Add Yahoo as a preferred source to see more of our stories on Google. Merchant category codes, sometimes called MCC codes or merchant codes, classify merchants based on the products or services sold.

MasterCard and Visa assign a Merchant Category Code (MCC) to all businesses that accept credit cards. The MCC represents the type of goods/services that a business sells. For example, HEB, Target and ...

(Reuters) -Top payment networks including American Express Co, Mastercard Inc and Visa Inc said on Thursday they have paused work on implementing a new sales code for gun merchants, citing Republican ...

US credit card giants said they will implement a new merchant category code for the nation’s gun retailers, which gun control activists say will help flag potential mass shooters and gun traffickers.

Credit card rewards: When the wrong Merchant Category Code can be costly for cardholders Businesses are categorised by a unique number called the Merchant Category Code. This determines what rewards ...

Merchant category codes, sometimes called MCC codes or merchant codes, classify merchants based on the products or services sold. Credit card issuers use these codes to determine how to categorize ...