Quote:
Originally posted by quiet
thanks for the info. so basically, if your CB ratio is very low you probably have nothing to worry about...
What does this mean exactly?:
"run our client list through the TMF"\
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Quiet.. you are right. Low cbcs and you are good to go unless your PSP screws up.
MC and Visa share a "list" called the Combined Terminated Merchant File, commonly called the "TMF". This lists every individual and company that has ever had a merchant account and has lost that account, for whatever reason. Banks, as the Members of Visa and MC add names to protect other Member Banks from accepting Merchants that have lost their accounts. We will be required to run our db of clients against that db and determin who, if any of our sub-Merchants are on the list. Just being on the list does NOT mean you can NEVER process again, it just means that your chances of getting your own Merchant Account are slim to none.
Chris
CEO
EPOCH