Terminated Merchant File
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A Terminated Merchant File is a tool used by credit card processing companies to screen potential merchants before giving them a merchant account.[1][2] It is also known as a TMF or the MATCH list.[3] The Terminated Merchant File is shared among processors and acts as a blacklist, where merchants with high risk accounts or excessive chargebacks are put on the list and prevented from opening an account with a different credit card processor.
Other reasons for being put on the Terminated Merchant File include:
- Merchant collusion
- Fraud
- Excessive chargebacks (refunds)
- Money Laundering
References
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- ↑ Lua error in package.lua at line 80: module 'strict' not found.
- ↑ High Risk Merchant Accounts
- ↑ MasterCard API
