Page 6 - Merchant Category Code News Today

This is kind of homecoming for Kenneth Andrade, who was head of investments at IDFC Mutual Fund for 10 years during 2005 to 2015.

Businesses are categorised by a unique number called the Merchant Category Code. This determines what rewards you get, or not. When a wrong MCC is configured in the banking system, it could land you in trouble, besides depriving you of your rewards.

Today a Texas law goes into effect that prohibits financial institutions operating in the state from requiring a credit card merchant code to track the purchases of firearms and ammunition.

Online gaming operators in Ukraine to pay more taxes on revenue after reportedly cheating the government out of money.

On Tuesday, a North Dakota law prohibiting financial institutions operating in the state from requiring a credit card merchant code to track the purchases of firearms and ammunition goes into effect.

Here are few changes that will come into effect in August that you should watch out for.

The movement to destroy the Second Amendment is slow, methodical, and unrelenting. It covers everything from the news media to Hollywood, academia to the medical community, government branches and age...

Starting from August 12, 2023 the private sector bank has reduced cashback and reward points on Flipkart Axis Bank credit cards. Here is all you need to know about the changes on the Flipkart Axis Bank credit card.

The 2nd Amendment Financial Privacy Act prohibits a payment settlement entity, merchant acquiring entity, or a third-party settlement organization from assigning a merchant category code or otherwise classifying a merchant that is a seller of firearms or ammunition separately from general merchandise retailers or sporting goods retailers.

The new law prohibits any West Virginia governmental entity from accessing or obtaining a record of a transaction involving a credit card that is retrieved, characterized, generated, labeled, sorted, or grouped based on the assignment of a firearms code without a warrant or a subpoena in most situations.