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**Merchant Category Code 6012: Financial Institutions – Merchandise and Services**The Merchant Category Code 6012 is a four-digit identifier used by the payment processing industry to categorize businesses that engage in financial institution activities, including the sale of merchandise and services. This code is crucial for ensuring accurate transaction classification, risk management, and compliance. Merchants with an MCC of 6012, such as banks, credit unions, and other financial institutions, benefit from streamlined invoicing and reporting processes, as well as enhanced security measures to prevent fraud. Understanding and correctly assigning this MCC is essential for merchants to ensure they are accurately charged and compliant with industry standards.