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 ...

PALO ALTO, Calif., Feb. 27, 2025 /PRNewswire/ — KYC Systems LLC, the leading provider of Know Your Customer (KYC) automation services to the payments and banking industries, today announces the launch ...

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 ...

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 ...

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 ...

DES MOINES — Iowa House Republicans advanced a bill Tuesday to prohibit use of a planned merchant code for credit card transactions at gun retailers meant to detect suspicious firearms and ammunition ...