Lowyat.NET -> Finance, Business and Investment House -> Credit Cards, Debit Cards, Prepaid Cards and Loyalty CardsCredit Cards Maybank Islamic MasterCard Ikhwan Platinum/Gold V2, Another Fantastic 5% Cash Back Card
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 Jan 3 2016, 08:53 AM
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Senior Member
932 posts Joined: Jan 2014 From: N02 E102  
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QUOTE(David83 @ Jan 2 2016, 10:16 PM) From CIMB thread, somebody mentioned that its MCC is under grocery instead of e-commerce. There is no such thing as e commerce MCC. They are identified by another code known as Posmode. Their MCC relates what type of business they are running. |
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Jan 3 2016, 08:20 PM
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Senior Member
932 posts Joined: Jan 2014 From: N02 E102
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QUOTE(kart @ Jan 3 2016, 04:18 PM) Thanks for the information, Wongchoy. You got it all wrong. While MCC refers to the type of business the merchant are running, eg MCC5411 for a supermarket, Posmode refers to whether the transaction is processed thru swiping, chip reading, mail order, telephone order, direct debit or online.POSMODE is only applicable for online transactions, right? Is there a list of various POSMODE codes, that classify different types of online transactions? If the list does exist, it should be similar to MCC list posted by ronnie. |
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