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- A Fictitious and/or Collusive merchant who is listed on the High Risk merchant list with a risk indicator of “S”, or
- A prohibited or illegal industry merchant who is listed on the High Risk merchant list with a risk indicator of “I”, or
- A high Fraud to Gross (FTG) sale volume ratio merchant who is listed on the High Risk merchant list with a risk indicator of “F”, or
- An Internet Electronic Delivery merchant who is listed on the High Risk merchant list with a risk indicator of “T”, or
- S/E Merchant was cancelled for derogatory reasons and was listed on the High Risk merchant list with a risk indicator of “X”
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