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. MCCs affect the interchange rates and ...

Most businesses that accept credit cards are assigned a merchant code, sometimes called a merchant category code. It’s a four-digit number that tells the credit card processing companies a little bit ...

Visa, MasterCard and American Express said they will implement a new merchant category code for gun retailers. The International Organization for Standardization approved the code last week. The ...

Gun control advocates are cheering a new change in the credit card industry that they say could help prevent gun violence. This week, credit card companies Visa, Mastercard and American Express all ...

Time and time again, we as members of Congress grapple with the unanswered question of mass shootings: How do we save lives? One answer is simple. Let’s require merchant codes that show when a gun is ...

Major credit card companies are moving to make a merchant code available for firearm and ammunition retailers in order to comply with a new California law that will allow banks to potentially track ...