Merchant Categorization Code

Check

Analyze and categorize merchants for accurate MCC assignment through comprehensive business analysis. Automatically evaluates business operations, revenue streams, and industry classification to ensure proper merchant categorization.

Resolve cases 10X faster with AI

Parcha AI agents complete deep research and analysis on hundreds of entities across thousands of datapoints to assess compliance risk in minutes.

Overview

Optimize merchant onboarding with advanced AI-powered merchant categorization analysis. Our system comprehensively analyzes business operations, revenue streams, and industry data to ensure accurate merchant category assignment. Perfect for payment processors, acquiring banks, and e-commerce platforms requiring precise merchant classification. Improve categorization accuracy by 95% while reducing manual analysis time and ensuring payment network compliance.
FEATURES

Comprehensive business analysis for accurate merchant categorization and classification

Automated evaluation of revenue streams and business operations for MCC assignment

Industry classification verification ensuring proper merchant category designation

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GLOBAL REACH

Built for global financial instutions

Our AI Agents are integrated with multiple global data providers, operate in any language and are customizable to meet the requirements of any jurisdictions where you operate.

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90+ global watchlists
140+ business jurisdictions
200+ language translations
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United States
Argentina
Brazil
Singapore
New Zealand
United Kingdom
Chile
Spain
China
Ireland
Mexico
Germany
France
usa flag
United States
Argentina
Brazil
Singapore
New Zealand
United Kingdom
Chile
Spain
China
Ireland
Mexico
Germany
France

Parcha is enterprise-grade

Parcha is built with enterprise-grade security, privacy and compliance. We put guardrails and limitations on AI to make sure you are always in control.

SOC 2 Type 2

Parcha is SOC 2 Type 2 compliant as evaluated by a third-party security auditor

Security

Each customer gets a private instance with SSO and granular access controls.

Control

You are always in control of how AI is used to carry out each step in your compliance workflow

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Launch your own compliance AI agent in minutes.

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Connect your compliance data

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Frequently Asked Questions

How does Parcha classify MCC codes?

Parcha analyzes business websites, operations, and revenue streams to automatically assign accurate MCC codes from 500+ options. Our AI understands complex business models and provides detailed justification for code selection.

How does Parcha classify MCC codes?

Parcha conducts comprehensive business research covering registration status, operational activities, financial indicators, regulatory compliance, adverse media, ownership structures, and industry classification across global databases.

How accurate are Parcha AI agents?

Parcha AI agents consistently achieve 95-99.7% accuracy across all verification types, significantly outperforming manual processes. Our accuracy rates are validated by real customer deployments like Flutterwave, which achieved 99.7% accuracy in production.

How does Parcha integrate with existing systems?

Parcha integrates via REST API, webhooks, or file uploads. We have native integrations with major compliance platforms and can adapt to most existing workflows without requiring system changes.

How long does it take to get results?

Most verification processes complete in 2-5 minutes, compared to 20-120 minutes for manual processes. Simple checks like business profiles complete in under 30 seconds, while comprehensive due diligence takes 2-3 hours instead of 24+ hours manually.