Procedures for Card Transactions Clause Samples

Procedures for Card Transactions. 2.1 In accepting Cards for the purchase of Merchant's goods and services, Merchant shall comply with the requirements of this Agreement, including but not limited to the Operating Rules, as the same are revised from time to time. 2.1.1 Unless specifically exempted by Operating Rules, ▇▇▇▇▇▇▇▇ agrees to obtain Authorization for the total amount of the Transaction, including the tip and tax, if applicable, and shall record the positive Authorization Code on the sales draft prior to completing the Transaction and comply with all other requirements of the Operating Rules. Such Authorization must be obtained for every Transaction on the Transaction date and prior to completing the Transaction, unless otherwise specified in the Operating Rules. Procedures for obtaining Authorizations are set forth in the Operating Rules. If a Merchant completes a Transaction without Authorization, Merchant will be responsible for any Chargeback of the Transaction and this Agreement shall be subject to immediate termination without notice. Obtaining Authorization does not assure that the person using the Card is the Cardholder and will not prevent a Chargeback to Merchant for any of a variety of reasons under the Operating Rules, including use of the Card by an unauthorized user or a Cardholder claim or defense relating to the Transaction. 2.1.2 Merchant must record each Charge and Credit Voucher by following procedures in a format and manner specified by Provider and in accordance with the Operating Rules. Merchant will complete each Transaction as a single Charge Record, except as alternative methods are specifically approved by Provider in writing. Merchant will deliver to the Cardholder an accurate and complete copy of the Charge Record, no later than the time of delivery of the goods or performance of services, using a format approved by the Card Networks and supplied by Provider. Merchant must provide on the Cardholder’s copy of the Charge the truncated Card account number of the Cardholder and must not provide the Card expiration date, in accordance with the Operating Rules and applicable law. Merchant is responsible for ascertaining whether applicable law requires copies of transaction receipts retained by Merchant to truncate card numbers and suppress expiration dates, and for complying with all such laws.