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.
I have a credit card which is 0% on purchases. If I use the card to pay a monthly instalment on a personal loan how would the payment be deemed? Would it be a cash advance or a purchase? It is most likely that your transaction would be treated as a cash advance, but to get a definitive answer we would need to know the names of the card issuer and the lender. The type of payment you are considering would be revealed to your card company via what is known as the Merchant Category Code. The merchant in this instance is the loan company which would probably come through as a financial institution.