Terminal Merchant File (TMF)

The Terminated Merchant File — also known as the MATCH (Member Alert to Control High-Risk Merchants) list — is a system maintained by MasterCard. It contains information about businesses and their owners whose credit card processing privileges have been terminated.

Being placed on this list can make it significantly more difficult for a business to obtain a merchant account in the future. Reasons for being placed on the TMF list can include fraud, excessive chargebacks, bankruptcy, or violation of card network rules.

It is important to note that the TMF list is not publicly available and is shared only with acquiring banks and payment processors. Once a merchant is placed on this list, it is usually for a minimum of five years, and it can be extremely challenging to be removed from it.

Being on the TMF list does not mean a business will be entirely unable to process credit card payments, but it will likely face higher fees, stricter requirements, and limited options for payment processing.