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Using your company credit card the right way can show your employer that you can be trusted with it in the long run. To help you use your card responsibly, keep these tips in mind: 1. Know the ...
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]
ISO/IEC 7813. ISO/IEC 7813 is an international standard codified by the International Organization for Standardization and International Electrotechnical Commission that defines properties of financial transaction cards, such as ATM or credit cards. [ 1]
Purchasing is the procurement process a business or organization uses to acquire goods or services to accomplish its goals. Although there are several organizations that attempt to set standards in the purchasing process, processes can vary greatly between organizations.
In some cases, corporate credit cards don’t require an SSN, meaning you can get business credit cards with an EIN only. The Brex 30 Card allows applications without an SSN. Be aware, though ...
Ramp dives into credit card reconciliation and provides steps to help businesses set up efficient, accurate systems. Credit card reconciliation: How business owners can eliminate inflated costs ...
Billing descriptor. A billing descriptor refers to how a company's name appears on a credit card statement and is established when the merchant account is created. It is intended for credit card customers to identify the recipient of a payment for a specific transaction. Typically, the billing descriptor uses the business's trading name rather ...
In the credit card business, that's exactly what happened when the Credit Card Accountability, Responsibility, and Disclosure Act became effective in July 2010. Gone.