MATCH list

 

Introduction:

MATCH list is considered as black list and used to report high risk merchants whose names are on the list due to the trouble created by them in the business practices. This list is maintained by MasterCard and is widely used across the payment industry. 

The merchant’s account has been flagged as high risk due to the excessive chargeback activities. And if the name of the merchant is on the MATCH list then it will create great problems and chaos for the businessmen. The best way to not get on to the MATCH list is you must be fully aware of the criteria which provide the basis to put the names on the MATCH list. How to prevent it and put all the effort in if accidentally your name is on the MATCH list. 

Rebranded version of the TMF:

MATCH list is the rebranded version of the TMF which is also regarded as Terminated Merchant file. The list is maintained by MasterCard and they help the banks in acquiring the names of high risk merchants and trap them on the list .

Struggle to open the new account:

Adding the name of the merchant on the MATCH list doesn’t mean that they are no longer involved in business activities. But they may face great problems in opening new accounts in the future. MasterCard holders must know about the list before onboarding a new merchandise.

Why is the merchant’s name on the MATCH list?

One of the biggest reasons is the excessive chargeback which results in the merchant’s name on the MATCH list. Additionally there are several reasons through which the name of the merchant will be entered in the match list. These may be 

Fraudulent activities

Bankruptcy

Non compliance

Illegal activities

Security problems

Money laundering

Common point of purchase

Account data compromise

Excessive fraud

Unused accounts

Violation of rules and standards

Illegal transaction

Identity theft

Merchant collusion

Impacts of being on the MATCH list:

The major impact on the MATCH list is that the bank terminates the account .it will be a big red flag for the account holders, financial institutions and credit networks . It will be very hard to process all the credit card payments if your name is on the MATCH list. In business if you are unable to process your payment it will be death knell for a business man. read more about  MATCH list


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