SACRAMENTO, Calif. – A pair of new public safety laws authored by Assemblymember Phil Ting are set to take effect starting on Jul. 1. AB 1587 requires financial institutions to create a Merchant Category Code to identify purchases of firearms and ammunition. Retailers have until May of 2025 to integrate the code into their systems. In January of this year, executives from Mastercard, Visa, and American Express each indicated to members of Congress they would have the code available to retailers in California by that deadline. Merchant Category Codes (MCC) are four-digit numerical codes used to broadly categorize purchased products or services. Almost all charged transactions
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