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Appendix I1. Merchant initiated transactions for merchant payments The merchant initiated transactions for merchant payment is a two-step process: 1. Generate OTP before transaction 2. Make payment
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Merchant services fidelity refers to the financial transactions and services provided to merchants to accept payments from customers through credit cards, debit cards, and other electronic forms of payment.
Merchant service providers and merchants who accept electronic payments are required to file merchant services fidelity.
Merchant service providers and merchants must report detailed information about their electronic payment transactions, fees, and other relevant financial data on the merchant services fidelity form.
The purpose of merchant services fidelity is to provide transparency and accountability in electronic payment transactions to ensure compliance with financial regulations and standards.
Information such as transaction volume, fees, chargebacks, and other financial data related to electronic payments must be reported on merchant services fidelity.
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