Merchant Category Code descriptions

(James East) #1

I’ve noticed Lloyds have started including the description of the Merchant Category Code (MCC) in their online statements - I’ve attached a screenshot to show an example. In this case, O2 is shown as “Telecom Services”

It’s another handy item to help identify a merchant that might not be easily recognisable otherwise. Any chance of getting these in the transaction details screen?

(Tristan Thomas) #2

We try to use these to help with the categorisation (which we’ll be working to improve too!) The MCC codes aren’t always correct though unfortunately :frowning: