Effective as of June 13, 2013, Allied Wallet is an official member of MasterCard as an acquirer. Allied Wallet has been given its own MasterCard BIN, Bank Identification Number. With this BIN, Allied Wallet will be able to assign MIDs, Merchant Identification Numbers, to merchants at even lower discount rates.
This simplifies the processes of opening an account and accepting credit cards with Allied Wallet and enables merchants to see live processing in as little as 12 hours.
Merchant and customer transactions will all be monitored and protected under Allied Wallet’s in-house, PCI Level 1 Security. This ensures merchants and consumers fraud protection in all payments. All transactions are kept under persistent monitoring and are run through a proprietary Fraud Scrub System to protect merchants.
“What we do at Allied Wallet is very unique because no one provides a service with the quality that we do,” says CEO Andy Khawaja, “and this new MasterCard membership will give us the opportunity to serve our current and potential merchants in even better ways.”
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