Merchant initiated transaction

Definitions over time (1)

1. 11/12/2020 – 31/12/2020 Annex II, Regulation (EU) 2020/2011 of the ECB Scope: Whole act

   Merchant initiated transaction (MIT) ‘Merchant initiated transaction’ means ‘Merchant initiated transaction’ as defined in Annex II, Part C, footnote 4 of the EBA Guidelines amending the EBA Guidelines on reporting requirements for fraud data under Article 96(6) of Directive (EU) 2015/2366 (EBA/GL/2020/01).

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