• Must be located within the acquirer’s jurisdiction. 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. And once a merchant is on the list, it can be very taxing to get a new merchant account from another bank. 4. Most high-risk merchant accounts are terminated within the first three months of their existence. 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. Difficulty obtaining a new merchant account: Most merchant service providers will be hesitant to work with businesses on the MATCH list, as they are considered high-risk merchants. It is true, but there is such a thing as a merchant account blacklist. The TMF list is used by credit card processors to determine whether they should provide a merchant with a merchant account. 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. Previous company financial failure. They may even offer guaranteed merchant account approval. Each merchant on the list receives a numerical code that indicates the reason for them being on it. 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. Most high-risk processors charge percentage and flat fees on top of the interchange rate (the fee that goes to the credit card providers). The terminated merchant file (TMF) or TMF HIGH RISK MATCH list is used by credit card companies to screen potential merchants. Based on the information provided, the acquirer will decide whether or not to approve the new merchant account application. Check to ensure your name or the name of your business does not appear on the MATCH list. 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. Mastercard created the MATCH list to better catalogue and track high-risk businesses. 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. The Terminated Merchant File is a shared online list among processors and acts as a blacklist scrubber, where merchants with high risk. So my last processor made the rash decision to place a tmf file (terminated merchant file) on my account. 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. The payment gateway is usually provided in conjunction with the merchant account but it is a separate service. Click on the Online Form link next to your certification. Whenever you see TMF, Terminated Merchant File, MATCH (in all caps), MATCH-listed, or Merchant Alert to Control High-Risk, it’s all referring to the same document. If you find this last advice redundant, you haven’t spent much time in high-risk processing. run, or a previous business you were associated with, is listed on MATCH or another terminated merchant file operated by the card networks. Merchants wind up on the MATCH list for a variety of reasons, including: Excessive chargebacks. These lists are used by acquiring banks to identify. To put it plainly, the terminated merchant file is a list of merchants who have been blacklisted for transactions that land them outside the standards agreed upon for the service. Define Terminated Merchant. 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. Next. 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. It is called either a Terminated Merchant File (TMF) or MATCH (Member Alert to Control High-Risk). 56 (Ubuntu) Server at Port 443Businesses may have been terminated and put on the list for the following reasons: Fraud; Merchant collusion; Laundering; Excessive chargebacks; And more; It is not impossible to get a merchant account if you’re on the MATCH list. • Must be located within the acquirer’s jurisdiction. MATCH (Member Alert to Control High-risk Merchants), also commonly called the TMF (terminated merchant file) list, is a database of merchants that includes a lot of information on merchants who have applied for, or accepted credit cards. Formerly referred to as the Terminated Merchant File (TMF). 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. #1. Browse. For most companies, that’s enough to put them out of business. The list is of those with have breached their terms and term held with with buyers and, in turn, their connection got been excluded. Failure to Pay Final Bill – Another reason for being listed on the TMF, if you have failed to pay your final bill, it could be as simple as mending your fences with the company by taking care of your debt. (All contracts in excess of $10,000) Pursuant to the above, when federal funds are expended by ESC Region 8. Durango Merchant Services: Best for eCommerce merchants. 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. PCI Compliance Structure. 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. • Must be located within the acquirer’s jurisdiction. Then, out of nowhere, you get a notification about the closure of your merchant account. 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. The What, Who, How, and Why of the Terminated Merchant File. MATCH searches the database for possible matches between the merchant information provided in the inquiry and information. The. Jul 17, 2021 Woocommerce Security Woos. Terminated Merchant File. They are as follows; Match List Reason Codes. When filing a UCC-3, only make one change at a time. Contract Type. An occurrence that results, directly or indirectly, in the unauthorized access to or disclosure of Account data. Processors can add and search for information about up to five principal and associate business owners per merchant. The terms “Terminated Merchant File (TMF)” and “MATCH list” are often used interchangeably, but they’re a bit different. UCC-3 important points. Overview. . Common Point of Purchase. Being placed on this list means that your merchant account has been terminated. Furthermore, in this article, we will. Terminated Merchant File (TMF) by NMA. • Must be located within the acquirer’s jurisdiction. The Terminated Merchant File (TMF) is an older list relaunched as MATCH. Merchants whose merchant accounts fall under the. 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. Contracts. I have been put in a. 6), 2. American Merchant Systems can help. 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. Rating: 1. That way, they won’t obtain. 4. 7. Email : amslv@cox. In the world of payment processing, the terms TMF and MATCH are often used interchangeably. The Terminated Merchant File is a list of businesses that Visa and Mastercard keep track of. 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. Acquiring banks also have the capability to include or remove you to or from the MATCH data source. In this situation, we will not be able to. Getting on the TMF list is the equivalent of getting. 4. Payment capture comes after authorization; at this point, the payment is effectively "settled," and the transaction is over. There are a number of disqualifying acts that will place merchants on the TMF list. As a result, the banks tend to take a look at the reputation maintained by business entities before offering merchant accounts to them. It serves as a list of blacklisted merchants and prevents. Key Points: Stripe often terminates or freezes merchant accounts without warning or explanation, leading to account closure and held funds. Termination Inquiry API allows Acquirers to identify Merchants and Agents terminated by other Acquirers and pull the termination details directly from the Terminated Listing Database. It is possible to get your business’ operations back on track. • 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 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. the acquirer on behalf of the sponsored merchant. 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 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. 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. A termination is a public notice and record that the secured party no longer has interest in the collateral. Additional filters are available in search. It contains information about merchants and their principals whose credit card. Merchant Services Organizations keep payment processing information file, which contains data recorded by banks. Terminated Merchant File (TMF) is a general term for a merchant blacklist such as the MATCH List. 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. How Merchants Get On the List. Terminated Merchant File. 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. For example, services are considered a higher risk compared to physical products. 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. They include the following: Instead of letting your domestic account to restrict your business, get a high volume merchant account with us. High fraud ratios. 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. Ask questions. Twitter. The primary reason why your business may end up in the terminated merchant file is due to excessive and repetitive. 9% + $0. Related to Combined Terminated Merchant File. 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. If the standards are breached, the merchants identification number is added to the TMF. Terminated Merchant Files. MATCH stands for “Merchant Alert To… Today, most high-risk merchants live in fear of being placed on “The List. Ask questions. Communicate Proactively. How? For starters, rethink whom you do. Why is this list important? Acquiring banks use the list to screen potential. It’s basically an eCommerce list that warns other financial institutions. • Cannot be listed on the Terminated Merchant File (TMF), or similar files. The review of terminatedmerchant. 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. 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. It is called the. 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. Code:Merchant expressly agrees and consents to such reporting if Merchant is terminated for any reason requiring listing on the MATCH file. It is also known as the MATCH (Member Alert to Control High Risk) list. 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. - They will have an instant source of income. MATCH is used to verify if you have had a merchant account terminated in the past. One-Stop Solution From 5 Star Processing. • Cannot act as a sponsor for another Payment Facilitator. Jurisdiction. 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). 40. 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. What Is the Mastercard MATCH List? The MATCH list keeps track of merchants deemed to pose an unacceptable level of risk. Being on the MATCH list won’t cause you to lose any. Frozen or Terminated Merchant Account. 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. A Terminated Merchant File is a tool used by credit card processing companies to screen potential merchants before giving them a merchant account. We understand the complexities in high risk merchant processing very well. If your business is on this list, you’ll likely not be able to open a merchant account for a minimum of 5 years. Approvals of future applications for merchant account are highly unlikely for merchants in this list. When your business is in a high-risk industry it really pays to do your research and find a quality processor. Some people still refer to this list by its former names, the Terminated Merchant File (TMF) or the Combined Terminated Merchant File (CTMF). Payment Gateway Processor:. • Cannot act as a sponsor for another Payment Facilitator. 8. Usually, this happens when the business’s merchant account gets added to the Match List. Terminated Merchant Files. Being listed on the TMF match list can make it difficult for merchants to obtain new merchant accounts or payment processing services, as it. Have been added to the MATCH list over five years ago. 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. Request them to give you the reason and reason code under which you were added to the MATCH. Excessive chargebacks are the most common reason for being on the MATCH list, but other causes include security issues, illegal activity, bankruptcy, identity theft. Related Clauses. The way the rules are written by MasterCard, you don't have a direct. 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. To change: To add your location to the store locator search click the checkbox under the Opt-In column. This blacklist further cements my inability to attain another merchant account through my own bank (who refused after they heard about the TMF). Acquirers and processors can reference the list to help determine the risk factor of a potential new client. 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. Include Keywords. You can search the Mastercard MATCH. Country. Home; Practice Areas. Quora User. If the interchange for a Mastercard is 2. 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. The MATCH system is also known as the. TMF Terminated Merchant File is another term, which is coined by Visa is just a synonym of MATCH. Once. 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 is essentially a blocklist for credit card processing. When you apply for a merchant account, the bank will check to see if you are on the Terminated Merchant File (TMF). This list is handled by MasterCard and acts as a resource for all the acquiring banks to identify businesses that have had their merchant. If caught, any funds that are in the pipeline to be paid from prior transactions will be frozen during an investigation. Some of the coded reasons provided by MasterCard as to why you could be listed as a Terminated merchant account are explained below. Once a. Merchants on the receiving end of a terminated merchant account are often placed on the TMF MATCH list. 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. A terminated merchant file ( TMF) is a tool used by credit card processing companies to screen potential merchants before giving them a merchant account. Terminated Merchant File. • Cannot be listed on the Terminated Merchant File (TMF), or similar files. 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. The problem with this is, once you are on the TMF list, you will most likely *not* be able to get approved for another merchant account, and it is very difficult to be removed from. Unfortunately, any business that appears on the MATCH list is almost guaranteed to be denied a merchant account. Account data is stolen at the Merchant and then used for fraudulent purchases at other Merchant locations. 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. S. Businesses unfortunate enough to make this list are essentially blackballed by many financial institutions. Recent Stories. Acquiring banks also have the capability to include or remove you to or from the MATCH data source. Dealing with a TMF can be a frustrating situation, but there are steps you can take to hopefully address it: Involve a lawyer: A lawyer can represent you and escalate the matter faster. Previously Terminated Merchants. Since 1994, BankCardLaw has built relationships and achieved business – saving results in electronic payments and merchant credit card account matters. This means the merchant will find it harder to find a payment processor who will work with them. Remove Advertising. This can include excessive chargebacks or excessive fraudulent transactions; noncompliance with PCI-DSS (payment card. A merchant account for terminated merchants allows businesses continuity even if they were previously put on a TMF by a credit card processor. 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. API. Open 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. USP-NF means the current edition of the United States Pharmacopeia-National Formulary. net Call us : 702-456-1116American 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 machines. Being listed on the TMF or MATCH file can put a merchant out of business. If you are in an impossible situation, don’t. This list is called the Terminated Merchant File (TMF), or Member Alert to Control High-Risk (MATCH) list. 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. 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. Banks and. The purpose behind MasterCard creating this list was to “identify a potentially high-risk merchant before entering into a merchant agreement”. 4. 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. Country. Unfortunately once a merchant is placed on the list, it is cumbersome to get off it. ” The MATCH, also known as Terminated Merchant File (TMF), alerts account providers to any applicants who have had an account terminated. 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 MATCH list, also called the Terminated Merchant File. Should Merchant do so, Bank or NP may immediately terminate this Agreement, have all funds placed into a Reserve Account pursuant to Section 15 below and be placed on the “Combined Terminated Merchant File” as required by the Rules. Apply to a direct merchant account and use Authorize. In 2020, U. We are currently able to locate over 10 Cliq negative reviews, some of which accuse the company of being a ripoff or a scam. In 2005, it evolved into the. that tracks merchants who have had their merchant accounts terminated due to a variety of high-risk factors. (c) not be listed on the VISA Terminated Merchant File, MasterCard MATCH, or any other prohibited merchant list. The MATCH list, which was previously referred to as the TMF list, is a database containing a record of merchants who have had their merchant accounts terminated by other processors and financial institutions. [2] The terminated merchant files are shared among processors and act as blacklists, where merchants with high. 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. 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. 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. Terminated Merchant File Garya. Mastercard combined the MATCH list with the TMF listing (Terminated Merchant File), making the lists interchangeable. Merchants belonging to the MATCH often face more difficulty in obtaining a merchant account or payment processor. BankCardLaw is a premiere provider of customized electronic payments legal services. Landing. All processing banks are needed to utilize MATCH. An acquiring bank maintains a merchant’s bank account and, as a. Formerly known as the Terminated Merchant File (TMF), the MATCH list contains information about businesses whose card processing. There are many benefits that you will enjoy by having a high volume merchant account with us. What Is The Dreaded TMF File. Your name/business can be removed as soon as a week after the payment has been received. This list was initially created by MasterCard to help ISOs and acquiring banks in their underwriting process. Exclude Keywords. A terminated merchant file (TMF) is a tool used by credit card processing companies to screen potential merchants before giving them a merchant account. savur. A merchant account termination was the last thing on your mind. About This Guide Visa Global Acquirer Risk Standards: Visa Supplemental Requirements 1 October 2018 Visa Public 1 Notice: This is VISA PUBLIC information. Prepaid Calling Cards. Closed because of changes in Risk policy at the bank. The BBB does not maintain a profile for Payment Cloud currently, but CPO gives the company an “A”. TMF, MATCH file, and GNF: One of the most challenging things a merchant faces is going on the blacklist by the credit card companies, such as Visa/ Mastercard. 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. Under rules covering the Visa/Mastercard Terminated Merchant File rules, it may take years to have your merchant accounts up and running again. What is MATCH file? MATCH file is an acronym for Member Alert to Control High-Risk. Billing and Collection Customers; Receivable Files Complete; Complete Servicing File; Client. All processing banks are required to use MATCH. A Terminated Merchant File (TMF) is like a blacklist for businesses that handle credit cards. (All contracts in excess of $10,000) Pursuant to the above, when federal funds are expended by ESC. Good news, though – you no longer have to worry about getting off the TMF list since the more comprehensive MATCH list replaced it. It seems that terminatedmerchant. Total. Jurisdiction. In addition, noncompliance can lead to your company being placed on the Visa/ MasterCard Terminated Merchant File (TMF). Terminated merchant accounts are an important aspect of this information. A merchant file is simply a record of a merchant and whether they’re considered in good standing. These days it’s called the MATCH list as well (Member Alert to Control High-risk). Be compliant. 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. Published on March 1, 2014. In the case of. [2] The terminated merchant files are shared among processors and act as blacklists, where merchants. Payments discovers that you havebeen factoring drafts, your Merchant Agreement may be terminated and your name may be placed on the terminated merchant file with MasterCard, Visa and Discover, which could make it impossible for you to ever obtain another merchant account with any other processor. Have been added to the list by mistake (SRP, Rule 11. Higher fees and stricter terms : If a merchant is able to secure a new account with a high-risk provider, they will likely face higher credit card processing fees. This was a 31. Terminated Merchant File list . All payment processors must check these databases when accepting a new user,. The. The terminated merchant files are blacklists shared among processors. 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. 3. 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. Merchant will also immediately cease requesting Authorizations. (SRP, Rule 11. That way, they won’t obtain. If a merchant is placed on the TMF list, it can be extremely difficult for them to find a processing solution for future. Account Data Compromise. TMF used to. 4 billion. You can pre-negotiate it out of the contract. Landing on the TMF is the ultimate consequence of excessive chargebacks. 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. 623-321-4699 Menu. Even if you think you know the reason for the account cancellation, make sure you ask. The merchant’s name will remain on that list for five years. 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. Surviving the termination of a merchant account. 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. Every single chargeback debit from his account cleared, and he owes them nothing. Open Search. Much like you may have a credit check run on you when you apply for a loan or new credit card, a TMF can be used to determine whether or not a business should be able to get a. Today, the terms “MATCH list” and “TMF list” are still used interchangeably, even though the TMF list no longer applies. There are several common ways merchants end up on the Terminated Merchant File (TMF), or “MATCH (Member Alert to Control High-Risk). There are a number of different names for this list, including the TMF List, Terminated Merchant File Match List, Mastercard Match List, and more. 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. Setting up a new merchant account is a time-consuming process full of screenings, rules, regulations, and laws that must be adhered to. 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. Linkedin. 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. 60 just to take the money. . If you have trouble securing a traditional account why not go for one of the High Risk Merchant Accounts or one of the Offshore Merchant Accounts available. When your electronic payments acceptance is at – risk and the life of your business hangs in the balance. The merchant can use preventive measures to avoid getting into the Terminated Merchant File or Member Alert To Control High- Risk. This list keeps track of businesses with a credit card processing account that’s been terminated by an acquiring bank. A high-risk merchant account is a label your payment processor has given your business. Businesses unfortunate enough to make this list are essentially blackballed by many financial institutions. Possibly the most reliable way to avoid complications with your merchant account is to ensure. When acquirers add a merchant to the TMF, it marks that business as a risky venture, warning other acquirers from doing. If you want to know more about TMF List Terminated Merchant File, then simply visit our website. Search. At some point, TMF (terminated merchant file) is still a most common terminology and there are still some people who are referred by the list name. Whenever possible, it’s best for a merchant to avoid freezes and terminations altogether. 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. Overall, PCI payments compliance includes four clearance and category levels, numbers one. If an acquiring bank terminates the relationship with a merchant, then one should not be put on the list. While it is possible to find a TMF merchant account with a company familiar with the issues involved (i. The MATCH system is sometimes referred to as the Terminated Merchant File (TMF). Usually offers tiered pricing to bad credit merchants. It has gradually replaced the Terminated Merchant File (TMF), an older system that is being phased out. 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. A concluded merchant store (TMF) is a.