Common use of Compliance with Card Association Rules Clause in Contracts

Compliance with Card Association Rules. Merchant will comply with and conduct its Card activities in accordance with all applicable Rules. Failure to comply with the Rules may result in Merchant being terminated for cause and listed on various Card Association and industry databases, including the Terminated Merchant File and the Merchant Alert to Control High Risk Merchants file (“MATCH”). Merchant expressly agrees and consents to such reporting in the event Merchant is terminated for any of the reasons specified as cause by the Card Associations. Furthermore, Merchant shall waive, release and hold MAS and BPPR harmless for claims which Merchant may raise as a result of such reporting. Merchant will pay all Card Association fines, fees, penalties, dispute arbitration fees, and all other assessments or indebtedness levied by Card Associations to MAS which are attributable or caused by, at MAS’ discretion, to Merchant’s Transaction processing or business.