Term
M-TIP
Compliance Mastercard Testing SoftPOS
Mastercard Terminal Integration Process
Mastercard Level 3 Certification - Ensures that the software configuration on the device and the entire acquiring chain (acquirer host, Mastercard connectivity) meet Mastercard brand requirements.
Related Terms
EMV
EMV - The global standard for chip-based cards that authenticate and secure transactions. The name comes from its three co-founding card organizations: Europay, Mastercard, and Visa.
Level 2 Testing
EMV Level 2 Certification - Confirms that the software implementing payment functions on a device has been EMV-approved. This software, called the 'contactless kernel', defines the supported payment schemes (Mastercard, Visa, Amex, etc.).