Technical Definition
A transaction in which funds are delivered or made available to a person or to an account. These transactions include non-face-to- face transactions such as those facilitated through the Internet. Any fee charged and included in the total transaction amount must be clearly disclosed to the cardholder before completing the transaction. The acquirer must include the identity and location of the money transfer agent that accepts the card and effects the transaction in the acceptor descriptor record as the site where the transaction was effected. For more information, refer to the Mastercard MoneySend and Funding Transactions Program Standards.
Cross-Industry Classification
This code is part of the ISO 18245 standard used by global payment networks. It may correspond to the following alternate classification systems:
- VISA: Cable, Satellite and Other Pay Television/Radio/Streaming Services
- MASTERCARD: Excluded
Associated Merchants
The following merchants are known to historically trigger this category for rewards calculation:
No specific merchants linked yet. AxeTip is currently indexing the global merchant database for this code.