Merchant category codes, sometimes called MCC codes or merchant codes, classify merchants based on the products or services sold. Credit card issuers use these codes to determine how to categorize ...

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 ...

Now that the International Organization for Standardization has approved a new code to identify purchases at stores that sell guns and ammunition, many groups are speaking up about threats to privacy ...

Separate gun bills passed by the Georgia House of Representatives Tuesday would provide a tax credit to pay for gun safety training and gun safes, while another would prohibit financial institutions ...

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.

The Florida Legislature has started hearings on Senate Bill 214, a measure that would ban flagging unusual gun purchases made with credit cards. But before I tell you why you should care about that ...

A new code identifying credit card sales of guns and ammunition has been approved by the International Standards Organization, creating a potential path for card networks to help law enforcement ...

Government officials continue deputizing private businesses to implement restrictive policies that can't win traction through the political process or are forbidden by the Constitution. The latest ...