MasterCard Rules (PDF)

An MPOS Terminal must comply with the Corporation’s requirements for POS Terminals, Hybrid
POS Terminals (if Chip Cards are accepted), or Chip-only MPOS Terminals (if the MPOS Terminal
is a Chip-only MPOS Terminal).
Mobile Remote Payment
Mobile Remote Payment is a payment functionality that is initiated by an enrolled Cardholder from
a Cardholder-controlled mobile phone which is registered with the Cardholder’s Issuer and used
for entry of the Cardholder’s PIN or mobile-specific credentials.
Ownership
As used herein, ownership has such meaning as the Corporation deems appropriate in its
sole discretion given the context of the usage of the term and all facts and circumstances the
Corporation deems appropriate to consider. As a general guideline, ownership often means to
own indirectly, legally, or beneficially more than fifty percent (50%) of an entity.
Participation
An alternative term for Membership.
Payment Facilitator
A Merchant registered by an Acquirer to facilitate Transactions on behalf of Sub-merchants.
Point of Interaction (POI)
The location at which a Transaction occurs, as determined by the Corporation.
POI Terminal
Any attended or unattended POI device that meets the Corporation requirements and that permits
a Cardholder to initiate and effect a Transaction in accordance with the Standards.
POS Terminal
An attended or unattended POI device located in or at a Merchant’s premises that meets the
Corporation’s requirements, and that permits a Cardholder to initiate and effect a Transaction for
the purchase of products or services sold by such Merchant with a Card in accordance with the
Standards.
Principal Member, Principal Customer
A financial institution that is eligible and approved to be a Member pursuant to Rule 1.1.2 and is a
Class A Member. “Principal Customer” and “Principal” are alternative terms for Principal Member.
©1969–2012 MasterCard. Proprietary. All rights reserved.
MasterCard Rules • 12 December 2012 7