Merchant Category Codes definition

Merchant Category Codes or “MCCs” means the specific Merchant Category Code, assigned by an acquiring financial institution, that identifies the primary goods or services a supplier provides.
Sample 1Sample 2Sample 3
Merchant Category Codes means the four digit Mastercard number assigned to a merchant that describes the types of goods and/or services it provides.
Sample 1Sample 2
Merchant Category Codes or “MCC” means the four digit codes assigned to a supplier by their merchant bank. The MCC identifies the type of business conducted by the supplier and are categorized into groups of commodities and services. P-cards are assigned MCC codes by the p-card administrator based on an institution’s purchasing needs.
Sample 1Sample 2Sample 3

Examples of Merchant Category Codes in a sentence

  • Cardholder Profile - The description of the cardholder’s single and monthly transaction limits, blocked Merchant Category Codes (MCCs), default G/L Account Strip, reporting hierarchy, physical address, and associated P-Card Site Admin.

  • Each campus may set restrictions by assigning a group of permitted Merchant Category Codes (MCC) to each cardholder.

  • Merchant Category Codes (MCCs) – numbers that classify businesses by what they sell or the service they provide.

  • Merchant Category Codes (MCCs) are codes assigned by a supplier’s merchant bank based on the types of goods and/or services provided.

  • These merchant types may be classified with Merchant Category Codes 4814, 5912, 5962, 5966, 5968, and 5969, and are ineligible for Sponsored Merchant status.

  • On occasion, temporary overrides of Merchant Category Codes or spending limits may be necessary.

  • The accelerated categories defined from time to time shall have the same meaning as ascribed to the categories by Visa & Master Card under their respective Merchant Category Codes.

  • You will earn three (3) Points per $1 for Net New Gasoline Purchases you make with the card, when paid for at the pump (based on Visa Merchant Category Codes 5541, 5542 and 9752).

  • The Office of State Travel will approve SOWELA participation in the program and along with SOWELA identify the allowable Merchant Category Codes (MCC) and their limits.

  • Merchant categorization to classify in each of the B.E.S.T Categories will be identified based on Merchant Category Codes (MCC) as defined by Visa International and provided in the Table 2 below.


More Definitions of Merchant Category Codes

Merchant Category Codes or “MCC” mean a four-digit number that Mastercard International Incorporated (“Mastercard”) assigns to merchants who accept credit card payments through Mastercard’s card association network. Typically, the MCC number corresponds to the type of business or service the merchant (or group of merchants in similar lines of business) provides. From time to time, Mastercard may change or amend the MCC number applicable to merchants.
Sample 1

Related to Merchant Category Codes

  • 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 category of registered operators whose tax periods are periods of two months ending on the last day of the months of January, March, May, July, September and November of the calendar year;

  • 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 the category of registered operators whose tax periods are periods of two months ending on the last day of the months of February, April, June, August, October and December of the calendar year;

  • 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.

  • Service Volume means a measure of Services for which a Performance Target is set.

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

  • Rating Category means one of the generic rating categories of any Rating Agency without regard to any refinement or gradation of such rating by a numerical modifier or otherwise.

  • Customer Proprietary Network Information (“CPNI”) is as defined in the Act.

  • Service Area means the geographic area approved by the commissioner within which an issuer is authorized to offer a Medicare Select policy.

  • Digital Signal Level 0 (DS-0 means the lowest-level signal in the time division multiplex digital hierarchy, and represents a voice-grade channel operating at either the 56 Kbps or 64 Kbps transmission bit rates. There are twenty-four (24) DS-0 channels in a DS-1.

  • Service Switching Point (SSP) is a telephone central office switch equipped with a Signaling System 7 (SS7) interface.

  • Digital Signal Level 1 (DS-1 means the 1.544 Mbps first level signal in the time division multiplex hierarchy.