How banks unwittingly finance mass shootings

Source: Andrew Ross Sorkin, N.Y.Times (Paid Registration)

The New York Times reviewed hundreds of documents including police reports, bank records and investigator notes from a decade of mass shootings. Many of the killers built their stockpiles of high-powered weapons with the convenience of credit. No one was watching.

Two days before Omar Mateen killed 49 people and wounded 53 more at the Pulse nightclub in Orlando, he went on Google and typed “Credit card unusual spending.”  Mr. Mateen had opened six new credit card accounts — including a Mastercard, an American Express card and three Visa cards — over the previous eight months.

Our role in commerce is to efficiently process, protect and settle all legal payments. Asking Visa or other payment networks to arbitrate what legal goods can be purchased sets a dangerous precedent,” said Amanda Pires, a Visa spokeswoman.

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