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Merchant Category Codes (MCCs) Explained: How They Control Business Spend

MCCs are the 4-digit codes behind every card control, interchange rate, and category-blocked decline. Here's how they work, and how finance teams use them to enforce spend policy.

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Jun 1, 2026
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Wall Street Journal: Dollar Tumbles Against the Yen

Wall Street Journal: Dollar Tumbles Against the Yen

"Chatter built up however of potential intervention by the Bank of Japan to support the yen." Karl Schamotta, Corpay.

Reuters: Yen spikes with intervention in focus; oil rallies on Iran fears

Reuters: Yen spikes with intervention in focus; oil rallies on Iran fears

“I’m not hearing confirmation of official buying activity ‌yet, but if it looks like an intervention duck, walks like an intervention duck, and quacks like an intervention duck, it’s probably an intervention duck,” said Karl Schamotta ​Schamotta, Corpay.

Globe and Mail: Why bond markets could hold Trump back

Globe and Mail: Why bond markets could hold Trump back

The Globe and Mail's Chris Wilson-Smith spoke with Corpay Cross-Border Solutions chief market strategist Karl Schamotta about why the market for U.S. debt might be the ultimate arbiter of Trump’s next steps.

CNN: US stocks rally as Trump strikes softer tone on Europe, backs off tariff threat

CNN: US stocks rally as Trump strikes softer tone on Europe, backs off tariff threat

“Much like the climbdown in last year’s trade conflict with China, today’s reversal should help stabilize the dollar and ease short-term volatility by removing a major tail risk for markets...", Karl Schamotta at Corpay Cross-Border Solutions.

Business Insider: A brutal 'Sell America' episode in stocks shows the market is starting to take Trump's Greenland threats seriously

Business Insider: A brutal 'Sell America' episode in stocks shows the market is starting to take Trump's Greenland threats seriously

"Global investors are clearly adding to the risk premium embedded in US assets, and diversification flows are picking up," Karl Schamotta, the chief market strategist at Corpay Cross-Border Solutions, wrote in a note.

Strengthening Canada’s Agricultural Sector with Smarter Currency Solutions

Strengthening Canada’s Agricultural Sector with Smarter Currency Solutions

Cheryl Girling, Senior Director, Enterprise Solutions at Corpay Cross-Border Solutions talks about Canada’s agricultural sector and how it stands at a pivotal moment.

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