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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. |
Tick Tock
On Fri, 23 Feb 2018 09:32:07 -0500, "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. |
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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? |
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On 2/23/2018 10:09 AM, 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 don't know what the legalities are. |
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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. |
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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. |
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