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WebMay 26, 2024 · A merchant category code, or MCC, is a four-digit number that indicates your line of business and the types of goods or services you provide to your customers. How Are MCC Codes Used? Originally developed to simplify accounting for the year-end … EBT (Electronic Benefit Transfer) is a payment system designed to allow its … ACH payments are electronic fund transfers that allow your clients to pay you directly … The rates in the table above represent only the tip of the iceberg. In the United … WebKnowing the Merchant Category Code (MCC) is useful to help us meet the requirements of conditional cards. Citi Cash Back, for instance, gives its high 8% on groceries, and such … WebFor those of you who are unfamiliar with the term, it simply refers to the code that your payment transactions are categorized under, in order for the credit card issuer or bank to … business capability map definition