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The Merchant Category Code (MCC) 7523 is specifically designated for **Automobile Parking Lots and Garages**. This code categorizes businesses that provide parking services for vehicles, including both public and private lots. By using MCC 7523, payment processors can accurately classify and process transactions related to parking services, ensuring proper accounting and compliance. This code is crucial for merchants in the parking industry, as it helps in risk management, fraud prevention, and taxation purposes, providing a clear identifier for customers and payment processors alike.