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 ...

PALO ALTO, Calif., Feb. 27, 2025 /PRNewswire/ — KYC Systems LLC, the leading provider of Know Your Customer (KYC) automation services to the payments and banking industries, today announces the launch ...

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 ...

WASHINGTON (WABI) - Congresswoman Chellie Pingree along with dozens of other Congressional Democrats are pushing credit card companies to explain why they paused the implementation of a new Merchant ...

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 ...