Banking Articles

MCC Code Merchant Category Code

Merchant Category Codes

MCC Codes Impact Taxes, Recordkeeping, Interchange Fees—even Chargeback Management

An MCC, or merchant category code, is a four-digit number that reflects a merchant’s line of business. Originally part of a program established by the IRS to streamline 1099 reporting,

Top 10 Questions to ask your payment Processor

Cross-Border Processing

Top 10 Questions to Ask Potential Payment Processors

There is a saying that goes, ‘old ways won’t open new doors.’ That statement will never be truer for a company than the day they decide to take their business international.


Blockchain Banking

Building Blocks: The ABCs of Blockchain Banking

At this point, it's safe to call "blockchain" the industry buzzword of the year.
In less than a decade, blockchain technology grew from an obscure experiment into the hottest topic in the payments industry.

2 Series BIN

Mastercard 2 Series Cards

Everything You Need to Know About Mastercard® 2-series BIN Cards

Mastercard announced plans to add an additional 2-series BIN range to their existing 5-series back in May 2015. The deadline for adoption is just around the corner,

China UnionPay

UnionPay: The Giant of the Chinese Payments Market

Will UnionPay Retain Dominance Over China’s Payments Market? And for How Long?

Since the organization’s inception in March of 2002, China's UnionPay has been the seemingly unstoppable juggernaut of the Chinese payment card market.