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 ...

Visa, Mastercard and Discover announced they will pause a plan to implement a new merchant category code for the nation’s gun retailers after political pressure from Republicans. The measure that was ...

Visa and Mastercard have decided to pause implementing a plan that activists had hoped would track firearm sales and help curb gun violence. The payment giants said they would suspend their work on ...

US credit card giants said they will implement a new merchant category code for the nation’s gun retailers, which gun control activists say will help flag potential mass shooters and gun traffickers.

March 9 (Reuters) - Top payment networks including American Express Co , Mastercard Inc (MA.N), opens new tab and Visa Inc (V.N), opens new tab said on Thursday they have paused work on implementing a ...