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 ...

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 ...

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 ...

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.

Shareholders pushing for credit card companies to help track gun and ammunition purchases scored a victory Friday with the International Organization for Standardization's approval of a new merchant ...

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 ...