New Jersey A2117 mandates merchant acquirers to use specific merchant category codes for firearms and ammunition businesses.
New Jersey A2117 requires merchant acquirers to assign the merchant category code for firearms and ammunition businesses, established by the International Organization for Standardization, to firearms merchants starting May 1, 2027. The bill defines "firearms merchant" as a business primarily selling firearms, firearm accessories, or ammunition in New Jersey. "Merchant acquirer" refers to entities processing credit, debit, or prepaid transactions for merchants.
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