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 ...

If you’re anything like us, you understand the value of carrying credit cards based on what you typically spend on to receive the maximum rewards. While there are “no-frills” credit cards like the ...

Visa (NYSE:V) and Mastercard (NYSE:MA) are pausing a plan to track firearm sales with a new merchant category code (MCC) as a number of bills advancing in several states related to the use of the new ...

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 ...