Merchant Category Code (MCC) 9701 classifies transactions for Visa Credential Services. These services are unique arrangements sanctioned by Visa to enhance and verify secure payment credentials.
What Is MCC 9701: Visa Credential Service (For Visa Only)
MCC 9701 covers Visa-specific credential services integral for payments security and authenticity. Merchant Category Codes (MCCs) are crucial as they help organisations categorise their transactions accurately, aiding in better financial reporting and compliance.
Businesses Included Under MCC 9701
Recognising the types of businesses that fall under MCC 9701 helps merchants streamline their operations and payment processing. This code is primarily associated with institutions that offer Visa credentialing services. These entities ensure the validation and issuance of Visa credentials, pre-eminently used for confirming transaction authenticity and data security.
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