MPA: Merchant Processing Agreement

Question 0

What is another component of the MPA?

Answer 0

Program guide: which the merchant must abide.

Question 1

What is the Merchant Processing Agreement?

Answer 1

It is a series of documents entered into between a merchant and the alliance in order to obtain processing privileges

Question 2

What are two components of the MPA?

Answer 2

The Application: Application forms which are completed by the merchant.

The Program Guide: the operating procedures that identify the rules the merchant is obligated to follow; the general terms of agreement which states FD’s rights and remedies also, provisions for special cases.

Question 3

What are the two purposes for the MPA?

Answer 3

The Application

Program Guide

Question 4

There are remedies for noncompliance ranging from least to most serious consequences, what are they?

Answer 4

Stern warning

Secure and Maintain - collateralizing the account

Secure and Terminate - terminating the account