Comments on: MasterCard Merchant Account

By: Glossary

Glossary — Sat, 26 Dec 2009 18:28:53 +0000

[...] member is a type of MasterCard or Visa member that participates indirectly through an association member or a principal member in [...]

By: UniBul Merchant Services » Blog Archive » MasterCard Registration Program

Sat, 19 Dec 2009 12:19:14 +0000

[...] MasterCard Registration Program (formerly Merchant Registration Program) requires the registration of the [...]

By: UniBul Merchant Services » Blog Archive » Card Issuer Assistance in MasterCard Audits

Sat, 19 Dec 2009 12:18:41 +0000

[...] MasterCard notifies card issuers whose accounts are believed to have been used in transactions at the merchant being audited within seven calendar days from the date of receiving the initial issuer notification. The MasterCard notification to the affected card issuers uses the subject heading “CMC Program Notification—Immediate Action Required.” [...]

By: Unibul Test » Blog Archive » MasterCard Registration Program

Unibul Test » Blog Archive » MasterCard Registration Program — Mon, 14 Dec 2009 17:25:16 +0000

[...] MasterCard Registration Program (formerly Merchant Registration Program) requires the registration of the [...]

By: Unibul Test » Blog Archive » Card Issuer Assistance in MasterCard Audits

Mon, 14 Dec 2009 17:24:09 +0000

By: Unibul Test » Blog Archive » Glossary

Unibul Test » Blog Archive » Glossary — Mon, 14 Dec 2009 17:21:34 +0000

[...] member is a type of MasterCard or Visa member that participates indirectly through an association member or a principal member in [...]

By: Issuer Notification to MasterCard

Issuer Notification to MasterCard — Sat, 09 May 2009 19:41:27 +0000

[...] merchant engaging in transactions on a cardholder bust-out account, the card issuer must notify MasterCard via e-mail at bustouts@mastercard.com within three calendar days of having such reason to believe. [...]

By: MasterCard Cardholder-Merchant Collusion Program

MasterCard Cardholder-Merchant Collusion Program — Sun, 19 Apr 2009 17:00:37 +0000

[...] MasterCard’s Cardholder-Merchant Collusion (CMC) Program permits a card issuer to file a claim against the acquiring bank associated with an identified fully collusive merchant, and to seek partial recovery (the lesser of [i] one-half of the credit limit in effect at the time that the card issuer closed the cardholder bust-out account, or [ii] one-half of the actual amount of fraud losses) for fraud losses attributable to transactions on cardholder bust-out accounts conducted at a fully collusive merchant. [...]

By: Recurring Transaction Prohibition for eCommerce Adult Content Merchants

Recurring Transaction Prohibition for eCommerce Adult Content Merchants — Sun, 12 Apr 2009 14:59:37 +0000

[...] MasterCard determines that an eCommerce adult content (videotext) merchant is identified in the Excessive [...]

By: MasterCard Excessive Chargeback Program

MasterCard Excessive Chargeback Program — Sat, 14 Mar 2009 15:51:34 +0000

[...] to monitor its merchants on an ongoing basis, in accordance with the requirements set forth by MasterCard. Should the acquiring bank determine that a merchant exceeded the Excessive Chargeback Program [...]

By: MasterCard Credits

MasterCard Credits — Sat, 07 Mar 2009 18:10:56 +0000

[...] for any of the reasons or conditions listed below or to otherwise avoid the applicability of the MasterCard chargeback rule, MasterCard will consider the credits as chargebacks in evaluating the [...]

By: Exclusion from the Global Merchant Audit Program

Exclusion from the Global Merchant Audit Program — Sat, 31 Jan 2009 18:08:51 +0000

[...] a merchant in the GMAP, the acquiring bank has an opportunity to provide additional information to MasterCard for review and consideration of an exclusion. MasterCard performs all reviews conducted for this [...]

By: Glossary

Glossary — Fri, 19 Dec 2008 15:57:20 +0000

[...] is an organization that is a member of Visa or MasterCard and which issues payment cards or signs merchants, or does [...]

By: Invalid Transactions

Invalid Transactions — Thu, 18 Dec 2008 15:51:55 +0000

[...] MasterCard, in its sole discretion, and either itself or by use of a third party, may conduct an audit of an acquiring bank’s merchant files and records to determine whether the merchant is a “questionable merchant.” Merchant Fraud Control staff will notify the acquiring bank of a decision to conduct such an audit. Acquiring banks and their merchants must cooperate fully. During the audit, MasterCard may list the merchant on the Member Alert to Control (High-risk) Merchants (MATCH) system under MATCH reason code 00 (Questionable Merchant). [...]

By: ECommerce Fraud Screening

ECommerce Fraud Screening — Tue, 16 Dec 2008 15:33:09 +0000

[...] fraud and chargeback processing expense. Merchants who use Verified by Visa and MasterCard SecureCode are protected from fraud-related chargebacks on all personal Visa and MasterCard cards – [...]

By: ECommerce Fraud Prvention

ECommerce Fraud Prvention — Wed, 26 Nov 2008 15:35:31 +0000

[...] digit of the entered account number to ensure a positive match. For example, if the card type is MasterCard and the first digit is 5, the match is [...]

By: MasterCard Fraud Loss Control Programs

MasterCard Fraud Loss Control Programs — Tue, 25 Nov 2008 15:28:39 +0000

[...] MasterCard acquiring banks’ fraud loss control program must meet the following minimum requirements, and preferably will include the recommended additional parameters. The acquirers’ programs must automatically generate daily fraud monitoring reports or real-time alerts. The data in these reports must be analyzed by adequately trained acquirer staff, able to identify potential fraud, within 24 hours. [...]

By: Reporting Fraudulent Use of MasterCard Payment Cards

Reporting Fraudulent Use of MasterCard Payment Cards — Mon, 24 Nov 2008 16:26:59 +0000

[...] by the card issuer. MasterCard issuers are required to submit all fraudulent transactions on its MasterCard accounts to SAFE on a [...]