Reporting is mandatory if the merchant is terminated for credit or debit. • Cannot be listed on the Terminated Merchant File (TMF), or similar files. 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. Inquire for terminated merchants. 0800 304 78 75. ” “The List,” of course, is the MATCH/TMF list. The MATCH List Is a Blacklist. It is called either a Terminated Merchant File (TMF) or MATCH (Member Alert to Control High-Risk). 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. Terminated Merchant File list . When a business's merchant account is terminated, the reason why is typically recorded in the merchant's file. especially those added to the terminated merchant file (TMF) or flagged with a member alert to control high-risk merchants. The Terminated Merchant File (TMF) has a sole purpose of preventing listed merchants from creating new merchant accounts with different acquirers, using credit card processors and using Visa merchant services. Msg#:655572 . It contains information about merchants and their principals whose credit card processing privileges have been terminated for cause. 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. Best for chargeback monitoring: SMB Global. 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. Overall, PCI payments compliance includes four clearance and category levels, numbers one. Country. Search. Introduction to Terminated Merchant File (TMF) or MATCH List. the acquirer on behalf of the sponsored merchant. If the chargeback ratio by transaction gets too high, acquiring banks tend to close their clients’ accounts and put them in the TMF (Terminated Merchant File). Merchant accounts can be difficult to obtain and can be suddenly closed down for a variety of. It was created by. 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. 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. PaymentCloud: Payment Cloud is a good option for TMF/MATCH merchants in all industries. The Terminated Merchant File (or “TMF” or “MATCH List”) is a log of merchants maintained by Mastercard. 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. Even if you’ve never been on the dreaded Terminated Merchant File (also known as MATCH) list, you need to take measures to ensure that you don’t end up on it. Account data is stolen at the Merchant and then used for fraudulent purchases at other Merchant locations. Resources. Therefore, TMF list removal is as crucial as MATCH list removal. If you have been recently turned down for a merchant account because you or your business is on the MATCH or TMF list, this term refers to the Terminated Merchant File (TMF), the Member Alert to Control High-Risk Merchants (MATCH), or the Combined Terminated Merchant File (CTMF). Every single chargeback debit from his account cleared, and he owes them nothing. EMB), you still. All payment processors must check these databases when accepting a new user,. Based on the information provided, the acquirer will decide whether or not to approve the new merchant account application. Merchant will also immediately cease requesting Authorizations. Usually filed prior to the five-year lapse date. Different banks have unique chargeback thresholds, so the specific. I made a call with the client to the merchant security department and they simply said that the account was closed for excessive chargebacks, and that there was no. 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. • Excluded merchant types (but may be signed under direct acquiring agreements): InternetTMF (Terminated Merchant File): A “black-listing” of merchants that have had a merchant account terminated for violating a merchant agreement. The key participants in this model are the acquirer, payment facilitator, and sponsored merchant. Code 01: Comprise of account data: if you unintentionally or unknowingly facilitated by whatever means, the use or disclosure. Related to TERMINATION AND COMBINED TERMINATED MERCHANT FILE. BankCardLaw is a premiere provider of customized electronic payments legal services. Contract Type. That means that you probably won’t be able to find another processor anytime. 5:07 pm on Apr 1, 2005 (gmt 0) Anybody knows Is it possibly to find TMF somewhere in Net? blaze. So my last processor made the rash decision to place a tmf file (terminated merchant file) on my account. Otherwise known as the MATCH (Merchant Alert To Control High-Risk) list, the Terminated Merchant File or TMF list is a list compiled and managed by MasterCard, of business owners. 4), or 3. All the dishonest companies would just start a new company with a differnt set. Arguably the most impactful potential consequence of PCI non-compliance is winding up on a Terminated Merchant File (TMF). For example, services are considered a higher risk compared to physical products. Since 1994, BankCardLaw has built relationships and achieved business – saving results in electronic payments and merchant credit card account matters. MERCHANT EXPRESSLY ACKNOWLEDGES that a Combined Terminated Merchant File ("CTMF") is maintained by Visa and MasterCard containing the business name a. Most high-risk processors charge percentage and flat fees on top of the interchange rate (the fee that goes to the credit card providers). TMF Terminated Merchant File is another term, which is coined by Visa is just a synonym of MATCH. [2] The terminated merchant files are shared among processors and act as blacklists, where merchants. Credit card processing companies use a terminated merchant file (TMF) to check out potential merchants before giving them a merchant account. 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. I am creating a new incorporated company, however my partner has mentioned that she may be on the Terminated Merchant File as of the spring of 2006. It is also known as a TMF or the MATCH list. (All contracts in excess of $10,000) Pursuant to the above, when federal funds are expended by ESC. The TMF list is an older term that’s not used much today. Get A Quote. What is the MATCH list? On the surface, it sounds like something positive. Main page; Contents; Current events; Random article; About Wikipedia; Contact us; DonateObligees considering termination should keep in mind that the law does not favor forfeiture; as such, a terminating obligee will put itself in a better position to successfully call upon the surety and, ultimately recover its losses, if it does not terminate the contractor hastily and without a record that reflects the merits of the termination. Acquirers and processors can reference the list to help determine the risk factor of a potential new client. It is mostly a list of businesses and owners whose credit card processing privileges were terminated. Recent Stories. Click on the Online Form link next to your certification. When a bank considers whether or not to accept you for. Consequences of chargebacks on merchant businesses The Big Three of credit card networks (Visa, MasterCard, and American Express) supervise their merchants’ chargeback ratios. When a merchant account was terminated by Mastercard, the company was considered blacklisted and its name was added to a Terminated Merchant File (TMF). 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. It is. 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. Email : amslv@cox. Place a call at the toll-free number +1 (727) 330-3944 or try. Contract Type. Abbreviation is mostly used in categories: Dealer Merchant Accounting Card Business. When you apply for a merchant account, the bank will check to see if you are on the Terminated Merchant File (TMF). Unlock Your Business Potential: Overcoming TMF Challenges with Expert TMF Merchant Consulting Services. Found 1 result(s) for your search. 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. *. It contains information about merchants and their principals whose credit card. Payment capture comes after authorization; at this point, the payment is effectively "settled," and the transaction is over. Terminated merchant accounts are an important aspect of this information. Merchants and businesses that wind up on Terminated Merchant Files or Match lists don’t all deserve to be there. 2. Just like setting up an original or new merchant account, opening a replacement merchant account is a process but a more involved one. MATCH is very important for the member banks because it helps in assessing risk before any merchant is signed. 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. 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. Credit Processing for TMF/Match List Merchants. Merchants wind up on the MATCH list for a variety of reasons, including: Excessive chargebacks. While it is possible to find a TMF merchant account with a company familiar with the issues involved (i. Even if you think you know the reason for the account cancellation, make sure you ask. How to Prevent Merchant Account Holds and. 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. . This level is for small businesses processing less than 20,000 eCommerce transactions and less than 1 million other transactions each year. 2014 Portable Rotary Screw Compressor Atlas Copco XAVS 400 CD7 400 CFM / 200 PSI 225 PSIG Max Final Pressure mfg date 9/2014 Hours: 2414 Location: Indiana. Filter & Search. • Must be located within the acquirer’s jurisdiction. Step 1. Terminated because of change of AUP (Acceptable Use Policy) at the bank, meaning that the merchant is now outside of account criteria. The Terminated Merchant File (TMF) and Member Alert To Control High-Risk merchants list of MasterCard (MATCH List) are lists maintained by major credit card brands to inform member banks of merchants that have been terminated for cause or other wrongdoing. Unfortunately, any business that appears on the MATCH list is almost guaranteed to be denied a merchant account. Once a. The best solution is to avoid the early termination fee (ETF) before entering a merchant account agreement. 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. 08/15/2023. This list is handled by MasterCard and acts as a resource for all the acquiring banks to identify businesses that have had their merchant. You will find that when you call Mastercard, you'll be given the runaround, and the ball rolls much slower. Additional filters are available in search. Define Terminated Merchant. Visa or MasterCard processing banks or the acquiring banks use it in identifying specific principals and merchants that have been terminated. Terminated Merchant File. I have been put in a circlular go no where file. A few weeks later, I had signed up for two new merchant processing accounts and Steve had sent me $1,000. To obtain a TMF merchant account, businesses must begin by filling out EMB’s simple online application. 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. 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. Country. Fraud. Merchants remain on the list for five years and can only be removed by the same bank that added them to the list. Open Search. MATCH searches the database for possible matches between the merchant information provided in the inquiry and information. ” There are, in fact, precisely 14 listed reasons that a merchant can get tagged with one of these designations. 60 just to take the money. 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. TMF Terminated Merchant File is another term, which is coined by Visa is just a synonym of MATCH. ago. The best solution is to avoid the early termination fee (ETF) before entering a merchant account agreement. The thing is that all acquiring banks and credit card processors can access this list and check whether you’re on it. 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 blacklist further cements my inability to attain another merchant account through my own bank (who refused after they heard about the TMF). Or better yet - look for a merchant account provider with no long-term contract or ETF. The MATCH system is also known as the. The chances are slim to none of getting approved once your name hits the list. The purpose behind MasterCard creating this list was to “identify a potentially high-risk merchant before entering into a merchant agreement”. When a business is placed on the MATCH list, they get their accounts terminated. ” The MATCH, also known as Terminated Merchant File (TMF), alerts account providers to any applicants who have had an account terminated. Your name/business can be removed as soon as a week after the payment has been received. Blog / MATCH list. The Terminated Merchant File or TMF list is a list of business owners (merchants) whose accounts have been terminated in the past 5 years for any sort of activity that causes the account holder to appear to be a bad risk. 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 functions as a database that compiles information about businesses and business owners whose accounts have been terminated for a variety of. 9% + $0. Why is this list important? Acquiring banks use the list to screen potential. TMF means Terminated Merchant File. Language links are at the top of the page across from the title. It is regarded as a national database related to merchants and their principal owners whose accounts have been terminated for this or that reason. When your business is in a high-risk industry it really pays to do your research and find a quality processor. 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). Open Split View. There are a number of different names for this list, including the TMF List, Terminated Merchant File Match List, Mastercard Match List, and more. Businesses on the MATCH list have had merchant accounts terminated previously or deemed a significant risk for payment processors. All payment processors must check these databases when accepting a new user,. Wednesday, October 18, 2023. All positive MATCH responses are thought about “possible matches” because the search mechanisms can not guarantee a real and exact match with absolute. According to a chargeback report, the projected costs of chargeback for 2023 are estimated at $117 billion, with around $79 billion as merchant losses. 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. American Merchant Systems can help. If caught, any funds that are in the pipeline to be paid from prior transactions will be frozen during an investigation. Ogden and BankCardLaw in 1994. This information has been aggregated into the file known as the MATCH List (Merchant Alert To Control High-Risk). How? For starters, rethink whom you do. This warns potential service providers that this merchant is extremely risky. Total. What Is The Terminated Merchant File Mar 19, 2018 Crypto Currency In The Payments Space Jan 28, 2018 Small Business Payments In 2018 Jan 15, 2018 Marijuana Laws | Walking the Fine Line Weed. Durango Merchant Services: Best for eCommerce merchants. It is vital to contact Stripe customer support and consider partnering with another payment processor if funds are held. kassius79 • 2 mo. When a merchant account is terminated due to some reason, themerchant gets added to the MATCH list or Terminated Merchant File (TMF). According to reports, this is the highest growth rate in a decade and is nearly two times more. This list is called the Terminated Merchant File (TMF), or Member Alert to Control High-Risk (MATCH) list. The What, Who, How, and Why of the Terminated Merchant File. We service ALL high risk industries AND all merchants that have been terminated by their current credit card. The company’s products and services include point-of-sale solutions, mobile phone swipers, an online payment gateway and virtual terminal, EMV-compatible. Merchants are added to the file if any of their MIDs are canceled for breaching standards set by the card schemes. Best for online and international sellers: Durango Merchant Services. New York. After a quick internet search, you find a provider offering “instant merchant account approval” for high risk credit card processing. search, campaigns. This can include excessive chargebacks or excessive fraudulent transactions; noncompliance with PCI-DSS (payment card. TMF/Match Problem, you may or may not have been informed that your Merchant Account is on 100% reserve before being terminated!. Best for chargeback monitoring: SMB Global. This refers to a database file commonly called the Terminated Merchant File or simply TMF. We are the leading High Risk Merchant Account provider. The payment gateway is usually provided in conjunction with the merchant account but it is a separate service. 2%, you’ll pay 7. Payment processors check MATCH for each new potential account to mitigate their own risk and keep their business safe. [1] In the case of Mastercard and American Express it is known as the MATCH list. TMF, MATCH file and GNF:. It is true, but there is such a thing as a merchant account blacklist. Whether you are. Payment processors check MATCH for each new potential account to mitigate their own risk and keep their business safe. 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. The way the rules are written by MasterCard, you don't have a direct. That way, they won’t obtain. 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 list is also known as TMF, or Terminated Merchant File. MATCH and Terminated Merchant File (TMF): “Member Alert to Control High Risk Merchants” (otherwise referred to as “MATCH”) is a listing service subscribed to by Merchant Service Providers to alert them when an existing merchant account is not in good standing. • Cannot be listed on the Terminated Merchant File (TMF), or similar files. Jurisdiction. Exclude Keywords. TMF is short for “Terminated Merchant File” and MATCH stands for “Member Alert to Control High Risk. the acquirer on behalf of the sponsored merchant. 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. . MasterCard, in general, puts the. Additional filters are available in search. Best Merchant Accounts for Terminated Merchant Files: 1. Table of Contents Visa Global Acquirer Risk Standards: Visa Supplemental Requirements vi Visa Public 1 October 2018 Notice: This is VISA PUBLIC information. 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. Company Termination Fee means an amount equal to $1,000,000. Acquiring Banks consult this list when determining whether or not to extend a merchant account to a given business, and in most cases these banks. 623-321-4699 Menu. that tracks merchants who have had their merchant accounts terminated due to a variety of high-risk factors. 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. This approach is especially risky because there is a chance that entrepreneurs caught lying to their banks and the card networks could be put on a blacklist known as the Terminated Merchant File (TMF). The MATCH list or the Terminated Merchant File (TMF) is a list of merchants who have previously had their merchant accounts terminated for one of the reasons listed below. It’s basically an eCommerce list that warns other financial institutions. The worst that can happen to an online business is a termination of its merchant account. The MATCH list, also called the Terminated Merchant File. 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. • Cannot be listed on the Terminated Merchant File (TMF), or similar files. The Terminated Merchant File (TMF) (also called the "MATCH File" or "Match List") is a digital file (database) containing information about merchants, and merchant business info, who have had their merchant account services terminated - essentially the TMF is the merchant processing industry's blacklist. Related Definitions. This blacklist is famously known as. MATCH is used to verify if you have had a merchant account terminated in the past. Card networks, such as Visa and Mastercard, operate databases known as Terminated Merchant Files (TMFs) that contain information about accounts that have been closed. Does anyone really know about Terminated Merchant File TMF, Chase Pamentech has balcklisted me. 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. 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. PCI Compliance RequirementsAfter weeks of fueding, they placed my company on the Match List/ Terminated Merchant File (TMF). Being on the MATCH list shows that your business caused so many problems that your Merchant Account was terminated and. You are blacklisted in the Terminated Merchant File (TMF). About This Guide Visa Global Acquirer Risk Standards: Visa Supplemental Requirements 1 October 2018 Visa Public 1 Notice: This is VISA PUBLIC information. The Mastercard MATCH list is essentially just a newer, rebranded version of the TMF, thus many use these terms interchangeably. A merchant account for terminated merchants allows businesses continuity even if they were previously put on a TMF by a credit card processor. The primary reason why your business may end up in the terminated merchant file is due to excessive and repetitive. 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. As the name implies, businesses are included in the file if any of their MIDs are canceled due to… Open in appThe Terminated Merchant File (TMF) and Member Alert To Control High-Risk merchants list of MasterCard (MATCH List) are lists maintained by major credit card brands to inform member banks of merchants that have been terminated for cause or other wrongdoing. • Must be located within the acquirer’s jurisdiction. The positive trust score is based on an automated analysis of 40 different data sources we checked online such as the technology used, the location of the company, other websites found on the same web server. As the name implies, businesses are included in the file if any of their MIDs are canceled due to…The list is an updated version of the TMF list, also known as the Terminated Merchant File. TMF stands for terminated merchant file, whereas the MATCH list stands for Member Alert to Control High-Risk Merchants. Click on the TPS or IIAS Certifications tab as appropriate. That way, they won’t obtain. (Terminated Merchant File) is a watch list that is maintained by MasterCard and is also accessed by Visa and American Express. Landing on the TMF file will make it impossible for them to open a merchant account in the future with any processor. Both lists operate similarly and contain information about merchant accounts. the acquirer on behalf of the sponsored merchant. Acquirers can check whether a merchant has already been terminated by another acquirer and learn the reason why using Mastercard's Alert to Control High-Risk Merchants. Jurisdiction. 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. 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. • Cannot be listed on the Terminated Merchant File (TMF), or similar files. The MATCH list (previously called the Terminated Merchant File, or TMF) is a master blacklist that Mastercard compiles and maintains. Being a trusted provider, we specialize in High Risk Merchant Accounts and Terminated Merchant Accounts. Dynamic merchant search: Designate regions/countries and use multiple fields to determine possible matches; Principal owner search: Add and search for information about up to five principal owners per merchant inquiry; Terminated merchant inquiry: Inquire about a merchant to find out if they have been previously added to MATCH The Visa® merchant aggregation model covers all commerce types, including the face-to-face and e-commerce environments, and helps to increase electronic payment acceptance for merchants. An occurrence that results, directly or indirectly, in the unauthorized access to or disclosure of Account data. You’re following the rules, and as far as you know, doing everything right. Whenever possible, it’s best for a merchant to avoid freezes and terminations altogether. USP-NF means the current edition of the United States Pharmacopeia-National Formulary. The TMF is a comprehensive database cataloging merchants whose accounts have been terminated due to reasons such as excessive chargebacks, alleged fraud, or non. Acquiring banks also have the capability to include or remove you to or from the MATCH data source. However, merchant accounts can become compromised for a variety of reasons. Search. Frozen or Terminated Merchant Account. This ID is assigned to you automatically, once you open a PayPal account. Termination may be caused by money laundering or deception and prevents accepting get cards as a form of payment. • Excluded merchant types (but may be signed under direct acquiring agreements): InternetThe Terminated Merchant or MATCH (Member Alert to Control High-Risk) file is used by Visa and MasterCard processing banks (the acquiring banks) to keep tabs on merchants and/or principals who had their Merchant Accounts terminated for cause. High fraud ratios. Acquiring Banks consult this list when determining whether or not to extend a merchant account to a given business, and in. Code:Merchant expressly agrees and consents to such reporting if Merchant is terminated for any reason requiring listing on the MATCH file. Msg#:655572 . If you’re on it, this means that another bank has. How to Stay Off the MATCH File June 4, 2008 Posted by Michael Brooks in Chargebacks, Industry Compliance, Risk and Fraud Management. MATCH requirements for processors. The merchant must apply for a high-risk merchant account with stiff processing fees, monthly fees, and restrictions. Any merchant seeking to do business via the internet must have an e-merchant account. Lowest Merchant Account Fees. 1 vote. 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. It is possible to get your business’ operations back on track. I have been put in a. A merchant account termination was the last thing on your mind. Card networks, how as Visa and Mastercard, operate databases known since Terminated Merchant Files (TMFs) that contains information about book that have been closed according credit card processors around aforementioned world for high chargebacks or violate of card type rules. • Cannot act as a sponsor for another Payment Facilitator. Customer channel termination point means the location where the customer either inputs or receives the communications. To be removed from the Mastercard MATCH list, a merchant must: 1. Getting added to the Terminated Merchant File can be a serious problem for your business as it could make it impossible to get credit card processing. Terminated Merchant Files. Removal is difficult and can be an extremely time-consuming process. The merchant’s name will also be added to the shared Terminated Merchant File (or TMF). 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. Facebook. Documents to Obtain a TMF Merchant Account. When a payment processor terminates a merchant file, they may submit that merchant’s information to the MATCH list. There’s a big TMF (Terminated Merchant File) list processors refer to when signing on new accounts for cross-referencing – to protect themselves, of course. 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. 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. 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. Laundering. 8. Merchants must first contact the acquiring bank that terminated the account. The TMF is the same thing as the MATCH list. Penny Auctions. Fastest application process: Soar Payments. 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. 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. They are as follows; Match List Reason Codes. We understand the complexities in high risk merchant processing very well. The simple way of putting it is that the file. PCI Compliance Requirementsthe acquirer on behalf of the sponsored merchant. We approve 95% of applicants! I. The MATCH List (Merchant Alert to Control High-Risk) is also known as the Terminated Merchant File (TMF). Previous company financial failure. Getting a MATCH result is a big deal that can prevent unaware merchants from opening a new merchant account and ultimately, processing payments. MATCH acts as an invaluable tool to assess the potential risk prior to approving a Merchant. Payment Capture. 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. [2] The terminated merchant files are shared among processors and act as blacklists, where merchants with high. 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. PCI Compliance Structure. Additionally, your merchant will likely be added to a file known as the Terminated Merchant File (TMF). Non-compliance. 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. The MATCH list is the same as the Terminated Merchant File (TMF), an older, more generic term. GNF, Group Negative File, is First Data’s internal list of businesses that they have had any. One-Stop Solution From 5 Star Processing. Check to ensure your name or the name of your business does not appear on the MATCH list. Terminated Merchant File and Match File. Good news, though – you no longer have to worry about getting off the TMF list since the more comprehensive MATCH list replaced it. Terminated Merchant Files (TMF) and 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. #3. 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. 5 billion in 2019. Some people still refer to this list by its former names, the Terminated Merchant File (TMF) or the Combined Terminated Merchant File (CTMF). Email : [email protected] simple answer: chargebacks. The MATCH list, also called the Terminated Merchant File. 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. Additional filters are available in search. Scroll down to the DBA section. If the interchange for a Mastercard is 2.