Ryanhttp://www.merchanttalk.com/2008/01/08/ ... merchants/
First Data Guns Down Merchants
January 8th, 2008 • Related • Filed Under
Filed Under: Payment Processing • Rumormill
Tags: bank of america • citigroup • firstdata • illegal • nra
Effective today, First Data has just terminated all of its firearm merchants selling in non face-to-face transactions. For those of you not familiar with credit card processing, First Data is responsible for more than 60% of payment processing in the United States. They have not only terminated many of these legitimate and established merchants but they have done so while holding all outgoing funds. Several banks have followed suit with CitiGroup (NYSE C) immediately jumping on the bandwagon and Bank of America (NYSE BAC) expected to follow.
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- Wed Jan 09, 2008 5:26 pm
- Forum: General Gun, Shooting & Equipment Discussion
- Topic: CDNN sports hit by CITI Bank
- Replies: 52
- Views: 8794
Re: CDNN sports hit by CITI Bank
Looks like it will get worse. Take from ar15.com. I can not validate it 100%, but thought I'd share it anyways.