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First Data Guns Down Merchants

Discussion in 'General Gun Discussions' started by Zedicus, Jan 24, 2008.

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  1. Zedicus

    Zedicus Member

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    http://www.merchanttalk.com/2008/01/08/first-data-guns-down-merchants/

    Time to go Back to COD systems Methinks
     
  2. FieroCDSP

    FieroCDSP Member

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    I don't hear anyone in this country clamoring or protesting outside banks because they allow people to withdrawl money and it could be used for gun purchases. Any bets on whether the EU is part of this fiasco? Seriously. There is no reason any banking group, whose sole job it is to move electronic money from one place to the next, should take any political stance at all. Someone's forcing hands in the banking industry, and it's not the people of this country.
     
  3. ColinthePilot

    ColinthePilot Member

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    So, to clarify, this company processes electronic credit card transactions. They've decided to stop processing transactions that deal with non-face-to-face gun sales. And they're holding the funds from those transactions and not refunding them.

    Did I get all that right?

    If I did, its ridiculous. Is there anywhere I can find a listing of banks that this company processes credit cards for? I'll be closing any accounts I may have there.
     
  4. Zedicus

    Zedicus Member

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    You can pretty much count on the EU & UK having something to do with this BS.
     
  5. dakotasin

    dakotasin Member

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    its a good thing their doing this on the heels of the french bank's $7 billion fraud announcement... nothing like keeping faith in the banking institutions...
     
  6. everallm

    everallm Member

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    For God's sake stop being so f***ing paranoid.

    This has nothing to say with the EU, the UN, the UK, Black Helicopters, Mormons or Scientology (name but a few of the tin foil brigades favourite shibolleths).

    It is pure and simple economics, capitalism and risk based market analysis of what is worth keeping on their books in a litigous environment and a downturning economy.

    Deep breath in - Deep breath out.....Repeat after me, the market economy doesn't give a rats' arse about me or my beliefs, it chases the money.
     
  7. Ragnar Danneskjold

    Ragnar Danneskjold Member

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    And terminating the accounts and freezing commerce of goods and services that routinely transfer hundreds or thousands of dollars per item is good economics...how?
     
  8. Zedicus

    Zedicus Member

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    +1
     
  9. Coronach

    Coronach Moderator Emeritus

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    If they perceive greater liability in The Real World (as opposed to the fantasy world we all wish existed, where everyone stood for right and people who file frivolous lawsuits were put to death via papercut) from processing the transactions than they will net from the proceeds, I can see them being willing to not do business in guns and ammo. Doesn't mean I like it, doesn't mean I'm happy, but it is an explanation that involves logic and money, as opposed to multinational conspiracy theories.

    It also doesn't necessarily mean it is correct, either.

    Mike
     
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