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MERCOS
(redirected from Merchant Codes)

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AcronymDefinition
MERCOSMerchant Codes


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The system is programmed behind the scenes to allow only eligible merchant codes, set forth by MasterCard, so that cards are used only in providers' offices and hospitals.
With all options, the client organization can specify restrictions, such as certain merchant codes or dollar amounts.
e-Visa, Visa's Internet unit, estimated that some 2% of Visa's 1999 volume - or $13 billion -- was from transactions over the Internet, based on merchant codes entered into the VisaNet system, Visa's processing network.
 
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