Search results
Results From The WOW.Com Content Network
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.
A merchant category code (MCC) is a four-digit number used for retail financial services to classify a business by the types of goods or services it provides. Codes are specified by the ISO 18245 standard.
ISO 18245 is an ISO standard concerning the assignment of merchant category codes (MCC) in retail financial services. These are used to control usage of corporate credit cards. MCCs are assigned by merchant type (e.g. one for hotels, one for office supply stores, etc.), with each merchant being assigned an MCC by the bank.
The U.S. Census Bureau, Bureau of Labor Statistics, Internal Revenue Service and Social Security Administration utilize SIC codes in their reporting, although SIC codes are also used in academic and business sectors. The Bureau of Labor Statistics updates the codes every three years and uses SIC to report on work force, wages and pricing issues.
Merchant category codes are used by credit card companies to classify businesses. That four-digit number is a type of merchant category code (MCC), which credit card companies use to classify ...
The Global Industry Classification Standard (GICS) is an industry taxonomy developed in 1999 by MSCI and Standard & Poor's (S&P) for use by the global financial community. The GICS structure consists of 11 sectors, 25 industry groups, 74 industries and 163 sub-industries [1] into which S&P has categorized all major public companies.
U.S. Senator Elizabeth Warren and other Democratic lawmakers renewed calls for financial regulators to direct the use of a payment code for firearms retailers, citing conflicting new state laws on ...
Merchant type, or merchant category code 19: n 3: Acquiring institution (country code) 20: n 3: PAN extended (country code) 21: n 3: Forwarding institution (country code) 22: n 3: Point of service entry mode 23: n 3: Application PAN sequence number 24: n 3: Function code (ISO 8583:1993), or network international identifier (NII) 25: n 2: Point ...