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Merchant code range. Business type. 0001–1499. Agricultural services. 1500–2999. Contracted services. 4000–4799. Transportation services. 4800–4999. Utility ...
Merchant category code. 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. 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 ...
The Global Industry Classification Standard ( GICS) is an industry taxonomy developed in 1999 by MSCI and Standard & Poor's (S&P) for use by the global financial community. The GICS structure consists of 11 sectors, 25 industry groups, 74 industries and 163 sub-industries [ 1] into which S&P has categorized all major public companies.
“The merchant category code is the first step in the banking system saying, `Enough! ... Stores that sell guns have previously been grouped with other retailers in merchant category codes. Some ...
ISO 8583 is an international standard for financial transaction card originated interchange messaging. It is the International Organization for Standardization standard for systems that exchange electronic transactions initiated by cardholders using payment cards . ISO 8583 defines a message format and a communication flow so that different ...