Merchant Category Code (MCC) definition

Merchant Category Code (MCC) means a standard code that the credit card industry uses to categorize merchants based on the type of goods or services provided by the merchant. A merchant is assigned an MCC by the acquiring bank.
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Merchant Category Code (MCC) means a standard identifier used by the credit card industry to designate businesses based on the type of products provided, and assigned by the acquiring bank.
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Merchant Category Code (MCC) means field-specific codes determined by the International Card Organisations from time to time.
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Examples of Merchant Category Code (MCC) in a sentence

  • A Merchant Category Code (MCC) is a four digit number assigned to a merchant/business by the merchant’s acquiring bank.

  • The assignment of Merchant Category Code (MCC) and Merchant Identity Description (MID) for each merchant is performed by the respective merchant’s acquiring bank and it is the responsibility of the particular acquiring bank to assign the correct MCC and MID.

  • If a purchase is declined due to Merchant Category Code (MCC) exclusion, and you have reason to believe that the MCC is valid, contact the Program Administrator to discuss.

  • Merchant may not accept Card payments for products and/or services delivered to Cardholder that are not directly applicable to the Merchant Category Code (MCC) entered on the Merchant Application, for which Merchant was approved.

  • There is a Merchant Category Code (MCC) restriction built into the program by the State Comptroller’s Office that specifically restricts certain types of purchases.

  • Each merchant (vendor) is assigned a Merchant Category Code (MCC).

  • All vendors accepting VISA cards are registered with their bank under a specific Merchant Category Code (MCC) identifying the type of business they are (e.g., Airlines, music stores, medical services, florist, ABC stores, restaurants, office supplies, etc.).

  • Cardholder is requested to validate Merchant Category Code (MCC) from the merchant before making swipe on his card.

  • Appropriate spending limits and Merchant Category Code (MCC) access are tailored to each CH account.

  • Merchant Category Code (MCC) – Standard code the credit card industry uses to categorize merchants based on the type of goods or services provided by the merchant.


More Definitions of Merchant Category Code (MCC)

Merchant Category Code (MCC) is a four-digit number that is used to classify Merchants and businesses by the type of goods or services they provide; “Merchant Choice Routing (MCR)” also known as ’least cost routing’, directs contactless Multi-Network Debit Card transactions through the eftpos Network which may attract lower merchant service fees.
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Merchant Category Code (MCC) means the code defined to specific merchant activity at the acquiring bank system - “Daily spends” are the selected Merchant list (MCCs) to qualify for cashback
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Merchant Category Code (MCC) means a standard code that the credit card industry
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Related to Merchant Category Code (MCC)

  • Product Category means the applicable category which best describes the product as listed in this Section 94508.

  • eligible Categories means Categories (1), (2) and (3) set forth in the table in paragraph 1 of Schedule 1 to this Agreement;

  • Category A means the relevant information which shall be included in the base prospectus. This information cannot be left in blank for later insertion in the final terms;

  • Category 3 means an issue that is minor in nature, a clarification, a comment concerning a conflict between documents or within a document, etc.

  • Category 4 Data is data that is confidential and requires special handling due to statutes or regulations that require especially strict protection of the data and from which especially serious consequences may arise in the event of any compromise of such data. Data classified as Category 4 includes but is not limited to data protected by: the Health Insurance Portability and Accountability Act (HIPAA), Pub. L. 104-191 as amended by the Health Information Technology for Economic and Clinical Health Act of 2009 (HITECH), 45 CFR Parts 160 and 164; the Family Educational Rights and Privacy Act (FERPA), 20 U.S.C. §1232g; 34 CFR Part 99; Internal Revenue Service Publication 1075 (xxxxx://xxx.xxx.xxx/pub/irs-pdf/p1075.pdf); Substance Abuse and Mental Health Services Administration regulations on Confidentiality of Alcohol and Drug Abuse Patient Records, 42 CFR Part 2; and/or Criminal Justice Information Services, 28 CFR Part 20.

  • Category B means that the base prospectus shall include all the general principles related to the information required, and only the details which are unknown at the time of the approval of the base prospectus can be left in blank for later insertion in the final terms;

  • Special Category Data means any personal data revealing racial or ethnic origin, political opinions, religious or philosophical beliefs, or trade union membership, and the processing of genetic data, biometric data for the purpose of uniquely identifying a natural person, data concerning health or data concerning a natural person's sex life or sexual orientation.

  • Category 2 Training: This category includes services related to training state employees to understand and apply Agile concepts and tools.

  • Category 1 means medical education activities that have been designated as Category 1 by the Accreditation Council for Continuing Medical Education (ACCME), the American Osteopathic Association (AOA), a state medical society, or an equivalent organization.

  • Price Category means the price category and associated eligibility criteria referred to in Schedule 7 that determine the Price(s) that apply to an ICP;

  • Eligible customer-generator means a customer-generator whose net energy metering system for renewable resources, cogeneration, fuel cells, and microturbines meets all applicable safety and performance standards.

  • Attack directed against any civilian population means a course of conduct involving the multiple commission of acts referred to in paragraph 1 against any civilian population, pursuant to or in furtherance of a State or organizational policy to commit such attack;

  • Customer-generator means a user of a net metering system.

  • Meet-Point Billing (MPB) refers to the billing associated with interconnection of facilities between two or more LECs for the routing of traffic to and from an IXC with which one of the LECs does not have a direct connection. In a multi-bill environment, each Party bills the appropriate tariffed rate for its portion of a jointly provided Switched Exchange Access Service.

  • Mail order pharmacy means a pharmacy licensed by this