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MCC Classification & Portfolio Enrichment

Managing a merchant portfolio is easier when merchant reviewers can see what each business does and why its classification fits. MCC Classification & Portfolio Enrichment helps payment providers assess merchant books where incomplete details, unclear business descriptions or older codes make that understanding difficult.

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Understand the business behind every merchant classification

By analysing merchant and company information, MCC Classification & Portfolio Enrichment recommends appropriate Merchant Category Codes (MCCs). Built for batch processing, it supports initial classification, reviews of existing codes and the identification of records needing closer attention.

Your original merchant records are returned with recommended classifications and supporting enrichment. This can include reasoning, confidence and review indicators, depending on the available information and agreed output.

The solution forms part of Datanamix’s API offering and is built for batch merchant portfolio processing.

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Give merchant reviewers more context

When the reason behind a classification is unclear, merchant reviewers may need to repeat their research before deciding whether the code remains appropriate.

Datanamix assesses available company information, website content, address data and business activities together. Supporting context helps reviewers understand why an MCC was recommended and where further information may be needed, giving them a clearer basis for their next decision.

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Where MCC Classification & Portfolio Enrichment can help

Classify a new or inherited portfolio

Assess merchant records through a consistent process, including businesses that have not previously been classified.

Revisit existing MCCs

Compare recorded classifications with new recommendations to identify codes that may be outdated or inconsistent.

Assess unclear business activities

Use available merchant information to understand what a business sells or provides when its name alone offers little guidance.

Focus manual review

Use the supporting results included in your output to identify records requiring clarification or closer assessment.

How batch merchant classification works

Submit your merchant portfolio

Supply your merchant records through the agreed submission process. Identifying information can include company registration numbers, company names, websites and physical addresses.

Match and validate

Datanamix uses the supplied details to identify and match merchants and validate available company, website and address information.

Analyse and recommend

The merchant’s business information and activities are assessed to recommend an appropriate Merchant Category Code.

Add supporting information

The agreed enrichment outputs are added to explain recommendations and highlight uncertainty, warnings or exceptions where applicable.

Receive your enriched portfolio

Your original merchant information is returned alongside the recommended classifications and supporting results.

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What the output can include

Depending on the information available and the agreed scope, your output can include:

Recommended MCC and description: The proposed category for the assessed business activity.

Classification reasoning: An explanation of why the category was recommended.

Classification confidence: An indication of confidence in the proposed classification.

Matching and validation results: Findings relating to company, address and website information.

Warnings and exceptions: Issues that may need clarification or investigation.

Manual-review indicators: Records requiring closer attention.

A recommended MCC informs your organisation’s classification decision. Confidence in that recommendation does not measure the merchant’s overall risk or establish that due diligence is complete.

Designed for payment providers managing merchant portfolios

Payment service providers, payment facilitators, merchant acquirers, banks, fintechs and payment gateways can use the solution to assess merchant portfolios.

It is designed for professionals in merchant onboarding, operations, data, risk and compliance who need a consistent basis for understanding merchant records and following up on exceptions.

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Frequently asked questions

The solution goes beyond searching a list of MCC descriptions. It analyses merchant and company information, recommends an appropriate code and returns supporting portfolio enrichment according to the agreed scope.

Make your next merchant review more informed

Whether you need to classify a new portfolio, reassess existing MCCs or resolve unclear merchant records, speak to Datanamix about the data you have and the outputs your organisation needs.

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Comprehensive Product selection

Enjoy full access to a comprehensive suite of products and information that will assist you in minimise your credit risk and making more informed decisions.