Common use of Requirements for ATMs Clause in Contracts

Requirements for ATMs. The company may only install ATMs approved by Nets, including with approved chip readers and approved PIN keypads. The company’s procedure for paying out cash must be approved by Nets before the solution is taken into use. The ATM must provide clear instructions on how to operate the ATM. With regard to Dankort, the ATM may only be used for cash payments. All transactions must be authorised online at Nets, and authorisation and capture must be in DKK. The company must have a Dankort payment card agreement specifically for ATMs (other agreements are not sufficient). Transactions must be categorised with MCC 6011 (ATM) and completed with transaction type 01 (cash).

Appears in 2 contracts

Sources: Dankort Payment Card Agreement, Dankort Payment Card Agreement