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The Merchant Category Code (MCC) 3550, specifically designated for "REGAL 8 INNS," is a unique identifier used in the payment processing industry to categorize businesses that operate as hotels or resorts. This code helps merchants, acquirers, and issuers to streamline transactions and reduce costs by ensuring that the merchant's name and category are accurately represented on cardholder statements. For instance, a hotel like Regal 8 Inns would be classified under this MCC, facilitating clear identification and efficient processing of transactions related to lodging services.