ISO 18245:2023

ISO 18245:2023

February 2023
International standard Current

Retail financial services - Merchant category codes

This document defines code values used to enable the classification of merchants into specific categories based on the type of business, trade or services supplied. Values are specified only for those merchant categories that are generally expected to originate retail financial transactions.It is not within the scope of this document to mandate the use of merchant category codes in any given situation.

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Main informations

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International ISO standards

Publication date

February 2023

Number of pages

2 p.

Reference

ISO 18245:2023

ICS Codes

03.060   Finances. Banking. Monetary systems. Insurance

Print number

1
Sumary
Retail financial services - Merchant category codes

This document defines code values used to enable the classification of merchants into specific categories based on the type of business, trade or services supplied. Values are specified only for those merchant categories that are generally expected to originate retail financial transactions.

It is not within the scope of this document to mandate the use of merchant category codes in any given situation.

Replaced standards (1)
ISO 18245:2003
April 2003
International standard Cancelled
Retail financial services - Merchant category codes

ISO 18245:2003 defines code values used to enable the classification of merchants into specific categories based on the type of business, trade or services supplied. Values are specified only for those merchant categories that are generally expected to originate retail financial transactions. ISO 18245:2003 also establishes the procedures for a Registration and Maintenance Management Group (RMMG), which considers requests for new code values, and a Maintenance Agency (MA), which provides the administrative procedures required to maintain an up-to-date list of codes. It is not within the scope of ISO 18245:2003 to mandate the use of merchant category codes in any given situation.

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