MATCH requirements for processors. ”. 0800 304 78 75 [email protected] Merchant Advice Service Ltd. MATCH is operated by MasterCard; TMF is operated by Visa. savur. Criminal Defense. MATCH searches the database for possible matches between the merchant information provided in the inquiry and information. Landing on the TMF file will make it impossible for them to open a merchant account in the future with any processor. PaymentCloud: Payment Cloud is a good option for TMF/MATCH merchants in all industries. A previous termination automatically puts you in the high-risk merchant. Unfortunately, any business that appears on the MATCH list is almost guaranteed to be denied a merchant account. You can search the Mastercard MATCH. 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. 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. An acronym for the Member Alert to Control High-Risk Merchants, MATCH is a powerful national database. The MATCH system is also known as the. Read out guide explaining why merchant accounts are terminated. This ID is assigned to you automatically, once you open a PayPal account. Filter & Search. MATCH is used to verify if you have had a merchant account terminated in the past. 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 chances are slim to none of getting approved once your name hits the list. Beyond your financial records, tax history, and credit score, some underwriters will also run a business search on your name and your. Merchant waives and will hold harmless Settlor from any claims that Merchant may raise as a result of Bank’s MATCH file reporting. A Terminated Merchant File is used by processing companies to screen merchant account applicants. 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. Finding out your merchant account has been closed is a serious setback, but it doesn’t have to be a permanent one. A Terminated Merchant File is used by processing companies to screen merchant account applicants. If you find this last advice redundant, you haven’t spent much time in high-risk processing. 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. (Terminated Merchant File) is a watch list that is maintained by MasterCard and is also accessed by Visa and American Express. Visa, one of the most popular card companies, maintains a database known as the TMF List (for “Terminated Merchant Files”). 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. For Mastercard, this data repository is known as the MATCH list. There are many benefits that you will enjoy by having a high volume merchant account with us. 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. When a payment processor terminates a merchant file, they may submit that merchant’s information to the MATCH list. 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. 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. 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. The. 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. Merchants on the MATCH or TMF (terminated merchant file) list; Merchants selling over 10% to international clients;. Two common, non-illegal causes for a high-risk merchant to wind up on these lists are failure to pay the final bill and high chargeback rates. com is positive. After all, you have been running a good business. Credit card processing companies use a terminated merchant file (TMF) to check out potential merchants before giving them a merchant account. Exclude Keywords. For most companies, that’s enough to put them out of business. Merchants must first contact the acquiring bank that terminated the account. A Terminated Merchant File is used by processing companies to screen merchant account applicants. Country. Additional filters are available in search. There are several common ways merchants end up on the Terminated Merchant File (TMF), or “MATCH (Member Alert to Control High-Risk). The. Usually, this happens when the business’s merchant account gets added to the Match List. Being a trusted provider, we specialize in High Risk Merchant Accounts and Terminated Merchant Accounts. 4. Approvals of future applications for merchant account are highly unlikely for merchants in this list. This will provide acquirers with the opportunity to develop and review enhanced or incremental. The Terminated Merchant File is shared among processors and acts as a blacklist, where merchants with high risk accounts or excessive. Related Clauses. However, merchant service providers. Of course, none of the above are ideal. Who uses the MATCH list? The MATCH list is used by payment processors during the underwriting process when a merchant goes to apply for a merchant account. With the MATCH list, Mastercard combined a list with the TMF listing (Terminated Merchant File), so the lists are interchangeable. • 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. If you are in an impossible situation, don’t. 3. 0800 304 78 75. Legal grounds: The processing shall comply with the requirements of Article 6 of Directive 95/46/EC and be based upon one or more of the legal grounds specified in Article 7 of Directive 95/46/EC. Fraud. 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. Signing up with the wrong processor greatly increases your chance of landing on the. The MATCH list, also called the Terminated Merchant File. For whatever reason, and I'm still trying to figure it out. Published on March 1, 2014. 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. In simple terms, the MATCH (Member Alert to Control High-Risk Merchants) record compiles information on companies and their owners, including terminated merchant accounts. An occurrence that results, directly or indirectly, in the unauthorized access to or disclosure of Account data. 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. The merchant must apply for a high-risk merchant account with stiff processing fees, monthly fees, and restrictions. Laundering. When you take out a secured loan, the lender may file a lien to protect the asset (s) you committed to secure financing. Search. Twitter. This might be a piece of equipment, a vehicle, property, or even a blanket. You or your business are listed in the Terminated Merchant File (TMF)/MATCH File **** ** In a personal conversation, Bank of America Merchant Services outlined the reason for a personal credit check as follows:. 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. 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. • Excluded merchant types (but may be signed under direct acquiring agreements): InternetTerminated Merchant File / Match System - For anyone that is curious: [quote] What is the Terminated Merchant File or TMF? The Terminated Merchant File or TMF listed merchants whose merA Comprehensive Guide to Surviving the MATCH List in 2022. When a business's merchant account is terminated, the reason why is typically recorded in the merchant's file. Terminated Merchant File list . If you come across it, just know that it’s the. 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. 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. Previously Terminated Merchants. BankCardLaw is a premiere provider of customized electronic payments legal services. Cliq typically offers a three-year contract through Cynergy Data with a Liquidated Damages-style early termination fee. It has gradually replaced the Terminated Merchant File (TMF), an older system that is being phased out. Visa or MasterCard processing banks or the acquiring banks use it in identifying specific principals and merchants that have been terminated. And, not be over-dramatic here, this can be one of the worst things that can happen to a merchant. Your chargebacks are low. ” “The List,” of course, is the MATCH/TMF list. Scroll down to the DBA section. Language links are at the top of the page across from the title. Being listed on the TMF match list can make it difficult for merchants to obtain new merchant accounts or payment processing services, as it. Best one-stop shop: First Card Payments. Some people still refer to this list by its former names, the Terminated Merchant File (TMF) or the Combined Terminated Merchant File (CTMF). When a bank considers whether or not to accept you for a merchant account, it will reference MATCH to see. Once a. • Must be located within the acquirer’s jurisdiction. The MATCH list is the same as the Terminated Merchant File (TMF), an older, more generic term. Blog / MATCH list. • Must be located within the acquirer’s jurisdiction. 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. The important thing to remember is that you cannot change nor edit this number. A terminated merchant file ( TMF) is a tool used by credit card processing companies to screen potential merchants before giving them a merchant account. 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. 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. If you are in an impossible situation, don’t. 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. 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. About. Have been added to the list because of. Search. When acquirers add a merchant to the TMF, it marks that business as a risky venture, warning other acquirers from doing. Hello, MATCH is only accessible to registered MasterCard. The effective termination date or; The date it received the termination notice by the merchant. Open Search. When a business is placed on the MATCH list, they get their accounts terminated. MasterCard doesn't put you in that list, the bank processing your credit card payments does. Code 01: Comprise of account data: if you unintentionally or unknowingly facilitated by whatever means, the use or disclosure. In the world of payment processing, the terms TMF and MATCH are often used interchangeably. MasterCard created and manages the list as a tool to “identify a potentially high risk merchant before entering. The terminated merchant files are blacklists shared among processors. As mentioned, this ID is used to identify the merchant without exposing their email to web crawlers. 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. The Terminated Merchant File is a shared online list among processors and acts as a blacklist scrubber, where merchants with high risk. You’re following the rules, and as far as you know, doing everything right. • Cannot be listed on the Terminated Merchant File (TMF), or similar files. ). TMF used to. How to Cancel with No Termination Fees. In the world of business, it becomes imperative for those involved in the merchandising/retail end of businesses to have knowledge of the merchant terminated file (TMF). It is true, but there is such a thing as a merchant account blacklist. Transaction laundering can lead to rather hard consequences for legitimate online retail businesses. Card networks, such as Visa and Mastercard, operate databases known as Terminated Merchant Files (TMFs) that contain information about accounts that have been closed. The Terminated Merchant File (TMF) or MATCH (Member Alert to Control High-Risk) list is essentially a blacklist used in the banking and credit industries. Additional filters are available in search. TMF Terminated Merchant File is another term, which is coined by Visa is just a synonym of MATCH. Just like setting up an original or new merchant account, opening a replacement merchant account is a process but a more involved one. Contract Type. How Can I Get On the List. 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. This level is for small businesses processing less than 20,000 eCommerce transactions and less than 1 million other transactions each year. How to Stay Off the MATCH File June 4, 2008 Posted by Michael Brooks in Chargebacks, Industry Compliance, Risk and Fraud Management. 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. 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. 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. Some of the coded reasons provided by MasterCard as to why you could be listed as a Terminated merchant account are explained below. Unfortunately once a merchant is placed on the list, it is cumbersome to get off it. The list is also known as TMF, or Terminated Merchant File. 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. Acquiring banks and credit card processors use it to keep track of. Terminated Merchant Files (TMF) and the MATCH List. Acquiring banks also have the capability to include or remove you to or from the MATCH data source. It is also known as the MATCH (Member Alert to Control High Risk) list. Our account will enable you to expand your business by reaching more customers and accepting their payments. All positive MATCH responses are thought about “possible matches” because the search mechanisms can not guarantee a real and exact match with absolute. Click on the Online Form link next to your certification. As a result, the banks tend to take a look at the reputation maintained by business entities before offering merchant accounts to them. 3. 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. 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. We approve 95% of applicants! I. Resources. 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. MasterCard Worldwide created and maintains the MATCH list, which also. Therefore, TMF list removal is as crucial as MATCH list removal. 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 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. Remove Advertising. TMF is a related acronym that stands for Terminated Merchant File, but has recently been replaced by MATCH. Payment processors check MATCH for each new potential account to mitigate their own risk and keep their business safe. The MATCH list (previously called the Terminated Merchant File, or TMF) is a master blacklist that Mastercard compiles and maintains. Filter & Search. How? For starters, rethink whom you do. 4 billion. It was created by. They may even offer guaranteed merchant account approval. Businesses unfortunate enough to make this list are essentially blackballed by many financial institutions. the acquirer on behalf of the sponsored merchant. Know the Ways of Getting off the MATCH list. Once a merchant lands. It has a sterling online reputation that any provider would envy. Being listed on the TMF match list can make it difficult for merchants to obtain new merchant accounts or payment processing services, as it. 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. ” There are, in fact, precisely 14 listed reasons that a merchant can get tagged with one of these designations. Documents to Obtain a TMF Merchant Account. 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. 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. In Summary: 5 Best Bad Credit Merchant Account Providers. The Terminated Merchant File (TMF) is a list of business owners with flagged merchant accounts. New: A guide to Google Search ranking systems; Google October 2022 Spam. Besides, legal issues can be created for assisting criminal organizations. They include the following: Instead of letting your domestic account to restrict your business, get a high volume merchant account with us. Level 4 businesses are required to complete an annual risk assessment using the appropriate PCI Self-Assessment Questionnaire (SAQ). There are a number of disqualifying acts that will place merchants on the TMF list. 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. To avoid that fate, you have to remain in full compliance with the terms of your agreement. Payment Cloud provides a dedicated account rep to all new merchants for the life of the account. A lot of providers now offer month-to-month billing. Best Merchant Accounts for Terminated Merchant Files: 1. Good news, though – you no longer have to worry about getting off the TMF list since the more comprehensive MATCH list replaced it. 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. This refers to a database file commonly called the Terminated Merchant File or simply TMF. Email : [email protected] simple answer: chargebacks. 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. In 2005, it evolved into the. What is MATCH file? MATCH file is an acronym for Member Alert to Control High-Risk. Additional filters are available in search. The TMF is a comprehensive database cataloging merchants whose accounts have been terminated due to reasons such as excessive chargebacks, alleged fraud, or non. 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. 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. Whenever possible, it’s best for a merchant to avoid freezes and terminations altogether. We also have a 24/7 open toll-free number +1 (727) 330 – 3944 for the users. 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. 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. Your business is considered high risk. If your. Use this list to avoid doing business with certain merchants, payment processors, banks, and other financial institutions. How Merchants Get On the List. In short: capture is the point at which you get paid for a sale. Of course, eventually, they are discovered by their bank and typically have their accounts terminated. At Mastercard, this database is called the MATCH list as described above. A merchant file is simply a record of a merchant and whether they’re considered in good standing. We approve 95% of applicants! I. The vast majority of these accounts found. It is also known as. One of the serious consequences merchants face when they have excessive chargebacks is having their account terminated and being added to the Member Alert to Control High-Risk Merchants (MATCH) list. 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. It is mostly a list of businesses and owners whose credit card processing privileges were terminated. The payment gateway is usually provided in conjunction with the merchant account but it is a separate service. About;. Best for online and international sellers: Durango Merchant Services. Rating: 1. 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. 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. Merchants belonging to the MATCH often face more difficulty in obtaining a merchant account or payment processor. What Is The Dreaded TMF File. Related to TERMINATION AND COMBINED TERMINATED MERCHANT FILE. (SRP, Rule 11. Ask questions. After submitting the application, merchants will need. Credit card processors throughout the world have shut off the. A Terminated Merchant File is a tool used by credit card processing companies to screen potential merchants before giving them a merchant account. TMF, MATCH file and GNF:. Additional filters are available in search. The simple way of putting it is that the file. All processing banks are required to use MATCH. Terminated. (All contracts in excess of $10,000) Pursuant to the above, when federal funds are expended by ESC. In the case of. 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. 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. Terminated Merchant File (TMF) by NMA. 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 fromSearch; More. 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. Company Termination Fee means an amount equal to $1,000,000. 2%, you’ll pay 7. Billing and Collection Customers; Receivable Files Complete; Complete Servicing File; Client. MERCHANT EXPRESSLY ACKNOWLEDGES that a Combined Terminated Merchant File ("CTMF") is maintained by Visa and MasterCard containing the business name a. 75 on that transaction. 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. Merchants on the receiving end of a terminated merchant account are often placed on the TMF MATCH list. The MATCH system is technically a MasterCard system but the banks are the ones that add/remove merchants from MATCH. 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. 2. 623-321-4699 Menu. Fastest application process: Soar Payments. 4), or 3. Merchants and businesses that wind up on Terminated Merchant Files or Match lists don’t all deserve to be there. Found 1 result(s) for your search. Merchant Processing Agreement. that tracks merchants who have had their merchant accounts terminated due to a variety of high-risk factors. In short, MATCH resembles a “blacklist” that financial institutions can use to cross-check you and board you as a new merchant. ago. Tiered pricing usually offered to bad credit merchants. Merchant expressly acknowledges that a Terminated Merchant File (“TMF”), or any successor thereto, is maintained by MasterCard or VISA containing the business name and names and identification of principals of merchants which have been terminated for one or more of the reasons specified in. net as a gateway. A merchant account for terminated merchants allows businesses continuity even if they were previously put on a TMF by a credit card processor. This was a 31. 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. 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. It’s a file that tells all merchants within that card network (Visa, Mastercard, American Express) that a merchant should absolutely not be allowed an account. " The TMF is an international database managed by Mastercard that catalogues businesses and owners whose merchant accounts have been terminated. Terminated Merchant File list . If so, you will have trouble acquiring a merchant account with reasonable rates if at all. Being listed on the TMF or MATCH file can put a merchant out of business. Our Services. It has gradually replaced the Terminated Merchant File (TMF), an older system that is being phased out. Clause: Terminated Merchant File. It’s basically an eCommerce list that warns other financial institutions. GNF, Group Negative File, is First Data’s internal list of businesses that they have had any. the acquirer on behalf of the sponsored merchant. Billing and Collection Customers; Receivable Files Complete; Complete Servicing File; Client. #3. - They will have an instant source of income. [2] The terminated merchant files are shared among processors and act as blacklists, where merchants with high. Terminated Merchant File (TMF) identifies blacklisted companies, predating the MATCH list. It is possible to get your business’ operations back on track. There are several reasons why you as a merchant can get blacklisted or MATCH’d. The MATCH list is essentially a list of terminated merchant files (TMF) that meet specific conditions. 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. Closed because of changes to business format, structure or process. 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. • Must be located within the acquirer’s jurisdiction. The terms “Terminated Merchant File (TMF)” and “MATCH list” are often used interchangeably, but they’re a bit different. there is another list called the Terminated Merchant File (TMF). The MATCH List Is a Blacklist. Exclude Keywords. The MATCH list (previously referred to as the Terminated Merchant File or TMF) is a database identifying merchants who have had their payment processing. Surviving the termination of a merchant account. 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. Payment Capture. Drug Related Crimes. 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. Exclude Keywords. 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. especially those added to the terminated merchant file (TMF) or flagged with a member alert to control high-risk merchants. Acquiring banks are risk sensitive and typically decline or terminate merchants listed on MATCH. 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. 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. Best one-stop shop: First Card Payments. search, campaigns. MATCH List and Terminated Merchant File (TMF) Oct 11, 2022. According to a chargeback report, the projected costs of chargeback for 2023 are estimated at $117 billion, with around $79 billion as merchant losses. who do not have a traditional acquiring relationship. The BBB does not maintain a profile for Payment Cloud currently, but CPO gives the company an “A”. Apply to a direct merchant account and use Authorize. The Terminated Merchant File is a list of businesses that Visa and Mastercard keep track of. 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). American Merchant Systems can help. The terms “Terminated Merchant File (TMF)” and “MATCH list” are often used interchangeably, but they’re a bit different. 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. Payment capture comes after authorization; at this point, the payment is effectively "settled," and the transaction is over. Quarterly PCI scans , administered by an approved scanning vendor, may. Stripe evaluates the financial risk of partnering with a business based on industry. Mastercard created the MATCH list to better catalogue and track high-risk businesses. One of the most challenging things a merchant faces is going on the blacklist by the credit card companies, such as Visa/ Mastercard. The merchant can use preventive measures to avoid getting into the Terminated Merchant File or Member Alert To Control High- Risk. 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). If you’re already classified as a high-risk merchant and you still have to deal with multiple chargeback fees, your merchant account might be frozen or terminated.