Approach to standardize merchant names -Tagging

Experts,

I'm in the process of the standardizing our transaction type and bucket them in a correct category.

For example we have companies like below. The biggest challenge is tagging and putting them in appropriate bucket. There are lot of variations with transaction types. What machine learning model can we use here to tackle this monstrous tagging work. Are there any sample model that is built to address such use cases. any reference to it is greatly apprenticed.