Common use of PCI SSC Clause in Contracts

PCI SSC. Following Acceptance of a Product by PCI SSC, PCI SSC will communicate such Acceptance to the Assessor in accordance with the Program Documents, and post applicable details regarding the Product and Vendor on the Validated Product List. A Product is deemed to have been “Accepted” (and “Acceptance” is deemed to have occurred) when all of the following conditions have been met: (i) PCI SSC has received the corresponding Assessment Report from the Assessor in which the Assessor determines that the Product satisfies all applicable requirements of the Program Documents; (ii) PCI SSC has confirmed that the Assessment Report is correct as to form, the Assessor adequately reported the compliance of the Product in accordance with Program requirements and the detail provided in the Assessment Report meets Program requirements; (iii) PCI SSC has received all applicable Program Fees and all other documentation required with respect to the Product; and (iv) PCI SSC has listed the Product on the Validated Product List (provided that PCI SSC may suspend, withdraw, revoke, cancel or place conditions upon (including without limitation, complying with remediation requirements) Acceptance any Product in accordance with Program policies and procedures.

PCI SSC. Following Acceptance of a Product by PCI SSC, PCI SSC will communicate such Acceptance to the Assessor in accordance with the Program Documents, and post applicable details regarding the Product and Vendor on the Validated Product List. A Product is deemed to have been “Accepted” (and “Acceptance” is deemed to have occurred) when all of the following conditions have been met: (i) PCI SSC has received the corresponding Assessment Report regarding the Contracted Assessment of the Product from the Assessor in which the Assessor determines that the Product satisfies all applicable requirements of the Program DocumentsRequirements; (ii) PCI SSC has confirmed that the Assessment Report is correct as to form, that the Assessor adequately reported the compliance of the Product in accordance with applicable Program requirements Requirements and that the detail provided in the Assessment Report meets Program requirementsRequirements; (iii) PCI SSC has received all applicable Program Fees and all other documentation required with respect to the Product; and (iv) PCI SSC has listed the Product on the Validated Product List (provided that PCI SSC may suspend, withdraw, revoke, cancel or place conditions upon (including without limitation, complying with remediation requirements) Acceptance of any Listed Product in accordance applicable with Program policies and proceduresRequirements).