He predicts the House will pass the measure if it comes up for a vote. âNine-tenths of these guys know the Russians interfered in our election,â he said. âThe question is will the White House pressure the House Republican leadership not to bring this bill to a vote.â
Merchant Category Codes. MasterCard, Visa, and online debit card networks (card types 013-018, 021-027, and 029-. 030) use a 4-digit numeric merchant category code (MCC) to identify the type of business. conducted by a merchant. Merchant category codes are used when a new merchant account is added to the System. They are also used in warning bulletins, authorizations, chargebacks, settlement, and in certain. types of transactions classified as âquasi-cashâ transactions by Visa. Merchant category groups (MCGs) are used with the Commercial Market Analysis product and. are general categories under which merchant category codes fall.
A merchant that charges a Convenience Fee must ensure that the fee is: o Charged for a bona fide convenience in the form of an alternative payment channel outside the merchant's customary payment channels o Disclosed to the Cardholder as a charge for the alternative payment channel convenience. merchant may register for the MC program without registering for the Visa Utility a Effective July 1, 2006 through March 31, 2008, MasterCard is undertaking a convenience fee pilot for a select number of pre-certified government and education entities or their third party agents.