Definitions for "Merchant Identification Number" Add To Word List
Login or Register  | Word Lists | Search History

jacobsmith82, 7/28/09
Helpful?           1
Unique merchant identification number that is used in conjunction with all transactions.
Helpful?           0
Number provided by a merchant bank to identify the merchant in an e-commerce transaction.
Helpful?           0
A unique number that is assigned by the acquiring bank to identify a merchant.
Helpful?           0
A unique number that identifies a merchant for reference purposes in transaction processes. It is provided by the Acquirer and is sometimes also called simply merchant number.
Helpful?           0
This number is generated by a processor/acquirer and is specific to each individual merchant location. This number is used to identify the merchant during processing of daily transactions, rejects, adjustments, chargebacks, end-of-month processing fees, etc.
Helpful?           0
The number a financial institution assigns to the merchant to individually designate the type of business activity of that merchant.
Helpful?           0
Do not confuse the MID with the Humboldt Bank merchant processing account number (the 16-digit number prefixed by "419404"). This acronym refers to the FDC-assigned number that identifies the merchant to the equipment they use to process transactions. A merchant with a Humboldt Bank merchant processing account number who uses several terminals at his location would have one MID and several TID's (See "Terminal Identification Number").
Helpful?           0
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.
Helpful?           0
A number each merchant is provided under the card acceptance agreement, which is unique to that merchant.
Helpful?           0
A number provided by a merchant bank to identify the merchant in a credit card transaction.
Helpful?           0
The number a financial institution assigns to a merchant to identify your business.
Helpful?           0