New Jersey A1251 prohibits credit card companies from using a new merchant category code for firearm and ammunition purchases.

New Jersey A1251 prohibits credit card companies from using a new merchant category code for firearm and ammunition purchases. The bill defines "merchant category code" as a specific identification number used to identify a specific good or service provided by a merchant. It prohibits entities involved in facilitating or processing a payment card transaction from assigning a merchant category code that classifies a merchant as a firearms or ammunition retailer. Instead, such merchants must use a merchant category code for general merchandise retailers or sporting goods retailers.

New Jersey A1251 prohibits credit card companies from using a new merchant category code for firearm and ammunition purchases.

New Jersey A1251 prohibits credit card companies from using a new merchant category code for firearm and ammunition purchases. The bill defines "merchant category code" as a specific identification number used to identify a specific good or service provided by a merchant. It prohibits entities involved in facilitating or processing a payment card transaction from assigning a merchant category code that classifies a merchant as a firearms or ammunition retailer. Instead, such merchants must use a merchant category code for general merchandise retailers or sporting goods retailers.