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 ...

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 Discover announced they will pause a plan to implement a new merchant category code for the nation’s gun retailers after political pressure from Republicans. The measure that was ...

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 ...

Card networks such as Visa, Mastercard, and Amex assign merchant category codes to merchants based on their business categories. Ever wondered why credit card companies give you different reward ...

Visa, the world’s largest payment processor, joins Mastercard and American Express, which also said they plan to move forward with categorizing gun shop sales. Richard Drew - AP Payment processor Visa ...

Sept. 11 (UPI) --Major credit card companies announced plans to categorize purchases at gun stores separately. Visa on Saturday announced on Saturday it would join Mastercard and American Express in ...

** When you buy products through the links on our site, we may earn a commission that supports NRA's mission to protect, preserve and defend the Second Amendment. ** As of April 1, cash might be king ...

Payment processor Visa Inc. said Saturday that it plans to start separately categorizing sales at gun shops, a major win for gun control advocates who say it will help better track suspicious surges ...

California this month became the first state to require credit card companies to create a unique four-digit code for stores selling firearms. And on the same day the law took effect in California, ...

Visa and Mastercard have decided to pause implementing a plan that activists had hoped would track firearm sales and help curb gun violence. The payment giants said they would suspend their work on ...