Merchant Identification Number Law and Legal Definition
This is an identification number assigned to each member merchant of an acquiring organization, such as a financial institution, Independent Sales organization (ISO), Merchant Service Provider (MSP) or processor. This number is used to identify the merchant during processing of daily transactions, rejects, adjustments, chargebacks and end-of-month processing fees.
Legal Definition list
Related Legal Terms
- A Number
- ABA Number
- Acceptable Identification of Goods and Services Manual
- Acceptance Number
- Adoption Tax Identification Number
- Adoption Taxpayer Identification Number
- Affiliate of a Futures Commission Merchant, Commodity Trading Advisor, Commodity Pool Operator or Introducing Broker
- Alien Documentation, Identification and Telecommunications Card
- Alien Documentation, Identification and Telecommunications System
- American Bankers Association Number
