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What is the purpose of the mATM Merchant Number/Biller Number?

biller matm merchant purpose
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What is the purpose of the mATM Merchant Number/Biller Number?

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The mATM Merchant Number (also known as the Biller Number) uniquely identifies the merchant in the mATM Merchant Payment program. When the merchant opens an mATM Merchant account at a participating bank, he/she will need to provide his/her mATM Merchant Number to the bank. When accepting mATM Merchant Payments, the merchant will need to inform clients of his/her mATM Merchant Number so that they can enter it into their mATM payment transaction. The designated bank will use this number to properly credit the payment proceeds into the merchants account.

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