EBizCharge

JANUARY 16, 2025

Tax reporting and compliance: MCCs aid in tax reporting and compliance with regulatory bodies like Payment Card Industry Data Security Standards (PCI DSS) and Anti-Money Laundering (AML). For example, if a credit card is suddenly used at a pawn shop after being consistently used at beauty shops, this can indicate fraud.

Credit Cards

Clearly Payments

DECEMBER 5, 2023

The past decade has been characterized by a focus on enhancing security measures, with the widespread adoption of EMV (Europay, Mastercard, Visa) chip technology. EMV chips added an extra layer of protection against counterfeit fraud, reducing reliance on traditional magnetic stripe cards.

Processors

Segpay

FEBRUARY 28, 2024

Don’t let opaque charges chip away hard-earned revenues. Dynamic merchant underwriting provides quotes matching your business needs. The list continues even further, from on-site terminal repairs to fees imposing new regulatory requirements. Master processing fee literacy and negotiate accountability.

IRS