Merchant Account Glossary - M

Mail Order/Telephone Order (MOTO)
See "Business Type."

Member Alert to Control High-Risk Merchants (MATCH)
As a way to control high-risk Merchants, MATCH is an alert system that uses an electronic bulletin board to track businesses and people when their merchant account has been reported “terminated” by an acquiring bank.

Merchant Category Code (MCC)
See "SIC Code."

Merchant Identification Number (MID)
This is the number that the FDC assigns to a merchant to identify them along with the credit card processors that they use. It is not to be confused with a merchant processing account number or Terminal Identification Numbers (TIDs).

Monthly Volume (MV)
With Visa and MasterCard transactions, a merchant account is approved to process up to a maximum dollar volume. American Express, Discover, and any other card processing volumes are not included into the calculated monthly volume. This is a major consideration for the underwriter of the file and can determine the type of documentation that will be required for the file.