Common use of Network Rules Clause in Contracts

Network Rules. Company will comply with all rules, requirements, and standards of each of the Networks (together, Network Rules). Company acknowledges receipt of First Data's current payments acceptance guide (Your Payment Acceptance Guide), which will assist Company with properly accepting and submitting its transactions for processing. Under Network Rules, Company does not own the Card account, Cardholder, personal, or other payment transaction information generated when a payment transaction is processed using the Acquiring Services. Company will not use, retain, disclose, sell, or disseminate any Card or Cardholder information (including, names, addresses, and Card account numbers) obtained in connection with payment transactions except for (1) authorizing, processing, and settling transactions; or (2) resolving chargebacks, retrieval requests, or similar issues related to its transaction. Company will not reproduce electronically captured Cardholder signatures except as requested by First Data or the Networks. A Cardholder is the individual who was issued a Card.

Network Rules. Company will comply with all rules, requirements, and standards of each of the Networks (together, Network Rules). Company acknowledges receipt of First Data's current payments acceptance guide (Your Payment Acceptance Guide), which will assist Company with properly accepting and submitting its transactions for processing. Under Network Rules, Company does not own the Card account, Cardholder, personal, or other payment transaction information generated when a payment transaction is processed using the Acquiring Services. Company will not use, retain, disclose, sell, or disseminate any Card or Cardholder information (including, names, addresses, and Card account numbers) obtained in connection with payment transactions except for (1) authorizing, processing, and settling transactions; or (2) resolving chargebacks, retrieval requests, or similar issues related to its transaction. Company will not reproduce electronically captured Cardholder signatures except as requested by First Data or the Networks. A Cardholder is the individual who was issued a Card.