Ad
related to: merchant category codes mcc
Search results
Results From The WOW.Com Content Network
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.
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.
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.
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 ...
This is likely because Twitch registered with Visa using a Merchant Category Code (MCC) like 4899 for “Pay Television,” which someone down the line mistook for a cable bill. Amount : The ...
The organization can implement a variety of controls for each P-Card; for example, a single-purchase dollar limit, a monthly limit, merchant category code (MCC) restrictions and so on. In addition, a cardholder's P-Card activity should be reviewed periodically by someone independent of the cardholder.
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 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.