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The Merchant Category Code (MCC) 3242 is specifically assigned to Avensa, a prominent airline in the travel and entertainment industry. This code categorizes Avensa under the broader category of airlines, indicating its primary business activity as air travel services. MCC 3242 is used by payment processors and financial institutions to identify and classify transactions related to Avensa, ensuring accurate processing and reporting of financial data. This classification helps in streamlining payment operations and providing a clear understanding of the merchant's business type, facilitating efficient transaction management and compliance with industry standards.