Apparently there was too much heat in the kitchen. Or--just as plausible--Visa and MasterCard will do this at a later date and disguise it as best as possible.
Bloomberg, citing sources familiar with the matter, has reported that Visa and Mastercard's scheme to monitor gun and ammunition sales at retailers has been temporarily halted.
Both credit companies said they would halt the development of the new merchant code for gun retailers with the International Organization for Standardization (ISO). Gun rights advocates have said the new merchant code could be used to track gun and ammo transactions. ...
Several States have legislative moves underway which would block use of the code. And the Amalgamated Bank (entirely Union-owned), which demanded the creation of this code, doesn't really have much muscle in the financial community; it's tiny compared to Chase, Wells, BoA, et.al.
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