- Source: ISO 18245
ISO 18245 is an ISO standard concerning the assignment of merchant category codes (MCC) in retail financial services.
These are used to control usage of corporate credit cards. MCCs are assigned by merchant type (e.g. one for hotels, one for office supply stores, etc.), with each merchant being assigned an MCC by the bank. Corporations can then control which MCCs their employees may use their corporate cards at, and this is enforced through the authorization system.
They are four digits in length. For example, MCC 5967 represents "Inbound
telemarketing merchants."
New MCCs can be applied for through TC68. They are generally reserved for merchant categories having at least $10 million annual revenue.
External links
ISO 18245:2003 Retail financial services -- Merchant category codes
ISO 18245:2023 Retail financial services -- Merchant category codes
Kata Kunci Pencarian:
- ISO 3166-1
- ISO 3166
- ISO 3166-2:ID
- ISO 8601
- Hanyu Pinyin
- ISO 3166-2:CV
- ISO 639-5
- ISO 50001
- ISO 1
- ISO 3166-2:US
- ISO 18245
- Merchant category code
- ISO 4217
- ISO 8601
- Registration authority
- ISO 9362
- List of ISO standards
- ISO 10962
- ISO 9000 family
- ISO 8583
