Processing Services Clause Samples
The Processing Services clause defines the scope and terms under which one party provides data processing or related operational services to another. Typically, this clause outlines the specific types of processing activities covered, such as data entry, transaction handling, or information management, and may specify service levels, security requirements, and compliance obligations. Its core function is to clearly delineate the responsibilities and expectations for processing services, thereby reducing misunderstandings and ensuring both parties are aligned on service delivery and data handling standards.
Processing Services. Carrier hereby requests that Member and Servicer process Applicable Transactions on behalf of Carrier and provide the services described in this Agreement, and Member and Servicer each agree to process, or cause to be processed, the Applicable Transactions and provide such services, or cause them to be provided, in compliance with the terms and conditions of this Agreement and with the Operating Regulations and applicable requirements of law.
Processing Services. 4.2.1 The Givex Platform enables Merchant to connect Merchant’s website(s) and Merchant Payment Account to Payment Cards (online or in-person), and/or other payment processing methods provided by the Processor, enabling Merchant to receive and accept payments from Customers for Merchant’s goods and services, in transactions carried out through and on Merchant’s website(s), the Givex Platform, or otherwise (each, a “Transaction”).
4.2.2 Merchant hereby fully authorizes Givex to enable the Processing Services, submit Transactions, debit the Merchant Payment Account, make necessary decisions regarding the Processing Services.
4.2.3 The Processing Services are provided by Processor, its Affiliates, and the acquiring bank. In order to use the GivexPay Services, Merchant, in addition to satisfying the other requirements detailed herein, hereby consents to and agrees to be bound by the Processor Terms and Conditions located at ▇▇▇▇▇://▇▇▇.▇▇▇▇▇.▇▇▇/legal/terms-and- conditions (the “Processor Terms”), which are hereby incorporated by reference. For further details about the Processor and the acquiring bank, please review the Processor Terms. In providing the GivexPay Services and enabling ▇▇▇▇▇▇▇▇’s use of the Processing Services with Adyen N.V. as the Processor, Givex is acting as an agent of the acquiring bank. However, Givex is not a party to the Processor Terms and is not liable to Merchant with respect to any Processing Services, which are provided solely by the Processor.
Processing Services. (a) Unless otherwise agreed or amended by the provisions of any Program Authorization Letter, Client shall ensure that the Processing Services are provided in accordance with the minimum Service Levels. Client shall contract with a Processor approved in writing by Bank (through a “Processor Agreement”) for purposes of providing Processing Services. Such Processor Agreement shall specifically provide that Bank, Client and Processor shall enter into a tri-party agreement whereby Bank shall be entitled to rely upon and enforce as a third party beneficiary the provisions of the Processing Agreement in the event of a breach of this Agreement by Client. The Processor Agreement shall entitle Bank to receive directly all Customer data and those reports provided by Processor to Client as well as any additional reports that the Bank may reasonably request from time to time. In no event may Client materially alter, change, amend, or otherwise terminate any contractual relationship with Processor without the consent of Bank. Any and all Processor Agreements shall include a service level agreement requiring that the Processing Services be provided in a professional manner in accordance with industry standards and, further, providing for appropriate monitoring, monthly reporting, and penalties for performance outside of parameters specified by Bank. Notwithstanding the foregoing, pursuant to Section 3.8 of the Agreement, Client may directly perform any Processing Services related to this Addendum, subject to Bank’s prior written approval. In the event that Client directly performs such Processing Services, the Parties shall negotiate in good faith any additional agreement required to facilitate such Processing Services, prior to Client commencing such services directly.
Processing Services. Planet Payment’s processing services shall meet or exceed [*]% of the established window for system availability, as measured on a calendar quarterly basis, except to the extent a different standard is set forth herein.
Processing Services. The processing of Producer Gas for the removal of Plant Products and the delivery of the resulting residue Gas and Plant Products to or for the account of Producer.
Processing Services. Program Manager, at its sole expense, shall provide for Processing Services. Any processor retained by Program Manager to provide Processing Services must be approved in advance by Bank, and must have executed a Processing Services agreement with Bank. A list of pre-approved processors may be obtained from Bank, upon Program Manager’s request. All Processing Services related to the Programs shall be provided pursuant to that certain Processor Servicing Agreement, dated as of the date hereof, between Bank and Program Manager (“Processing Agreement”), or as otherwise mutually agreed by the Parties. In the event of any conflict between this Agreement and the Processing Agreement, the terms of this Agreement shall control to the extent of such conflict.
Processing Services. Client shall provide for Processing Services to switch or process Card transactions.
Processing Services. TimkenSteel will provide the following Product processing services:
a. Receiving the Product into the Central Yard and acknowledging receipt in Timken’s SAP system;
b. Storing the Product within the Central Yard, and maintaining mill-supplied identification and segregation of the Product;
c. Acknowledging, in Timken’s SAP system, of requests for Product transfers and Product shipments;
d. Pulling from inventory and repackaging Product (including re-bundling, measuring and tagging) to meet Product transfer requirements of SAP signals;
e. Re-bundling, measuring, tagging and placing in a storage location all residual Product from the repackaged Product;
f. Recording, in Timken’s SAP system, all transactions created in the pulling of the Product;
g. Providing logistics services, including obtaining transportation for the Product and loading the Product onto trucks for shipment. Carriers are to be selected and scheduled using a routing guide and procedure provided by Timken. For the avoidance of doubt, the processing services do not apply to steel that is returned to either TimkenSteel or the Central Yard by Timken.
Processing Services. Provided that FMN is not in breach of any of its material obligations under this Agreement, ILSI shall use FMN as the sole outsource provider of loan processing services for ILSI Loans.
Processing Services. Bank shall provide for the processing of Entries received from Client to conform to the requirements set forth in this Agreement. Bank shall provide for transmitting of such Entries as an ODFI to the Federal Reserve System or through the use of an ACH Client Sender. Bank shall settle for such Entries as provided in the Rules. Bank shall provide for the processing of the Entries as defined in Schedule B provided that the file was received on time, the Federal Reserve Bank is open for business, and the effective entry date is stated. If any of the requirements are not met in this Section 6.4, Bank shall use reasonable efforts to transmit such Entries to the ACH by the next deposit deadline of the ACH following that specific in Schedule B which is a business day and a day on which the ACH is open for business. Bank shall not cancel or amend an Entry after it is delivered to Bank. Bank shall use reasonable efforts to act on a request by Client for reversal of a file of Entries according to the Rules; provided that Bank shall not be liable for interest or loses if such reversal is not effected. Any request by Client for reversal of a file of Entries must comply with the Delivery Requirements and Security Procedures as defined in Schedule B. Client shall reimburse Bank for any expenses, losses, or damages Bank may incur in effecting or attempting to effect Client's request for the reversal of a file of Entries. Bank is entitled to payment from Client in the amount of any such reversal of a debit file of Entries prior to acting on any request thereof.