Common use of Details required Clause in Contracts

Details required. The Merchant must ensure that the Records for all Debit Card Transactions (whether the Transaction is accepted or declined) contain the following minimum information: (a) the Merchant’s business name and location; (b) the type and general location of the Terminal or a symbol identifying the Terminal; (c) date and time of the Transaction; (d) whether the Cardholder selected the cheque or savings account; (e) information that enables the Merchant to identify the Transaction; (f) type of Transaction, e.g., ‘purchase’; (g) amount of the Transaction; and (h) if the Card has an expiry date, the Card expiry date.