MCC Classification

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Instantly classify merchants with AI-powered MCC assignment from 500+ category options. Automatically analyzes business operations and revenue streams to provide accurate merchant categorization for payment processing compliance.

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

Accelerate merchant onboarding with advanced AI-powered MCC classification. Our system automatically analyzes business websites, operations, and revenue data to assign accurate Merchant Category Codes from over 500 options instantly. Perfect for payment processors, acquiring banks, and e-commerce platforms requiring fast, accurate merchant categorization. Reduce manual classification time by 95% while achieving 99.7% accuracy and ensuring payment network compliance.
FEATURES

Instant MCC classification from 500+ category options with AI-powered business analysis

Intelligent analysis of multi-revenue stream businesses and complex business models

Automated compliance verification against payment network requirements with detailed justification

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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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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.

Choose and customize your AI agents

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 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 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.

How does Parcha handle businesses without websites?

Parcha searches alternative sources including social media profiles, business directory listings, public records, and regulatory filings to build comprehensive profiles even for businesses without traditional websites.

Can I customize Parcha verification criteria?

Yes, Parcha agents can be customized with your specific risk thresholds, data sources, and verification requirements. We work with you to configure agents that match your compliance policies and risk appetite.