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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.
Merchant code range. Business type. 0001–1499. Agricultural services. 1500–2999. Contracted services. 4000–4799. Transportation services. 4800–4999. Utility ...
ISO 18245. 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.
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, 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 ...
11 of the 14 public universities top the state's enrollment statistics. The remaining three public institutions— Shawnee State University, Central State University and Northeast Ohio Medical University —are relatively small. Case Western Reserve University is the state's largest private university by enrollment, followed by the University ...
In March, the payments companies Visa, Mastercard, American Express and Discover Financial said they would delay the rollout of a "merchant category code," or MCC, meant to help detect suspicious ...
Authorization hold. Authorization hold (also card authorization, preauthorization, or preauth) is a service offered by credit and debit card providers whereby the provider puts a hold of the amount approved by the cardholder, reducing the balance of available funds until the merchant clears the transaction (also called settlement ), after the ...