Definitions for "Merchant Category Code"
Codes assigned by the Bank to suppliers that indicate their type of business. Each La Carte card is encoded with the types of MCC's that a cardholder is authorized to purchase from. Attempts to purchase at either prohibited or restricted suppliers will be denied.
A code assigned by an Acquirer to identify a merchant's type or mode of business and the merchandise sold.
(MCC). A four-digit merchant category code. It identifies the merchant by type of authorization, processing and settlement.