Instead, the card associations use a file called the MATCH file. Her company was circling the drain at the time, and one of the last acts, was to refund about $5000 in credit card charges to customers on orders she could not fill. Terminated Merchant File list . Many translated example sentences containing "terminated merchant file" – Spanish-English dictionary and search engine for Spanish translations. [1] In the case of Mastercard and American Express it is known as the MATCH list. merchants may have found themselves on the Terminated Merchant File (TMF). Payment Capture. What is a Terminated Merchant File? Terminated Merchants Files or MATCH 101 In the world of business, it becomes imperative for those involved in the. However, merchant service providers. Terminated Merchant File (TMF) Definition. This is very important because once you have had a merchant account terminated by a provider, you risk being added to the Terminated Merchant File (also called the Match List). Moreover, merchant accounts can be added to a Terminated Merchant File database. Best for online and international sellers: Durango Merchant Services. The MATCH list, also called the Terminated Merchant File. " The TMF is an international database managed by Mastercard that catalogues businesses and owners whose merchant accounts have been terminated. Finding out your merchant account has been closed is a serious setback, but it doesn’t have to be a permanent one. However, merchant service providers. The Mastercard Alert to Control High-risk Merchants (MATCH) allows an acquiring partner to lookup whether another acquiring partner has terminated a merchant in the past and the reason for that termination, to aid in an onboarding decision. Unfortunately once a merchant is placed on the list, it is cumbersome to get off it. This will provide acquirers with the opportunity to develop and review enhanced or incremental. You might show up on the TMF list if you had a merchant account closed on you for any reason, if you were reportedly difficult for your customers to contact, processed outside your. Good news, though – you no longer have to worry about getting off the TMF list since the more comprehensive MATCH list replaced it. The list is of those with have breached their terms and term held with with buyers and, in turn, their connection got been excluded. These lists help financial institutions know if they’re about to partner with a merchant who is: This can create a high risk of financial loss, which is best avoided. Ask questions. We are the leading High Risk Merchant Account provider. This refers to a database file commonly called the Terminated Merchant File or simply TMF. Clause: Terminated Merchant File. 3. Email : [email protected] simple answer: chargebacks. When a payment processor terminates a merchant file, they may submit that merchant’s information to the MATCH list. com is legit and safe to use and not a scam website. Acquirers and processors can reference the list to help determine the risk factor of a potential new client. It’s also referred to as a Terminated Merchant File (TMF). According to reports, this is the highest growth rate in a decade and is nearly two times more. 6), 2. Terminated Merchant File (TMF) Terminated Merchant Print (TMF), other known how Member Alert To Control High Risk (MATCH), contains names of merchant and associated persons. This can have long-lasting reputational impacts on your ability to do business with banks, merchants, and other institutions; it lasts for a minimum of five years. One of the largest card brands, Visa, operates a database called the TMF List, which stands for Terminated Merchant Files. Visa or MasterCard processing banks or the acquiring banks use it in identifying specific principals and merchants that have been terminated. I received an email that my application could not be processed due to association with cannabis, why?The Visa TMF (Terminated Merchant File) match list is a database maintained by Visa that contains information about merchants who have been terminated or flagged for violating Visa's rules and regulations. If you’re on it, this means that another bank has terminated a merchant account with you, and sends up a red flag to banks that you’re a credit risk. Why is this list important? Acquiring banks use the list to screen potential. Terminated Merchant Databases must meet at least the following standards: - 3 - 1. When you apply for a merchant account, the bank or processor will check to see if you are on the Terminated Merchant File (TMF). Banks and. Payment brands use MATCH—Member-Alert-To-Control-High-Risk—or Terminated Merchant File (TMF), a database of previously terminated merchants, to control merchant access to the payments system. 1% + $0. It’s maintained by MasterCard, but. Landing on the TMF is the ultimate consequence of excessive chargebacks. ago. If the standards are breached, the merchants identification number is added to the TMF. It is called either a Terminated Merchant File (TMF) or MATCH (Member Alert to Control High-Risk). Pricing. Merchant waives and will hold harmless Settlor from any claims that Merchant may raise as a result of Bank’s MATCH file reporting. Even if you think you know the reason for the account cancellation, make sure you ask. Apr 15, 2020Visa requires US acquirers to add a terminated merchant to the MATCH list (also referred to as the Terminated Merchant File in the Visa Rules) no later than close of business on the day following the date the merchant is notified of the intent to terminate the agreement. Include Keywords. the acquirer on behalf of the sponsored merchant. com is positive. The MATCH list (previously called the Terminated Merchant File, or TMF) is a master blacklist that Mastercard compiles and maintains. It’s also known as the Terminated Merchant File (TMF). TMF Terminated Merchant File is another term, which is coined by Visa is just a synonym of MATCH. If you are in an impossible situation, don’t. • Cannot be listed on the Terminated Merchant File (TMF), or similar files • Cannot act as a sponsor for another Payment Facilitator • Excluded merchant types (but may be signed under direct acquiring agreements): Internet pharmacies, Internet pharmacy referral sites, and outbound telemarketers High Risk Internet Payment Facilitators1977 Taylor TY520M (52,000# capacity at 48” load center) Diesel 2 stage mast 15’ tall and lowered 96” forks New Paint 96” forks Hour meter: 5,760 Good running older 52k at 48” LC forklift! Note: Mast is detached for shipping! $96,500 + Freight You Tube Machinery Videos Sell Us Your Surpl. Your business is present on the Terminated Merchant File (TMF), also called the MATCH File, indicating your credit card processing privileges have been terminated elsewhere; Many business owners aren’t even aware of the last one until they apply for merchant services and are denied based on their presence on the list. 5:07 pm on Apr 1, 2005 (gmt 0) Anybody knows Is it possibly to find TMF somewhere in Net? blaze. Frozen or Terminated Merchant Account. Open Search. Best for chargeback monitoring: SMB Global. TMF is a related acronym that stands for Terminated Merchant File, but has recently been replaced by MATCH. It is called the. the acquirer on behalf of the sponsored merchant. Recent Stories. A termination is a public notice and record that the secured party no longer has interest in the collateral. Fundamentally, when you work with any merchant service provider to accept credit cards, you’re inherently dealing with a certain amount of risk – risk that your customer disputes a sale, risk that your company goes out of. Excessive. MasterCard created and manages the list as a tool to “identify a potentially high risk merchant before entering. Closed because of changes to business format, structure or process. The BBB does not maintain a profile for Payment Cloud currently, but CPO gives the company an “A”. This list, which resembles McCarthy’s black list during the cold war, is a stop-all flag that credit card processing companies in America abide by. Search. Inquire against the MATCH database. An occurrence that results, directly or indirectly, in the unauthorized access to or disclosure of Account data. A merchant account termination was the last thing on your mind. We understand the complexities in high risk merchant processing very well. MATCH (Member Alert to Control High-Risk Merchants, formerly known as the Terminated Merchant File) is a reporting database identifying merchants with risk-related issues maintained by MasterCard. MATCH system features. The Terminated Merchant File is a list of businesses that Visa and Mastercard keep track of. Laundering. The MATCH List is, effectively, the only TMF currently in use. Once a merchant. The MATCH List (Merchant Alert to Control High-Risk) is also known as the Terminated Merchant File (TMF). In Summary: 5 Best Bad Credit Merchant Account Providers. At Mastercard, this database is called the MATCH list as described above. The Terminated Merchant File (TMF) is a list of business owners with flagged merchant accounts. Offers Paysley QR-code payment service. Did some research, and VISA and Mastercard does have a blacklist called TMF (Terminated Merchant File)which is now called MATCH. See moreMATCH is the rebranded version of an older, more aptly named list, the Terminated Merchant File (TMF). Description. It’s actually known as the MATCH list or “Terminated Merchant File,” (TMF for short). New: A guide to Google Search ranking systems; Google October 2022 Spam. The key participants in this model are the acquirer, payment facilitator, and sponsored merchant. This warns potential service providers that this merchant is extremely risky. [1] In the case of Mastercard and American Express it is known as the MATCH list. they account holder will usually be placed on the Terminated Merchant File (MATCH list) which prevents them from getting another merchant account unless they clear. Master Servicer. Tiered pricing usually offered to bad credit merchants. Contract Type. When acquirers add a merchant to the TMF, it marks that business as a risky venture, warning other acquirers from doing. It also notifies other acquirers that there’s something not right with your business. Payment processors check MATCH for each new potential account to mitigate their own risk and keep their business safe. Match List of Merchant Accounts. Billing and Collection Customers; Receivable Files Complete; Complete Servicing File; Client. kassius79 • 2 mo. MATCH searches the database for possible matches between the merchant information provided in the inquiry and information. Merchants must first contact the acquiring bank that terminated the account. When a payment processor terminates a merchant file, they may submit that merchant’s information to the MATCH list. Entire payment processors must check diese databases when. TMF (Terminated Merchant File): A “black-listing” of merchants that have had a merchant account terminated for violating a merchant agreement. Merchants are added to the file if any of their MIDs are canceled for breaching standards set by the card schemes. (All contracts in excess of $10,000) Pursuant to the above, when federal funds are expended by ESC Region 8. Usually offers tiered pricing to bad credit merchants. It contains information about merchants and their principals whose credit card processing privileges have been terminated for cause. Explore The Alternatives. MATCH was developed to help acquirers identify a potentially high-risk merchant before entering into a merchant agreement and, should they choose to acquire that merchant’s transactions, whether to implement specific conditions with respect to acquiring. When a merchant is transferred or reported to MATCH, "it means that the card processor has stopped accepting new transactions. They may even offer guaranteed merchant account approval. Terminated Merchant File Sample Clauses. 3. The MATCH list is maintained by MasterCard to keep track of businesses and owners who have had their credit card processing account terminated by an acquiring bank. The. Getting Placed on the MATCH/TMF List Merchants are placed on a terminated merchant file list or MATCH list for various reasons, including excessive chargebacks, transaction laundering, fraudulent transactions, criminal charges against the business, and identity theft, among others. This is a file that Visa and MasterCard contribute to in order to keep track of merchants that have funds due, excessive chargebacks, or have committed fraud. It’s basically an eCommerce list that warns other financial institutions. This level is for small businesses processing less than 20,000 eCommerce transactions and less than 1 million other transactions each year. The Terminated Merchant File (TMF), also known as the MATCH list, is a database that contains information about businesses that have had their credit card processing services terminated by a provider. search, campaigns. When a merchant account was terminated by Mastercard, the company was considered blacklisted and its name was added to a Terminated Merchant File (TMF). The list is an extensive database of merchants with accounts that have been terminated or deemed very high-risk for payment processors within the last five years. Being on the MATCH list won’t cause you to lose any. MATCH List is occasionally referred to as Terminated Merchant File. I'm sure everyone would straighten up a lot. As a result, businesses may end up with closed merchant accounts. Mastercard combined the MATCH list with the TMF listing (Terminated Merchant File), making the lists interchangeable. The MATCH list functions as a database that compiles information about businesses and business owners whose accounts have been terminated for a variety of. Jurisdiction. Removal is difficult and can be an extremely time-consuming process. A Merchant can be placed on the MATCH List for various offenses determined. Under rules covering the Visa/Mastercard Terminated Merchant File rules, it may take years to have your merchant accounts up and running again. Acquiring Banks consult this list when determining whether or not to extend a merchant account to a given business, and in. But TMF is more of a broad term that relates to any terminated merchant file, whereas the MATCH list refers specifically to the database that’s. How to Stay Off the MATCH File June 4, 2008 Posted by Michael Brooks in Chargebacks, Industry Compliance, Risk and Fraud Management. Msg#:655572 . A high-risk merchant account is a label your payment processor has given your business. Open Search. Being listed on the TMF match list can make it difficult for merchants to obtain new merchant accounts or payment processing services, as it. The Terminated Merchant or MATCH (Member Alert to Control High-Risk) file is used by MasterCard and Visa processing banks (the acquiring banks) to keep tabs on merchants and/or principals who… High-Performance Websites & E-Commerce SolutionsBanks or credit card processors can deny a business’ merchant account application for the following reasons: Less than stellar personal credit history. Furthermore, in this article, we will. • Cannot be listed on the Terminated Merchant File (TMF), or similar files. One of the largest card brands, Visa, operates a database called the TMF List, which stands for Terminated Merchant Files. Merchants and businesses that wind up on Terminated Merchant Files or Match lists don’t all deserve to be there. (All contracts in excess of $10,000) Pursuant to the above, when federal funds are expended by ESC. Click on the Online Form link next to your certification. Additional filters are available in search. Cliq typically offers a three-year contract through Cynergy Data with a Liquidated Damages-style early termination fee. Msg#:655571 . Resources. • Excluded merchant types (but may be signed under direct acquiring agreements): InternetTerminated Merchant File / Match System - For anyone that is curious: [quote] What is the Terminated Merchant File or TMF? The Terminated Merchant File or TMF listed merchants whose merA Comprehensive Guide to Surviving the MATCH List in 2022. The MATCH list, also commonly referred to as Terminated Merchant File (TMF), is a list used to screen potential merchants by credit card processors before approving them for a merchant account. Advertiser Disclosure: Our unbiased reviews and content are supported in part by affiliate partnerships, and we adhere to strict guideline. And, not be over-dramatic here, this can be one of the worst things that can happen to a merchant. Being listed on the TMF match list can make it difficult for merchants to obtain new merchant accounts or payment processing services, as it. CFR PART 200 Termination Termination for cause and for convenience by the grantee or subgrantee including the manner by which it will be effected and the basis for settlement. As a result, the banks tend to take a look at the reputation maintained by business entities before offering merchant accounts to them. This warns potential service providers that this merchant is extremely risky. What a horrifying concept! This should really get a lot more press around here. Ask questions. The Terminated Merchant File Match List (TMF) is a subset of the Match List that includes merchants who have been terminated from their merchant accounts for reasons other than high levels of. Your name/business can be removed as soon as a week after the payment has been received. It has gradually replaced the Terminated Merchant File (TMF), an older system that is being phased out. • Cannot be listed on the Terminated Merchant File (TMF), or similar files. 4 billion. Generally speaking, no processor will provide an. Merchant accounts (read businesses) that partake in fraudulent practices, receive excessive chargebacks or consumer complaints, or unintentionally facilitated, by any means, the unauthorized disclosure or use of account information may find themselves on the Terminated Merchant File (TMF) or MATCH (Member Alert to Control High Risk. When your electronic payments acceptance is at – risk and the life of your business hangs in the balance. A UCC filing, also known as a UCC lien or a UCC-1, is a financing statement which lenders can file against your business with your secretary of state. During that time it will be almost impossible to obtain a new merchant account. How Can I Get On the List. Merchants must first contact the acquiring bank that terminated the account. An acronym for the Member Alert to Control High-Risk Merchants, MATCH is a powerful national database. Or better yet - look for a merchant account provider with no long-term contract or ETF. Terminated Merchant File list . 2 DEPOSIT OF FUNDS TO MERCHANT POOL ACCOUNT Our sponsor banks will deposit to the non-interest bearing pooled account titled in the name of our sponsor bank for the benefit of all ProPay merchants (“Merchant Pool Account”) all amounts of Card and ACH transactions complying with the terms of this agreement and the. Communicate Proactively. Call us Toll Free (866) 509-7199 Is your business on the MATCH list or terminated merchant file (TMF) list. You’re following the rules, and as far as you know, doing everything right. Formerly known as the Terminated Merchant File (TMF), the MATCH list contains information about businesses whose card. The Terminated Merchant File (TMF) or MATCH (Member Alert to Control High-Risk) list is essentially a blacklist used in the banking and credit industries. Your processor can place you on the TMF unilaterally if it determines that you have engaged in fraud, racked up too many chargebacks, failed to pay merchant account fees, or otherwise committed an egregious violation of payment. A Terminated Merchant File (TMF) is like a blacklist for businesses that handle credit cards. Blog / MATCH list. If you are in an impossible situation, don’t. [2] The terminated merchant files are shared among processors and act as blacklists, where merchants. PCI Compliance RequirementsAfter weeks of fueding, they placed my company on the Match List/ Terminated Merchant File (TMF). Prepaid Calling Cards. The worst thing that could happen to a merchant is being placed on the MATCH list. 4. PaymentCloud: Best for free credit card terminal. This ID is assigned to you automatically, once you open a PayPal account. A Terminated Merchant File is a tool used by credit card processing companies to screen potential merchants before giving them a merchant account. Consequences of chargebacks on merchant businesses The Big Three of credit card networks (Visa, MasterCard, and American Express) supervise their merchants’ chargeback ratios. The Terminated Merchant File (TMF) holds a sole purpose of stop listed merchants from creating fresh merchant financial at different acquirers, using financial card processors and through Visa merchant services. Acquiring banks are risk sensitive and typically decline or terminate merchants listed on MATCH. Since 1994, BankCardLaw has built relationships and achieved business – saving results in electronic payments and merchant credit card account matters. It is accessible to acquiring banks and payment processors to help them evaluate the risk associated with a merchant. There are several reasons why you as a merchant can get blacklisted or MATCH’d. A terminated merchant file ( TMF) is a tool used by credit card processing companies to screen potential merchants before giving them a merchant account. Card networks, such as Visa and Mastercard, operate databases known as Terminated Merchant Files (TMFs) that contain information about accounts that have been closed by credit card processors around the world for high chargebacks or violations of card brand rules. To change: To add your location to the store locator search click the checkbox under the Opt-In column. In short, MATCH resembles a “blacklist” that financial institutions can use to cross-check you and board you as a new merchant. The list is also known as TMF, or Terminated Merchant File. Acceptable Use Policy. We understand the complexities in. This might be a piece of equipment, a vehicle, property, or even a blanket. A terminated merchant file ( TMF) is a tool used by credit card processing companies to screen potential merchants before giving them a merchant account. Related to TERMINATION AND COMBINED TERMINATED MERCHANT FILE. The chances are slim to none of getting approved once your name hits the list. savur. Merchants with high-risk accounts or many chargebacks are on the list and can’t use different credit card processors to open a merchant services account. ”. As specialists in the high-risk payment arena, we appreciate the profound effects that appearing on the Terminated Merchant File (TMF), also referred to as the MATCH list, can impart on your business. Today, MATCH is a program maintained by MasterCard International and used by Visa USA (and, as of recently, by American Express), to identify merchants that acquirers have terminated for specified. It contains information about merchants and their principals whose credit card. To check if you're on the Terminated Merchant File (also known as MATCH), you can reach out to the major credit card companies, such as Visa, Mastercard, American Express, and Discover, to inquire about your merchant status. Terminated Merchant File. The MATCH list, also known as the Terminated Merchant File (TMF) maintained by Visa, is a database similar to the TMF. MATCH List Criteria: Merchants end up on the MATCH list due to:• Merchant help desk support, including reprogramming of terminal software Entities using vendor supplied Remote Key Distribution techniques must ensure that such vendors are registered with Visa as ESOs Third-Party Servicers (TPS) Contracted by issuing and/or acquiring clients for payment related services such as:First, merchant account freezes and terminations have a negative impact on your record and your name will appear on the terminated merchant file (TMF). Open Search. If so, you will have trouble acquiring a merchant account with reasonable rates if at all. Facebook. Businesses unfortunate enough to make this list are essentially blackballed by many financial institutions. Unlock Your Business Potential: Overcoming TMF Challenges with Expert TMF Merchant Consulting Services. The Terminated Merchant File (TMF) list may have brought your business to a screeching halt, but EMB offers full-service TMF merchant accounts that can get you up and running again in as little as 48 hours. Mastercard created the MATCH list, a file of high-risk merchants that banks and payment processors use to identify merchants they may not want to do business with. Exclude Keywords. Acquiring banks also have the capability to include or remove you to or from the MATCH data source. They are as follows; Match List Reason Codes. In simple terms, the MATCH (Member Alert to Control High-Risk Merchants) record compiles information on companies and their owners, including terminated merchant accounts. How to remove a terminated merchant file from the MATCH list. Terminated Merchant File (TMF) is a general term for a merchant blacklist such as the MATCH List. It is possible to get your business’ operations back on track. The TMF contains information about merchants that have breached their agreements with financial institutions, resulting in the… The client was terminated by PipeLine Data for excessive chargebacks and was listed on the TMF file. This list is called the Terminated Merchant File (TMF), or Member Alert to Control High-Risk (MATCH) list. Documents to Obtain a TMF Merchant Account. Contract Type. A merchant account for terminated merchants allows businesses continuity even if they were previously put on a TMF by a credit card processor. The Terminated Merchants File (TMF) or match file is basically a list of merchants that have had their merchant accounts closed down by their processing bank on negative terms. • Cannot be listed on the Terminated Merchant File (TMF), or similar files. Merchants wind up on the MATCH list for a variety of reasons, including: Excessive chargebacks. Terminated. American Merchant Systems (represents 25+ different processing sources (US based banks, domestic banks, domestic merchant accounts, offshore banks, offshore merchant accounts, third party processing, ACH Check Processors, check guarantee services, check conversion services, and ATM. When a merchant does not follow the norms of their high risk business and comes across chargebacks in previous processing, payment processor can put the merchant account in the Terminated Merchant File. Therefore, TMF list removal is as crucial as MATCH list removal. If the merchant is on the MATCH List, the acquirer will contact the bank or processor that added the merchant to the database and find out what happened. Search. Filter & Search. The Terminated Merchant File (or “TMF” or “MATCH List”) is a log of merchants maintained by Mastercard. Table of Contents Visa Global Acquirer Risk Standards: Visa Supplemental Requirements vi Visa Public 1 October 2018 Notice: This is VISA PUBLIC information. I received an email that my application could not be processed due to association with cannabis, why?This list is shared between a variety of merchant account providers in order to protect other merchants from opening a new merchant account with a business owner whose business has had its privileges revoked. The MATCH List Is a Blacklist. Account Data Compromise. The terminated merchant files are blacklists shared among processors. You don't match the average processing volume for your type of business. kassius79 • 2 mo. Bank is required to report the business name of Merchant and the names and identification of its principals to the Terminated Merchant File (the “MATCH System”) maintained by MasterCard when Merchant Bank determines that Merchant has been terminated for one or more of the reasons specified in Visa. (SRP, Rule 11. The MATCH system is often referred to as the Terminated Merchant File (TMF). What is the MATCH or TMF List? MATCH—Member-Alert-To-Control-High-Risk—or Terminated Merchant File (TMF) is a database of previously terminated merchants created and maintained by MasterCard Worldwide, and relied upon by the payment brands to screen and regulate merchant access to the payments system. Click Access IIAS forms on the right side of the page. Steps to Take After Your Merchant Account is Terminated. MATCH — Member-Alert-To-Control-High-Risk — or Terminated Merchant File (TMF) is a database of previously terminated merchants created and maintained by MasterCard Worldwide, and relied upon by the payment. If you have been placed on Terminated Merchant File (TMF) or Member Alert to Control High Risk Merchants (MATCH), we can help. Additional filters are available in search. This refers to a database file commonly called the Terminated Merchant File or simply TMF. It is regarded as a national database related to merchants and their principal owners whose accounts have been terminated for this or that reason. • Cannot act as a sponsor for another Payment Facilitator. Total. BankCardLaw is a premiere provider of customized electronic payments legal services. CFR PART 200 Termination Termination for cause and for convenience by the grantee or subgrantee including the manner by which it will be effected and the basis for settlement. Unfortunately, it looks like your website, hanami. A merchant file is simply a record of a merchant and whether they’re considered in good standing. In this situation, we will not be able to. ” “The List,” of course, is the MATCH/TMF list. Landing. It is true, but there is such a thing as a merchant account blacklist. Finding out your merchant account has been closed is a serious setback, but it doesn’t have to be a permanent one. Bad credit or being put on the Terminated Merchant File list shouldn't stop you from taking orders if you do some extra research first. The TMF is an international database managed by Mastercard that catalogues businesses and owners whose merchant accounts have been terminated. ” This stands for Mastercard Alert to Control High Risk Merchants. 0800 304 78 75. Best Merchant Accounts for Terminated Merchant Files: 1. Resources. In the world of payment processing, the terms TMF and MATCH are often used interchangeably. MATCH is used to verify if you have had a merchant account terminated in the past. This is a file that Visa and MasterCard contribute to in order to keep track of merchants that have funds due, excessive chargebacks, or have committed fraud. You are blacklisted in the Terminated Merchant File (TMF). Complicit merchants could have their merchant accounts closed, be added to a Terminated Merchant File database, which will block them from setting up further accounts, and even face legal issues. MasterCard doesn't put you in that list, the bank processing your credit card payments does. You can also be put on a file of terminated merchants. Even if you think you know the reason for the account cancellation, make sure you ask. This is a file that Visa and MasterCard contribute to in order to keep track of merchants that have. The MATCH list (previously referred to as the Terminated Merchant File or TMF) is a database identifying merchants who have had their payment processing privileges revoked by an acquiring bank or processor. It serves as a list of blacklisted merchants and prevents. Payment capture comes after authorization; at this point, the payment is effectively "settled," and the transaction is over. Then, out of nowhere, you get a notification about the closure of your merchant account. The TMF (Terminated Merchant File) list is a database of businesses that have previously had a merchant account terminated by a processor or bank. The What, Who, How, and Why of the Terminated Merchant File. UCC-3 important points. MATCH (Member Alert to Control High-Risk Merchants, formerly known as the Terminated Merchant File) is a reporting database identifying merchants with risk-related issues maintained by MasterCard. Quarterly PCI scans , administered by an approved scanning vendor, may. Merchants on the list are identified via terminated merchant files (TMF). When applying for a new merchant account, I was told that I was denied for being on the Terminated Merchant File, or now I believe it's referred to as the MATCH (Merchant Alert To Control High-Risk) list due to excessive chargebacks from a business I ran for two years from 2016-2018. One of the best ways to avoid a hold or freeze is to communicate with your merchant account provider as soon as you think there might be a problem. Prior to executing the merchant agreement, the Acquirer submits an inquiry to the MATCH API that includes information on a merchant and the associated principal owner (s) Step 2. The data is kept on a MasterCard database, and prospective financial providers check this database before taking on any accounts. Some of the coded reasons provided by MasterCard as to why you could be listed as a Terminated merchant account are explained below. This stands for Member Alert to Control High-Risk Merchants, and it keeps track of businesses with a credit card processing account that’s been terminated by an acquiring bank. Visa or MasterCard processing banks or the acquiring banks use it in identifying specific principals and merchants that have been terminated. All processing banks are needed to utilize MATCH. MATCH (previously known as TMF, or Terminated Merchant File), is a database of merchants used by payment processing companies that contains information on merchants and individuals whose accounts have been terminated. Who uses the MATCH list? The MATCH list is used by payment processors during the underwriting process when a merchant goes to apply for a merchant account. Published on March 1, 2014. The MATCH system is often referred to as the Terminated Merchant File (TMF). One of the serious consequences merchants face when they have excessive chargebacks is having their account terminated and being added to the Member Alert to Control High-Risk Merchants (MATCH) list. To the average person, the words “terminated merchant file” does not mean much, but for a business using merchant account services, it can mean utter ruin. The simple way of putting it is that the file. The Terminated Merchant File (TMF) is a list of business owners with flagged merchant accounts. ” There are, in fact, precisely 14 listed reasons that a merchant can get tagged with one of these designations. What Is the Mastercard MATCH List? The MATCH list keeps track of merchants deemed to pose an unacceptable level of risk. The Terminated Merchant File is shared among processors and acts as a blacklist, where merchants with high risk accounts or excessive. If you’re already classified as a high-risk merchant and you still have to deal with multiple chargeback fees, your merchant account might be frozen or terminated. Best Merchant. If you find this last advice redundant, you haven’t spent much time in high-risk processing. This list keeps track of businesses with a credit card processing account that’s been terminated by an acquiring bank. Online Firearm Sales. The difference between a closed merchant account and a terminated merchant file (TMF) aka the Match List, which stands for Merchant Alert to Control High-Risk is critical because a TMF not only stops you from processing credit cards in the present, it prevents you from obtaining a merchant account in the future under any other. • Must be located within the acquirer’s jurisdiction. The TMF is the kind of list maintained by the credit card processing industry that collects business records and business owners whose merchant accounts got terminated for excessive. If you are engaged in any of the restricted activities or business es prohibited under our Acceptable Use Policy, you may not use our Services. Created by MasterCard it’s a main resource for acquiring banks and payment processors that flags you is a credit card processor lost money with you. Unfortunately, any business that appears on the MATCH list is almost guaranteed to be denied a merchant account. Penny Auctions. The Terminated Merchant File (TMF) is a database of merchants that financial institutions have marked as high-risk. MATCH, or Member Alert to Control High-Risk, is a tool created and managed by Mastercard for use by credit card processing companies to screen potential merchants before signing them up for s merchant account. Contact Merchant Stronghold at the toll-free number +1 (727) 330-3944. Today, MATCH is a program maintained by MasterCard International and used by Visa USA (and, as of recently, by American Express), to identify merchants that acquirers have terminated for specified. The TMF was an older database created by Mastercard for merchants whose accounts were terminated for reasons like fraudulent activity, excessive chargebacks, or breaches of agreement. Jurisdiction. Open Split View. Check to ensure your name or the name of your business does not appear on the MATCH list. As a result, other processors will know about all this, thus it’ll become more challenging for you to get approved for another merchant account. Your chargebacks are low. Include Keywords. Credit card processing companies use a terminated merchant file (TMF) to check out potential merchants before giving them a merchant account. Related Clauses. • Must be located within the acquirer’s jurisdiction. The terms “Terminated Merchant File (TMF)” and “MATCH list” are often used interchangeably, but they’re a bit different. The listing includes the name of your business, your website, and your physical address along with the names of all partners. #2. When a processor considers signing an agreement with a merchant, it must first check MATCH for information on whether the merchant was terminated by another processor. You must meet the eligibility requirements in our . 4. Country. Signing up with the wrong processor greatly increases your chance of landing on the. Moreover, you may have difficulty opening a new merchant account if you’re account is terminated and listed under Terminated. How to Prevent Merchant Account Holds and. For whatever reason, and I'm still trying to figure it out. Merchants belonging to the MATCH often face more difficulty in obtaining a merchant account or payment processor. There are a number of disqualifying acts that will place merchants on the TMF list.