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This 25-character field contains the merchant name as provided by the bank or processor. The name provided must correspond to the name printed on the customer receipt and will appear on the cardholder's statement. The name must be left-justified and space-filled. The first character position cannot be a space.
For preferred customer/passenger transport transactions, characters 1-12 of this field should contain the shortened name, left-justified and space-filled to 12. Characters 13-25 of this field should contain the ticket number, left-justified and space-filled to 25.
Note: This field must contain the same data in the authorization as it does in the data capture batch.