New Jersey S1705 prohibits credit card companies from using a new merchant category code for firearm and ammunition purchases.
New Jersey S1705 prohibits credit card companies from assigning a new merchant category code to merchants selling firearms or ammunition. The bill defines a merchant category code as a specific identification number used to identify a specific good or service provided by a merchant. The bill also 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.
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