Reference API

Overview

A "Merchant Category Code" (MCC) is a four-digit code assigned by the major credit card networks (e.g. Visa, Mastercard, American Express and Discover) to every business that applies to accept credit cards. This code indicates the nature of the merchant's business (e.g Airlines, Veterinary Sciences, Hardware Store, etc.) They have become the standard for categorizing card purchases based on industry. This API provides methods to look up both the definitions of MCCs and popular U.S. Bank product types.

Features

• Provides complete details of Merchant Category Codes (MCC).
• Ability to look up MCC definition by code.
• Ability to find all related MCC values by searching with a key word (e.g. "Restaurant").
• Retrieve the complete list of all MCC values.
• Provides a list of U.S. Bank products.
• Contains common product abbreviations.

Workflow

Use cases

• Classify customer purchases (using MCC codes) for budgeting purposes.
• Propose opportunities for customers to save money.
• Create card controls to restrict user purchases for only approved categories (based on MCC).
• Create fraud alerts by analyzing transaction history to find abnormal spending behaviors.