The Terminated Merchant File (TMF) and Your Business: An Essential Guide
The TMF is an international database managed by Mastercard that catalogues businesses and owners whose merchant accounts have been terminated. This list serves as a powerful tool for banks to identify high-risk merchants. The TMF contains information about merchants that have breached their agreements with financial institutions, resulting in the termination of their merchant accounts. Common reasons for listing include excessive chargebacks, fraud, money laundering, illegal activities, or violating the terms of the agreement.