Mastering MCCs

Описание: Attendees of this session will gain an in-depth understanding of the complexities and risks within the MCC ecosystem, guided by Theresa Kananen, a partner at AGG law firm, and Rob Johnson, Senior Director of Visa Rules Management.

By the end of the session, participants will understand:

MCC Management

What is an MCC, and why is it important?
Best practices for selecting the correct MCC
Navigating mixed lines of business
Choosing the right MCC based on product or sales method (e.g., direct marketing)
Addressing tricky MCC scenarios, such as:
Firearms: 5941 vs. 5723
Continuity programs: 5968 vs. 5499 (nutrition supplements) or 8241, 8299 (correspondence schools and other educational services)
Debt collection: 8931 (collections as part of bookkeeping/accounting) vs. 7322

Common MCC Misuses

Improper use of grocery MCCs to manipulate interchange
Clarifying MCC classifications for businesses like Costco or Sam’s Club: 5300 (Wholesale Club) vs. 5411 (Grocery)
Strategies to avoid high-risk MCCs and maintain compliance