TMF MATCH List
The abbreviation TMF stands for (Terminated Merchant File) and the word MATCH stands for (Merchant Alert to Control High Risk). The TMF MATCH list is a record of merchants that are considered to carry an unacceptable level of risk. Banks, payment processors, and other financial institutions use this list to identify merchants that they might not want to do business with. MATCH is the rebranded version of an older, more aptly named list, the Terminated Merchant File (TMF). It was created by MasterCard to help acquiring banks identify high-risk merchants before entering into merchant agreements with them. Every merchant on the TMF MATCH list is assigned a reason code that explains why they’re on it: 01 Account Data Compromise 02 Common Point of Purchase 03 Laundering 04 Excessive Chargebacks 05 Excessive Fraud 06 Unused 07 Fraud Conviction 08 MasterCard Questionable Merchant Audit Program 09 Bankruptcy/Liquidation/Insolvency 10 Violation of Standards 11 Merchant Collusion 12 PCI-DSS