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MCCs are assigned either by merchant type (e.g., one for hotels, one for office supply stores, etc.) or by merchant name (e.g., 3000 for United Airlines [1]) and is assigned to a merchant by a credit card company when the business first starts accepting that card as a form of payment. [2]
A merchant category code is a four-digit number used by credit card companies to classify businesses. A business MCC indicates the types of services or goods being sold to customers.
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 ...
Within the U.S. government, security clearance levels serve as a mechanism to ascertain which individuals are authorized to access sensitive or classified information. These levels often appear in employment postings for Defense related jobs and other jobs involving substantial amounts of responsibility, such as air traffic control or nuclear ...
The Payment Card Industry Data Security Standard ( PCI DSS) is an information security standard used to handle credit cards from major card brands. The standard is administered by the Payment Card Industry Security Standards Council, and its use is mandated by the card brands. It was created to better control cardholder data and reduce credit ...
The credit card companies last week said they had paused work on a new merchant category code (MCC), citing Republican pushback in various U.S. states on concerns about improper tracking of ...
Standard Industrial Classification. The Standard Industrial Classification (SIC) was a system for classifying industries by a four-digit code as a method of standardizing industry classification for statistical purposes across agencies. Established in the United States in 1937, it is used by government agencies to classify industry areas.
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 ...