Overview
MCC 6529 covers remote stored value load transactions initiated by financial institutions. This includes loading prepaid cards, transit cards, and other stored value instruments through online banking and mobile banking channels.
Transaction Profile
Low to mid value, moderate to high frequency, predominantly CNP, automated loading common
Card Network Notes
Visa and Mastercard impose specific rules for stored value loading including velocity limits and AML monitoring requirements. This MCC is restricted to financial institution-initiated loads.
Risk & Compliance
Risk is medium to high. Remote loading of stored value carries money laundering and fraud risk. Networks require financial institutions to apply KYC and AML controls to loading transactions. Transaction velocity monitoring is essential.