MasterCard Formal Approval Services.pdf
Achieving M-TIP approval
Acquirers introducing a new terminal are required to go through Terminal Integration Process (M-TIP) Formal Approval Services of MasterCard to obtain approval indicating that the POS terminal, ATM, bank branch terminal, CAT3 terminal or mPOS terminal is MasterCard approved.
M-TIP formal approval services overview
M-TIP checks for each terminal application (Contactless Mag-Stripe, Contactless M/Chip and EMV contact) that:
- The acquirer has selected a terminal compatible with their requirements
- The terminal received by the acquirer is still “in line” with the approved kernels
- MasterCard requirements and Brand settings are correct
- Each terminal application is tested, once integrated in the environment in which it will be used
UL can perform these tests on your payment terminals, helping you to get your terminals to market as quickly and efficiently as possible.