Processing Card Transactions Clause Samples

The 'Processing Card transactions' clause defines the procedures and requirements for handling payments made using credit or debit cards. It typically outlines the responsibilities of the parties involved, such as ensuring secure transmission of cardholder data, complying with relevant payment network rules, and settling funds in a timely manner. For example, it may specify how refunds are processed or how chargebacks are managed. The core function of this clause is to establish clear guidelines for processing card payments, thereby reducing the risk of disputes and ensuring compliance with industry standards.
Processing Card Transactions. If a customer’s Card includes an electronic chip, you must always prioritize obtaining chip and PIN authorization before obtaining a signature. You must always prioritize to process a transaction by inserting the Card into the Reader or Terminal and obtain the customer’s PIN or the customer’s signature when your customer’s Card is present. You may not process a contactless transaction with a value exceeding the prevailing amount limit for that transaction set by an Acquirer, a Card Scheme, and/or us from time to time, as set out on herein. You may use manual card entry (“Manual Card Entry”) to accept Card transactions from customers who aren’t physically present in your store. To be eligible to use Manual Card Entry, you must have connected your PayPal ▇▇▇▇▇▇ Account to a PayPal business account and successfully completed a Card transaction through a Reader or Terminal. To enable the use of Manual Card Entry, you must follow the instructions and comply with any requirements as determined by us, an Acquirer, or a Card Scheme. There are specific Fees associated with using Manual Card Entry to accept Card transactions, as set forth on the Fees page.
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Processing Card Transactions. As used in this Agreement, a “Chargeback” is a request that you customer files directly with an issuing bank to reverse or invalidate a processed payment, and a “Refund” means a reversal of a charge, in whole or in part, that you initiate. “
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Processing Card Transactions. You may use the Payment Service to process card-present transactions (i.e. transactions where both the Card and the customer are present at the time of the transaction) by inserting the Card into the Zettle Reader or swiping the Card and obtaining the customer’s PIN or obtaining the customer’s signature. The App will prompt you as to what verification is necessary, based on a customer’s Card. If a customer’s Card includes an electronic chip, you must always prioritise obtaining chip and PIN authorisation before obtaining a signature. Subject to availability in your country, if you are a Full Merged Merchant, you may also use the Payment Service to process transactions where neither the customer nor the Card are present at the time of transaction and you manually key in the card number, expiration date, security code, and other required information via the App (“Manual Card Entry”). You are not permitted to process Manual Card Entry transactions when your customer’s Card is present. To be eligible to process Manual Card Entry transactions, you must be a Fully Merged Merchant and have successfully completed a Card transaction through a Zettle Reader. To enable the use of Manual Card Entry, you must follow the instructions and comply with any requirements, in each case as determined by us, an Acquirer, or a Card Scheme. There are specific Fees associated with processing Manual Card Entry transactions, as set forth on the ▇▇▇▇▇▇.▇▇▇ Website. You may use the Payment Service to process contactless transactions (i.e. transactions made using the contactless induction technology in a Zettle Reader or a compatible mobile device supporting contactless transactions made by Card or smartphone/device transaction using near field communication technology or QR codes), however you may not process a contactless transaction with a value exceeding the prevailing amount limit for that transaction set by an Acquirer, a Card Scheme and/or us from time to time, as set out on our Website.
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Processing Card Transactions. You agree that you will honor all eligible cards presented for payment by your customers for your goods and services in accordance with the Payment Network rules, this Agreement and any operating guides that we may provide you from time to time. You agree that you will obtain an authorization from the Payment Network(s) for each card transaction, as required under the Payment Network rules, and will not submit a card transaction for settlement where there is a negative authorization or the card is otherwise expired. You acknowledge that the existence of an affirmative authorization from us or the Payment Networks does not mean that a particular card transaction will not be subject to Chargeback, Reversal or Claim at a later date. You will not impose any fee or surcharge on a customer that seeks to use an eligible payment card. You will provide a receipt to the customer at the conclusion of the purchase transaction that includes all information required under Payment Network rules and applicable law. You will display all Payment Network marks in accordance with the rules and procedures of the Payment Networks, and will use such marks only to indicate that you accept their cards for payment.
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Processing Card Transactions. You may use the Payment Service to process card-present transactions (i.e. transactions where both the Card and the customer are present at the time of the transaction) by inserting the Card into the UK Telecom Distribution Limited POS Device and obtaining the customer’s PIN or swiping the Card and obtaining the customer’s signature. The Device will prompt you as to what verification is necessary based on a customer’s Card. If a customer’s Card includes an electronic chip, you must always look to obtain chip and PIN authorisation before obtaining a signature. You may also be able to use the Payment Service to process contactless transactions (i.e. transactions made using the contactless induction technology in a UK Telecom Distribution Limited POS Device supporting contactless transactions, including a Card, or Smartphone/device transaction using near field communication technology through a UK Telecom Distribution Limited POS Device supporting contactless transactions), however you may not process a contactless transaction with a value exceeding the prevailing amount limit for that transaction set by an Acquirer, a Card Scheme and/or us from time to time. You must comply with any and all instructions provided by us to you regarding the acceptance and authorisation of Card transactions. You undertake to ensure that all your employees and other eligible representatives who handle Card transactions on your behalf are informed of the content of these Payment Terms and Conditions in advance, and that they have received the training required in order to satisfy the requirements of these Payment Terms and Conditions. When a Card transaction is made, we will update the transaction information in your UK Telecom Distribution Limited Account confirming that the transaction has taken place and setting out the details of the transaction as further described in section 15. You must provide customers with a receipt if they request one. An authorised Card transaction may not be withdrawn by you or your customer after the end of the day on which your customer authorised the transaction. You agree that you will not provide any false or misleading descriptions of any Card transaction that you submit through the Payment Service and that the descriptions given within itemised transactions will be an accurate and true description of the products and/or services being purchased. We reserve the right not to authorise or process any Card transaction that you submit through the P...
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Processing Card Transactions. You agree that you will honor all eligible cards presented for payment by your supporters for purposes of giving for charitable purposes in accordance with Card Associations’ rules, this Agreement and any operating guides that we may provide you from time to time. You acknowledge that an affirmative authorization from us or a Card Association does not mean that a particular card transaction will not be subject to Chargeback, Reversal, or Claim at a later date.
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Related to Processing Card Transactions

  • Processing Transactions 2 2.1 Timely Pricing and Orders.................................... 2 2.2

  • Agency Cross Transactions From time to time, the Advisor or brokers or dealers affiliated with it may find themselves in a position to buy for certain of their brokerage clients (each an "Account") securities which the Advisor's investment advisory clients wish to sell, and to sell for certain of their brokerage clients securities which advisory clients wish to buy. Where one of the parties is an advisory client, the Advisor or the affiliated broker or dealer cannot participate in this type of transaction (known as a cross transaction) on behalf of an advisory client and retain commissions from one or both parties to the transaction without the advisory client's consent. This is because in a situation where the Advisor is making the investment decision (as opposed to a brokerage client who makes his own investment decisions), and the Advisor or an affiliate is receiving commissions from both sides of the transaction, there is a potential conflicting division of loyalties and responsibilities on the Advisor's part regarding the advisory client. The Securities and Exchange Commission has adopted a rule under the Investment Advisers Act of 1940, as amended, which permits the Advisor or its affiliates to participate on behalf of an Account in agency cross transactions if the advisory client has given written consent in advance. By execution of this Agreement, the Trust authorizes the Advisor or its affiliates to participate in agency cross transactions involving an Account. The Trust may revoke its consent at any time by written notice to the Advisor.

  • Transaction Processing All orders are subject to acceptance by us and by the Fund or its transfer agent, and become effective only upon confirmation by us. If required by law, each transaction shall be confirmed in writing on a fully disclosed basis and if confirmed by us, a copy of each confirmation shall be sent to you if you so request. All sales are made subject to receipt of shares by us from the Funds. We reserve the right in our discretion, without notice, to suspend the sale of shares of the Funds or withdraw the offering of shares of the Funds entirely. Orders will be effected at the price(s) next computed on the day they are received if, as set forth in the applicable Fund’s current Prospectus, the orders are received by us or an agent appointed by us or the Fund prior to the close of trading on the New York Stock Exchange, generally 4:00 p.m. eastern time (“Close of Trading”). Orders received after that time will be effected at the price(s) computed on the next business day. All orders must be accompanied by payment in U.S. Dollars. Orders payable by check must be drawn payable in U.S. Dollars on a U.S. bank, for the full amount of the investment. If you have entered into a FundSERV Agreement with us to effect transactions in Fund shares through FundSERV, you are hereby authorized to act on our behalf for the limited purpose of receiving purchase, exchange and redemption orders for Fund shares executed through FundSERV. You represent and warrant that all orders for the purchase, exchange or redemption of Fund shares transmitted to FundSERV for processing on or as of a given business day (Day 1) shall have been received by you prior to the Close of Trading on Day 1. Such orders shall receive the share price next calculated following the Close of Trading on Day 1 .You represent and warrant that orders received by you after the Close of Trading on Day 1 shall be treated by you and transmitted to FundSERV as if received on the next business day (Day 2). Such orders shall receive the share price next calculated following the Close of Trading on Day 2. You represent that you have systems in place reasonably designed to prevent orders received after the Close of Trading on Day 1 from being executed with orders received before the Close of Trading on Day 1.

  • Purchasing Card (P card) Program

  • Liability for all card transactions Subject to clause 9.3, you are liable for all card transactions effected by the use of the card at an ATM whether with or without your knowledge or authority, save in the case of our or our employees’ fraud, gross negligence or wilful default.