"M"
| Term, abbreviation or acronym | French terminology | Definition |
|---|---|---|
| Mandate | Mandat | The SEPA direct debit materialises the customer's consent to the merchant. You must assign a Unique Mandate Reference (UMR) for each mandate. |
| MCC | MCC | Merchant Category Code. Code designating the merchant's
business activity. |
| Merchant | Commerçant | A natural person or a legal entity operating a webshop. Merchants using Mercanet are registered with BNP Paribas and can take advantage of the secure online payment service. |
| MerchantId | MerchantId | The merchant's unique identifier used by BNP Paribas. |
| MIF | CMI | Multilateral Interchange Fee. New European legislation
(Regulation 2015/751) on interchange fees for card-related payment
operations. This legislation only applies to consumer payment
cards issued in the EU, not to company cards and American Express
cards. |
| MIT | MIT | Merchant Initiated Transaction. Transaction initiated
by the merchant without the assistance of the cardholder,
regardless of the channel. These transactions are not subject
to the requirement for strong cardholder authentication.
However, they must be linked to the CIT (via the chaining
process). |
| MO | MO | Middle Office. |
| MOTO | MOTO | Mail Order Telephone Order. Telephone order or regular
mail order (standard method for distance selling). |
| MPI | MPI | Merchant Plug-In. In the context of preventing card
fraud, the MPI is a component that allows you to interact with
participants during 3DS checks. It checks whether the cardholder
is enrolled and gives the result of the authentication on the
ACS. |
