started. The National Bank of Omaha has
announced that they will not renew their contract to issue NRA sponsored
Visa cards.

Interesting, but I'm not sure how they could do that. It would seem to be easy enough to code firearms in such a way that the card companies wouldn't know exactly what was being purchased. And it's hard to believe it would hold up in court.

What's next? Not allowing you to buy a big gulp and a chili dog at the 7-11 with your card because they don't think it's good for you?

I agree. my receipts just say "merchandize", no matter what I buy.



That's not how it works. The store ID for the transaction is sent
electronically along with the sales data. Some have the merchandise
identified as well.

If a bank will not honor a sale from that store, the transaction will be
denied.

This article happens to be from the liberal NYTimes but similar articles
are available from other sources:

https://www.nytimes.com/2018/02/19/business/banks-gun-sales.html

One of my points is that the sales data sent doesn't have to identify the merchandise, and even if it does it can be obscured. When Rural King starts losing sales because credit card X won't approve transactions, you can bet they'll fix that in a flash. You'll be buying $479 worth of Purina.



This action is being considered by the banks that issue the credit
cards. There's no reason for them to "fix" it if they decide not to
honor firearms sales.


We're not communicating.
The fix will be done by the vendor selling the items that the banks won't honor. The vendor losing sales will change the credit card reporting so the banks won't be able to tell that the item is a firearm, and the sale will go through. Your new Ruger purchase will say "Misc pet supplies", or something similar.


The VISA paper said "...won’t do business with retailers that sell assault weapons, high-capacity
magazines and bump stocks...".

The vendor would have to hide the fact that the items were part of the inventory, not hide the sale
of each item. By checking a vendor's web site a bank could easily see what the vendor carried. Or,
the bank could have someone go into the vendor's place of business.


 
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