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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.
Thus, the Standard Industrial Classification system was born. SIC codes are four-digit numerical representations of major businesses and industries. SIC codes are assigned based on common characteristics shared in the products, services, production and delivery system of a business.
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 ...
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 ...
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.
The Independent Community Bankers of America specifically requested information about a new online gambling merchant category code. [60] Mastercard has dedicated MCC 7801 to online gambling. This code is distinct from 7800 for government owned lotteries and 7802 for government licensed horse and dog tracks. [61]