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.

A merchant category code — or an MCC — is a four-digit number used by credit card companies to classify businesses for payments, taxation and rewards purposes. MCCs affect the interchange rates and ...

Visa, MasterCard and American Express said they will implement a new merchant category code for gun retailers. The International Organization for Standardization approved the code last week. The ...

A new code identifying credit card sales of guns and ammunition has been approved by the International Standards Organization, creating a potential path for card networks to help law enforcement ...

Credit card promos in Singapore have gotten so fussy in the past couple of years. It’s not enough to spend on “dining” or “online shopping” anymore. What matters is how the merchant is coded behind ...

Most businesses that accept credit cards are assigned a merchant code, sometimes called a merchant category code. It’s a four-digit number that tells the credit card processing companies a little bit ...

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 ...