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. In short, MATCH resembles a “blacklist” that financial institutions can use to cross-check you and board you as a new merchant. In addition, noncompliance can lead to your company being placed on the Visa/ MasterCard Terminated Merchant File (TMF). Scroll down to the DBA section. 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… Advertisement CoinsThe MATCH list is the more comprehensive version of the now-obsolete Terminated Merchant File, or TMF. Merchant accounts can be difficult to obtain and can be suddenly closed down for a variety of. One very important piece of data maintained on the MATCH file is a list of merchants whose. Landing. Most high-risk merchant accounts are terminated within the first three months of their existence. Put in its simplest terms, a terminated merchant file is a record that indicates whether or not a merchant should be able to obtain credit card processing capabilities. Receiving a high volume of chargebacks can have major repercussions for businesses. The MATCH List Is a Blacklist. This means the merchant will find it harder to find a payment processor who will work with them. That way, they won’t obtain. Open Search. If a merchant’s chargeback ratio reaches a specific level, the merchant may be subject to monthly penalties and extra chargeback costs until the problem is resolved. TMF (Terminated Merchant File): A “black-listing” of merchants that have had a merchant account terminated for violating a merchant agreement. When a bank considers whether or not to accept you for a. Being on the MATCH list won’t cause you to lose any active. Use this list to avoid doing business with certain merchants, payment processors, banks, and other financial institutions. As mentioned, this ID is used to identify the merchant without exposing their email to web crawlers. Recent Stories. A Terminated Merchant File is used by processing companies to screen merchant account applicants. TMF is abbreviated for Terminated Merchant File and is referred as the MATCH (member alert to control high-risk merchant) list. It is possible to get your business’ operations back on track. 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. Stripe evaluates the financial risk of partnering with a business based on industry. ago. When you do something wrong, a financial institution such as Visa or Mastercard will mark you as a violator for whatever offense you or your merchant account has created. When you apply for a merchant account, the bank will check to see if you are on the Terminated Merchant File (TMF). TMFs are lists of organizations that credit card companies will not work with due to their high potential for risk to the card issuer and other stakeholders. Terminated Merchant Files. Of course, eventually, they are discovered by their bank and typically have their accounts terminated. 9% + $0. A payment capture is the legally binding point at which transactional funds move from a cardholder's account into a merchant’s account. 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. Non-compliance. ”. Categories. Or better yet - look for a merchant account provider with no long-term contract or ETF. Here’s a list of those codes and what they mean: 01: Account Data Compromise. 2. Remove Advertising. • Must be located within the acquirer’s jurisdiction. You can still get a merchant account while being on there - the processor will just want to know a lot of information and your discount rate might be a bit higher or you might have a reserveIs your business on the terminated merchant file (TMF) list? The TMF list is also known as the MATCH List. The MATCH list (previously called the Terminated Merchant File, or TMF) is a master blacklist that Mastercard compiles and maintains. Our account will enable you to expand your business by reaching more customers and accepting their payments. 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. UCC-3 important points. One of the largest card brands, Visa, operates a database called the TMF List, which stands for Terminated Merchant Files. Each merchant on the list receives a numerical code that indicates the reason for them being on it. Ask questions. We approve 95% of applicants! I. Said action may result in Merchant’s being restricted from settling Transactions with any bank in the future. This level is for small businesses processing less than 20,000 eCommerce transactions and less than 1 million other transactions each year. MATCH is used to verify if you have had a merchant account terminated in the past. MATCH searches the database for possible matches between the merchant information provided in the inquiry and information. It contains information on your business if. 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. Businesses on the MATCH list have had merchant accounts terminated previously or deemed a significant risk for payment processors. While it is possible to find a TMF merchant account with a company familiar with the issues involved (i. For most companies, that’s enough to put them out of business. com is positive. Merchant Account: An account with an acquiring bank that enables a business or other organization to accept credit cards. Hello, MATCH is only accessible to registered MasterCard. Based on our evaluation, the best high-risk merchant account providers are: Best overall (and most versatile): PaymentCloud. There are a number of different names for this list, including the TMF List, Terminated Merchant File Match List, Mastercard Match List, and more. Terminated Merchant File Sample Clauses. Home; Practice Areas. We specialize in assisting merchants that have been terminated and had their merchant account or payment system closed, High risk merchant services and terminated merchant consulting specialists. This makes it very difficult to get a merchant Match file is like a blacklist that banks can cross-check when they take on a. [1] In the case of Mastercard and American Express it is known as the MATCH list. 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. Search for: Get Started Get Started. 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. there is another list called the Terminated Merchant File (TMF). MasterCard Worldwide created and maintains the MATCH list, which also. Search. Additionally, your merchant will likely be added to a file known as the Terminated Merchant File (TMF). Clause: Terminated Merchant File. 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. The terminated merchant files are blacklists shared among processors. ). 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. The MATCH list was created to blacklist certain high risk merchants. Contract Type. Foolishly, I did exactly that without thinking of the consequences. Account Data Compromise. The MATCH system is sometimes referred to as the Terminated Merchant File (TMF). Then, out of nowhere, you get a notification about the closure of your merchant account. Businesses unfortunate enough to make this list are essentially blackballed by many financial institutions. Read out guide explaining why merchant accounts are terminated. Country. Search titles only By: Search Advanced search…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. Being listed on the TMF or MATCH file can put a merchant out of business. Top Merchant Service for Terminated Merchant Files Based in Woodland Hills, California, PaymentCloud is a merchant account provider that specializes in serving high-risk business types. S. 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. How to Stay Off the MATCH File June 4, 2008 Posted by Michael Brooks in Chargebacks, Industry Compliance, Risk and Fraud Management. 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. • Cannot act as a sponsor for another Payment Facilitator. 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. If you have been placed on Terminated Merchant File (TMF) or Member Alert to Control High Risk Merchants (MATCH), we may be able to help depending on the reason you were placed on the list for. Card-issuing banks and merchant service providers have access to the MATCH list (also see Terminated Merchant File). Landing on the TMF is the ultimate consequence of excessive chargebacks. When a business's merchant account is terminated, the reason why is typically recorded in the merchant's file. TMF is a related acronym that stands for Terminated Merchant File, but has recently been replaced by MATCH. Additional filters are available in search. 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. Browse. Advertiser Disclosure: Our unbiased reviews and content are supported in part by affiliate partnerships, and we adhere to strict guideline. kassius79 • 2 mo. Tony Ogden is the principal and chief counsel who founded The Law Offices of Anthony L. the acquirer on behalf of the sponsored merchant. 0800 304 78 75 [email protected] Merchant Advice Service Ltd. In order to be removed from the terminated merchant file MATCH list, a merchant must contact a former provider and request removal. Additional filters are available in search. MATCH is very important for the member banks because it helps in assessing risk before any merchant is signed. All positive MATCH responses are thought about “possible matches” because the search mechanisms can not guarantee a real and exact match with absolute. especially those added to the terminated merchant file (TMF) or flagged with a member alert to control high-risk merchants. Terminated Merchant File (TMF) is a general term for a merchant blacklist such as the MATCH List. Once a merchant. How to remove a terminated merchant file from the MATCH list. If caught, any funds that are in the pipeline to be paid from prior transactions will be frozen during an investigation. Mastercard maintains the TMF and keeps track of revoked merchant accounts. 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. Communicate Proactively. How? For starters, rethink whom you do business with. It is mostly a list of businesses and owners whose credit card processing privileges were terminated. About This Guide Visa Global Acquirer Risk Standards: Visa Supplemental Requirements 1 October 2018 Visa Public 1 Notice: This is VISA PUBLIC information. The MATCH system is often referred to as the Terminated Merchant File (TMF). MasterCard doesn't put you in that list, the bank processing your credit card payments does. These days it’s called the MATCH list as well (Member Alert to Control High-risk). Terminated Merchant Files (TMF) and the MATCH List. Accepting credit and debit cards is vital to your sales and revenue! Green Pay has worked with many merchants on these lists and we have. This blacklist is famously known as. Usually filed prior to the five-year lapse date. With the MATCH list, Mastercard combined a list with the TMF listing (Terminated Merchant File), so each list is utilized. Acquiring banks also have the capability to include or remove you to or from the MATCH data source. Key Points: Stripe often terminates or freezes merchant accounts without warning or explanation, leading to account closure and held funds. ” This stands for Mastercard Alert to Control High Risk Merchants. Best one-stop shop: First Card Payments. While MasterCard created and maintains the MATCH list, all financial institutions, including Visa, Discover, and American Express, rely on it to. The What, Who, How, and Why of the Terminated Merchant File. When a payment processor terminates a merchant file, they may submit that merchant’s information to the MATCH list. The worst that can happen to an online business is a termination of its merchant account. Like refusing to pay an early termination fee, your business can be blacklisted on the Terminated Merchant File, tracked down by collections agencies and suffer credit damage if you refuse to pay terminal lease fees. They may even offer guaranteed merchant account approval. Related to TERMINATION AND COMBINED TERMINATED MERCHANT FILE. #3. The BBB does not maintain a profile for Payment Cloud currently, but CPO gives the company an “A”. Sep 1, 2021 3 minute Read The Terminated Merchant File ( TMF ), also known as the Merchant Alert to Control High-Risk (MATCH) list is a scary place to find your name. It is true, but there is such a thing as a merchant account blacklist. There are many benefits that you will enjoy by having a high volume merchant account with us. 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. The company’s products and services include point-of-sale solutions, mobile phone swipers, an online payment gateway and virtual terminal, EMV-compatible. It’s also referred to as a Terminated Merchant File (TMF). A lot of providers now offer month-to-month billing. Terminated Merchant File: Your name is present; Insufficient Credit Card Processing History, Low Credit Score, and You Process Automated Recurring Payments; In addition, there are certain products or services that may be considered high risk as well. To avoid that fate, you have to remain in full compliance with the terms of your agreement. Search. The list is also known as TMF, or Terminated Merchant File. After submitting the application, merchants will need. 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. Customer: Does anyone really know about Terminated Merchant File TMF, Chase Pamentech has balcklisted me. Providers use the system to screen applicants, looking for any history of termination in the past. This list serves as a powerful tool for banks to identify high-risk merchants. If you’re on it, this means that another bank has. Related Clauses. • Excluded merchant types (but may be signed under direct acquiring agreements): InternetThe MATCH List Is a Blacklist. Billing and Collection Customers; Receivable Files Complete; Complete Servicing File; Client. Msg#:655571 . Search. Merchants and businesses that wind up on Terminated Merchant Files or Match lists don’t all deserve to be there. 7. If your business is on the Terminated Merchant File (TMF) or “MATCH” file, that does not mean you are completely black listed from ever getting a merchant account again. The MATCH list, also called the Terminated Merchant File. One-Stop Solution From 5 Star Processing. 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. I have been put in a. That way, they won’t obtain. Even if you think you know the reason for the account cancellation, make sure you ask. Merchants must first contact the acquiring bank that terminated the account. #2. The Terminated Merchant File (TMF) is a list of business owners with flagged merchant accounts. All payment processors must check these databases when accepting a new user,. Unfortunately, any business that appears on the MATCH list is almost guaranteed to be denied a merchant account. Terminated Merchant File. A terminated merchant file, also called a TMF or MATCH file, is essentially a blacklist created by acquiring banks in order to steer clear from merchants or principals that have been problematic in the past. To avoid appearing on the MATCH list, you should make sure the directors you appoint or even major shareholders in the business have a clean history. 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. If so, you will have trouble acquiring a merchant account with reasonable rates if at all. The merchant’s name will also be added to the shared Terminated Merchant File (or TMF). Visa or MasterCard processing banks or the acquiring banks use it in identifying specific principals and merchants that have been terminated. 17. MATCH system features. The Terminated Merchant File is a shared online list among processors and acts as a blacklist scrubber, where merchants with high-risk accounts or excessive chargebacks [and/or terminated for violation of agreement are put on the list and prevented from opening an account with a different credit card. Fraud. Merchants are added to the file if any of their MIDs are canceled for breaching standards set by the card schemes. Landing on the TMF file will make it impossible for them to open a merchant account in the future with any processor. Some of the coded reasons provided by MasterCard as to why you could be listed as a Terminated merchant account are explained below. 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. American Merchant Systems can help. Payment Cloud provides a dedicated account rep to all new merchants for the life of the account. The. Slightly Higher Rates: Merchants on or previously on the terminated merchant file may be subject to higher rates — decided upon by the bank – for credit card processing, from anywhere between 3-12 months. Clauses. 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. “ The Terminated Merchant File or TMF is a list compiled and managed by MasterCard, of business owners (merchants) whose accounts have been terminated in. TMF, MATCH file and GNF:. This kind of reputation is hard to shake, and if a once-terminated merchant is able to open a new account at all, the terms are likely to be very unfavorable. MATCH stands for “Merchant Alert To… Today, most high-risk merchants live in fear of being placed on “The List. All payment processors must check these databases when accepting a new user,. [2] The terminated merchant files are shared among processors and act as blacklists, where merchants with high. We service ALL high risk industries AND all merchants that have been terminated by their current credit card. When your electronic payments acceptance is at – risk and the life of your business hangs in the balance. The MATCH list functions as a database that compiles information about businesses and business owners whose accounts have been terminated for a variety of. TMF Merchants (Terminated Merchant File List) Pawn Shops; Vacation Rentals; If your business operates in one of these industries, there’s a good chance you’ll need to obtain a high risk. A Terminated Merchant File (TMF) is like a blacklist for businesses that handle credit cards. 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. In short: capture is the point at which you get paid for a sale. The vast majority of these accounts found. If your business has been placed on the Terminated Merchant File (TMF) or Merchant Alert To Control High-Risk (MATCH) list, getting off of the list should be one of your top priorities. Drug Related Crimes. Typical reasons for this label is that your account is considered to be at a higher risk of fraud, chargebacks, or a high number of returns. The MATCH system or Member Alert to Control High-Risk (Merchants) is a MasterCard® database of merchants and their principals whose merchant accounts were terminated for cause. Exclude Keywords. For whatever reason, and I'm still trying to figure it out. When a merchant account was terminated by Mastercard, the company was considered blacklisted and its name was added to a Terminated Merchant File (TMF). MATCH (or Mastercard's Alert To Control High-Risk Merchants) was created to help banks identify high-risk merchants before signing merchant agreements with them. 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. Different banks have unique chargeback thresholds, so the specific. Dictionary. The review of terminatedmerchant. Consequences of chargebacks on merchant businesses The Big Three of credit card networks (Visa, MasterCard, and American Express) supervise their merchants’ chargeback ratios. Terminated Merchant File, or TMF listing, was the term employed the most in years past but MATCH has become more commonly used as of late. 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. What does TMF mean? TMF stands for Terminated Merchant File (also. Jurisdiction. 4 C. Msg#:655571 . Acquiring banks and credit card processors use it to keep track of. If you come across it, just know that it’s the. Merchants belonging to the MATCH often face more difficulty in obtaining a merchant account or payment processor. James Huber and Chris Dryden are recognized experts in the payments space, and I do highly recommend their services to others! Contact us to set up a consultation today to see how our expert attorneys can help you get off the MATCH list and back in business. 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? For starters, rethink whom you do. New: A guide to Google Search ranking systems; Google October 2022 Spam. Here are steps that you should follow to go through this process successfully: Inquire about the reason for termination of your account: Any prospective processor. Usually offers tiered pricing to bad credit merchants. Once. 4. Best for chargeback monitoring: SMB Global. 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. The bank that added a merchant to the MATCH list are the. Setting up a new merchant account is a time-consuming process full of screenings, rules, regulations, and laws that must be adhered to. A MATCH listing, or a TMF (Terminated Merchant File) means you have previously had a processing agreement terminated. API. Check to ensure your name or the name of your business does not appear on the MATCH list. If you find this last advice redundant, you haven’t spent much time in high-risk processing. This list is handled by MasterCard and acts as a resource for all the acquiring banks to identify businesses that have had their merchant. A lot of providers now offer month-to-month billing. net Call us : 702-456-1116 There are only three ways to get off the MATCH list. The Terminated Merchant File, commonly known as the MATCH List, is a database maintained by Mastercard that tracks merchants who have been terminated or suspended by acquiring banks due to high chargebacks or fraud. Credit Processing for TMF/Match List Merchants. 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. 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. Acquirers must ensure that a terminated Merchant, Sponsored Merchant, or Third Party Agent (including, but not limited to, a Payment Facilitator, Marketplace, Staged Digital Wallet Operator, or Independent Sales Organization) is added to the Visa Merchant Screening Service (VMSS) one business day after termination if VMSS listing criteria are met. The Terminated Merchant File (TMF) is a list of business owners with flagged merchant accounts. Related Clauses. Terminated Merchant File (TMF) by NMA. Fastest application process: Soar Payments. The simple way of putting it is that the file. 40. 17(a)(ii) of the BMO Xxxxxx BIN Sponsorship Agreement or any merchants of such Person. Signing up with the wrong processor greatly increases your chance of landing on the. MATCH List and Terminated Merchant File (TMF) Oct 11, 2022. • 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 FacilitatorsLegal Help for Debts and Collections - Collection Lawsuits: Florida I have received a summons from Wells Fargo Merchant Services that demands I pay Owner of a Closed Business Sued Over Unpaid Debts Expert LawThe Terminated Merchant File is a list of businesses that Visa and Mastercard keep track of. He offers clients a wealth of experience including more than 28 years of professional services dedicated to handling electronic payments cases, terminated merchant file or TMF MATCH cases and emergency management of distressed. Any merchant who violates these rules and laws risks earning a place on the Terminated Merchant File (TMF) or Member Alert to Control High-Risk (MATCH) list. Account data is stolen at the Merchant and then used for fraudulent purchases at other Merchant locations. You are blacklisted in the Terminated Merchant File (TMF). Terminated Merchant File and Match File. It’s also referred to as a Terminated Merchant File (TMF). How are merchants listed in the. 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. Before a business owner can be approved for a merchant account to process credit card payments, financial institutions use a tool known as a Terminated Merchant File (TMF) or MATCH list to. MATCH (or Mastercard's Alert To Control High-Risk Merchants) was created to help banks identify high-risk merchants before signing merchant agreements with them. 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. Table of Contents Visa Global Acquirer Risk Standards: Visa Supplemental Requirements vi Visa Public 1 October 2018 Notice: This is VISA PUBLIC information. • Excluded merchant types (but may be signed under direct acquiring agreements): InternetBased on our evaluation, the best high-risk merchant account providers are: Best overall (and most versatile): PaymentCloud. Terminated. Match List of Merchant Accounts. • Must be located within the acquirer’s jurisdiction. Resources. 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. The basic idea of MATCH list and TMF is same…The MATCH list or TMF (Terminated Merchant File) is the lowest state a merchant can be in. Documents to Obtain a TMF Merchant Account. The Terminated Merchant File can devastate a business, and once your merchant account has been terminated and you are placed on the list you can have a nearly impossible time finding another merchant account. If you have been placed on Terminated Merchant File (TMF) or Member Alert to Control High Risk Merchants (MATCH), we can help. As many of you know, getting a tmf is a death sentence for merchant stores like mine because pretty much any processor you try to apply to in the future, sees this tmf file, and won't touch you with a ten foot pole. Furthermore, if you have any questions about the information or you need help or securing a high-risk merchant accoun t give us a call at +1 888-253-9692. Furthermore, in this article, we will. com is legit and safe to use and not a scam website. Just googled that. According to reports, this is the highest growth rate in a decade and is nearly two times more. Quarterly PCI scans , administered by an approved scanning vendor, may. If so, you will have trouble acquiring a merchant account with reasonable rates if at all. Include Keywords. The Terminated Merchant File is a shared online list among processors and acts as a blacklist scrubber, where merchants with high risk. This will provide acquirers with the opportunity to develop and review enhanced or incremental. The worst thing that could happen to a merchant is being placed on the MATCH list. 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. It is. The MATCH list (previously referred to as the Terminated Merchant File or TMF) is a database identifying merchants who have had their payment processing. Step 1. 75 on that transaction. Once a merchant lands. It’s also known as the Terminated Merchant File (TMF). For Mastercard, this data repository is known as the MATCH list. It serves as a list of blacklisted merchants and prevents them from opening a new merchant account from a different credit card processor than their previous institution. Termination. The Terminated Merchant File (TMF) is a database of merchants that financial institutions have marked as high-risk. Some of the coded reasons provided by MasterCard as to why you could be listed as a Terminated merchant account are explained below. Or better yet - look for a merchant account provider with no long-term contract or ETF. The terminated merchant file is basically a list of all merchant accounts that have been banned from doing any type of credit card processing in any way shape or form. High fraud ratios. Businesses, especially high-risk businesses , are placed on the MATCH/TMF list by engaging in fraudulent activity, defaulting on debt, accumulating too many chargebacks, or. It contains information about merchants and their principals whose credit card processing privileges have been terminated for cause. The primary reason why your business may end up in the terminated merchant file is due to excessive and repetitive. (c) not be listed on the VISA Terminated Merchant File, MasterCard MATCH, or any other prohibited merchant list. Clause: Terminated Merchant File. Terminated Merchant File Garya. When your electronic payments acceptance is at – risk and the life of your business hangs in the balance. who do not have a traditional acquiring relationship. Jurisdiction. It is called the MATCH list for Mastercard and American Express. After submitting the application, merchants will need to submit the following items to underwriters: A valid, government-issued ID, such as a state-issued driver’s license. This list keeps track of businesses with a credit card processing account that’s been terminated by an acquiring bank. The MATCH (Member Alert to Control High Risk Merchants) record was developed by Mastercard as a way of compiling info on business and their owners regarding if their merchant accounts have been terminated. TMF/Match Problem, you may or may not have been informed that your Merchant Account is on 100% reserve before being terminated!. The purpose behind MasterCard creating this list was to “identify a potentially high-risk merchant before entering into a merchant agreement”. Fastest application process: Soar Payments. 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. It is also known as a TMF or the MATCH list. 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. Billing and Collection Customers; Receivable Files Complete; Complete Servicing File; Client. This information helps other businesses avoid working with merchants that may be high-risk. It is also known as. 4. This list was initially created by MasterCard to help ISOs and acquiring banks in their underwriting process. Besides, legal issues can be created for assisting criminal organizations. Inquire against the MATCH database. Our Services. Under rules covering the Visa/Mastercard Terminated Merchant File rules, it may take years to have your merchant accounts up and running again. 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.