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Showing posts from September, 2021

What is MasterCard?

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It is a type of payment network processor. The financial institutions with Master card processor issues MasterCard payment procedures processed on the MasterCard network. MasterCard utilizes its exclusive worldwide installments organization, which it alludes to as its center organization, to work with installment exchanges, which generally include the MasterCard account holder and a vendor, alongside their particular monetary establishments. Installments can be made through credit, charge, or pre-loaded cards. Function of MasterCard: The whole way across the world, the primary business capacity of this organization is going about as a go between the trader banks just as banks that issue cards or working with buyer’s advertisements, their credit association and individuals who utilized the brand to perform deals. How MasterCard works? All of your account information has been held inside a MasterCard . That information has been given to the vendor or merchant from the card holder. T

Match List

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  First of all if you are reading this blog you must understand that you have landed over an industry terminated Merchant file or you can say it MATCH list . What does match stands for M= Member A= alert T= to  C= control  H= high risk It was created and managed by Master Card means that the bank is compiling information about businesses, about their owners whose credit card has already been terminated due to some false reasons.   The databases which have been collected are used by the acquiring banks to help them find the person and screened them by determining if their businesses should be given credit card opportunities or not. Black listed companies The reason to make a MATCH list is comprehensive.  This list is used to replace TMF (terminated Merchant file) which has all the relevant information about the black listed companies. In Short it is a process of acquiring a bank to inspect all the merchants whether they are at high risk or not. In the MATCH list all accounts have been t

DANGERS OF MATCH LIST:

  It is not easy for anyone to get rid of Match list . The MATCH List is a blacklist of high-risk merchants that many acquirers use to avoid merchants that are likely to cause them trouble. The list is maintained by Mastercard and is used across the payments industry. The MATCH list is not where you want to be. It shows that your merchant account has been flagged as high-risk due to chargeback activity, and being on it can be a big problem for doing business. The best way to avoid that fate is to be fully educated about what criteria can get you placed on the MATCH list, how to prevent that from happening, and what to do if you end up on the list despite your best efforts. While being on the MATCH list won’t cause you to lose any currently active merchant accounts in good standing, the most serious consequence is that you will struggle to open any new ones while you’re on it. CAUSES OF BEING ON MATCH LIST: Following are the causes that why are you being on match list .  Account Data