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 ...

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.

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 ...

Visa (NYSE:V) and Mastercard (NYSE:MA) are pausing a plan to track firearm sales with a new merchant category code (MCC) as a number of bills advancing in several states related to the use of the new ...

Visa, the world’s largest payment processor, joins Mastercard and American Express, which also said they plan to move forward with categorizing gun shop sales. Richard Drew - AP Payment processor Visa ...