Common use of Transaction Requirements Clause in Contracts

Transaction Requirements. a) In effecting a Bankcard transaction, Merchant shall, subject to the other provisions of this Paragraph 7 and Paragraphs 8, 9, and 10 herein, complete the Sales Draft or Credit Voucher in the following manner: i) If the Bankcard is present at the time of the transaction (a “Card Present Transaction”), imprint or swipe through an electronic terminal, with a suitable imprinter or electric printer, all data embossed on the face of the Bankcard and the Merchant’s imprinter plate, or legibly type such data thereon; Merchant shall notify ▇▇▇▇▇▇ and ▇▇▇▇▇▇▇ in the event that the information on the Merchant’s plate is changed. Whenever the Bankcard’s magnetic stripe cannot be read by the electronic terminal, Merchant shall manually imprint the Bankcard. Failure to do so will constitute a waiver by Merchant of any right to dispute chargebacks arising from the transaction. Each Merchant outlet is required to have its own processing software or terminal, and its own printer and manual imprinter with an accurate Merchant plate for use when its electronic printer is not functional or when the Bankcard’s magnetic stripe cannot be read by the electronic terminal. Merchant understands that sales completed at one location may not be processed through a terminal at another location. ii) Legibly fill in the appropriate spaces thereof showing; (1) the date of the sale; (2) the Sales Draft amount which includes applicable tax for all charges purchased in the same transaction; (3) a brief description of the services in sufficient detail to identify same; (4) the Cardholder’s Bankcard number truncated to bear no more than the last four (4) digits of the Bankcard number; (5) the Cardholder’s name; (6) the authorization number; and (7) Merchant’s name and unique Merchant I.D. number. iii) For a Card Present Transaction, require the Purchaser to sign the Sales Draft in Merchant’s presence. Merchant should retain Bankcard while Purchaser is signing in order to perform signature verification. iv) Obtain authorization pursuant to Paragraph 15 prior to consummating the sale and indicate the authorization code in the appropriate space. THE FLOOR LIMIT ON ALL TRANSACTIONS IS ALWAYS ZERO. ▇▇▇▇▇▇▇▇ understands that authorization shall not, by itself, satisfy Merchant’s obligation to exercise due diligence, nor shall it validate a transaction which would otherwise be invalid. Merchant shall remain fully liable for all chargebacks and fees related to an invalid or disputed transaction whether or not prior authorization was obtained. v) For a Card Present Transaction, complete the transaction only if the signature on the Sales Draft appears to be the same as the authorized signature on the Bankcard and the Bankcard account number read from the magnetic stripe is the same as that embossed on the front of the Bankcard. If such identification is uncertain, or if Merchant otherwise questions or has suspicions regarding the validity of the Bankcard, Merchant shall contact ▇▇▇▇▇▇’▇ and ▇▇▇▇▇▇▇’s authorization center for instructions. Except in the case of a Telephone Order (“TO”), Mail Order (“MO”), Electronic Commerce (“EC”), Preauthorization Order (“PO”), or Recurring Transaction, no sale may be completed if the Purchaser fails to present his or her Bankcard. Furthermore, Merchant shall be liable for all chargebacks for magnetically altered or counterfeit cards. vi) For Card Present Transactions, if the signature panel on the Card is blank, in addition to requesting authorization, Merchant must do all of the following (a signature panel bearing the words “See I.D.” or equivalent language shall be deemed to be blank): (1) Review positive identification to determine that the user is the Cardholder. Such identification must consist of a current, official government identification document (such as a passport or driver’s license) that bears the Cardholder’s signature; (2) Indicate such positive identification (including any serial number and expiration date) on the Sales Draft; and (3) Require the Cardholder to sign the signature panel of the Bankcard prior to completing the transaction. b) In effecting a Bankcard sale, Merchant shall not permit sales through the use of a Bankcard: i) Which is not yet in effect, according to the effective dates thereon, if any. ii) Which is an expired Bankcard. iii) Which is contained in the latest Combined VISA and MasterCard Electronic Warning Bulletin. c) ▇▇▇▇▇▇▇▇ agrees not to: i) Alter the total amount of a Sales Draft after the transaction has been completed and the Sales Draft has been signed by the Purchaser. ii) Present Sales Drafts or Credit Vouchers which it knows, or should have known, to be fraudulent or not authorized by the Purchaser. iii) Divide a single transaction between two (2) or more Sales Drafts. iv) Attempt multiple authorizations on a single Bankcard. v) Submit to ▇▇▇▇▇▇ and ▇▇▇▇▇▇▇ any Sales Drafts or Credit Vouchers using Bankcard accounts affiliated with Merchant, its principals or its guarantors. vi) Utilize the credit available on any Bankcard to provide cash advances to Cardholders. vii) Force authorizations. Any of the actions set forth in this subparagraph 7c immediately above will be grounds for immediate termination of this Agreement and all funds of Merchant, including any funds in other Merchant/ Guarantor accounts, may be garnered by ▇▇▇▇▇▇ and placed on hold pursuant to the provisions of Paragraph 13 below.

Transaction Requirements. a) In effecting a Bankcard transaction, Merchant shall, subject to the other provisions of this Paragraph 7 and Paragraphs 8, 9, and 10 herein, complete the Sales Draft or Credit Voucher in the following manner: : i) If the Bankcard is present at the time of the transaction (a “Card Present Transaction”), imprint or swipe through an electronic terminal, with a suitable imprinter or electric printer, all data embossed on the face of the Bankcard and the Merchant’s imprinter plate, or legibly type such data thereon; Merchant shall notify ▇▇▇▇▇▇ and ▇▇▇▇▇▇▇ Moneris in the event that the information on the Merchant’s plate is changed. Whenever the Bankcard’s magnetic stripe cannot be read by the electronic terminal, Merchant shall manually imprint the Bankcard. Failure to do so will constitute a waiver by Merchant of any right to dispute chargebacks arising from the transaction. Each Merchant outlet is required to have its own processing software or terminal, and its own printer and manual imprinter with an accurate Merchant plate for use when its electronic printer is not functional or when the Bankcard’s magnetic stripe cannot be read by the electronic terminal. Merchant understands that sales completed at one location may not be processed through a terminal at another location. ii) Legibly fill in the appropriate spaces thereof showing; (1) the date of the sale; (2) the Sales Draft amount which includes applicable tax for all charges purchased in the same transaction; (3) a brief description of the services in sufficient detail to identify same; (4) the Cardholder’s Bankcard number truncated to bear no more than the last four (4) digits of the Bankcard number; (5) the Cardholder’s name; (6) the authorization number; and (7) Merchant’s name and unique Merchant I.D. number. iii) For a Card Present Transaction, require the Purchaser to sign the Sales Draft in Merchant’s presence. Merchant should retain Bankcard while Purchaser is signing in order to perform signature verification. iv) Obtain authorization pursuant to Paragraph 15 prior to consummating the sale and indicate the authorization code in the appropriate space. THE FLOOR LIMIT ON ALL TRANSACTIONS IS ALWAYS ZERO. ▇▇▇▇▇▇▇▇ understands that authorization shall not, by itself, satisfy Merchant’s obligation to exercise due diligence, nor shall it validate a transaction which would otherwise be invalid. Merchant shall remain fully liable for all chargebacks and fees related to an invalid or disputed transaction whether or not prior authorization was obtained. v) For a Card Present Transaction, complete the transaction only if the signature on the Sales Draft appears to be the same as the authorized signature on the Bankcard and the Bankcard account number read from the magnetic stripe is the same as that embossed on the front of the Bankcard. If such identification is uncertain, or if Merchant otherwise questions or has suspicions regarding the validity of the Bankcard, Merchant shall contact ▇▇▇▇▇▇’▇ and ▇▇▇▇▇▇▇’s authorization center for instructions. Except in the case of a Telephone Order (“TO”), Mail Order (“MO”), Electronic Commerce (“EC”), Preauthorization Order (“PO”), or Recurring Transaction, no sale may be completed if the Purchaser fails to present his or her Bankcard. Furthermore, Merchant shall be liable for all chargebacks for magnetically altered or counterfeit cards. vi) For Card Present Transactions, if the signature panel on the Card is blank, in addition to requesting authorization, Merchant must do all of the following (a signature panel bearing the words “See I.D.” or equivalent language shall be deemed to be blank): (1) Review positive identification to determine that the user is the Cardholder. Such identification must consist of a current, official government identification document (such as a passport or driver’s license) that bears the Cardholder’s signature; (2) Indicate such positive identification (including any serial number and expiration date) on the Sales Draft; and (3) Require the Cardholder to sign the signature panel of the Bankcard prior to completing the transaction. b) In effecting a Bankcard sale, Merchant shall not permit sales through the use of a Bankcard: i) Which is not yet in effect, according to the effective dates thereon, if any. ii) Which is an expired Bankcard. iii) Which is contained in the latest Combined VISA and MasterCard Electronic Warning Bulletin. c) ▇▇▇▇▇▇▇▇ agrees not to: i) Alter the total amount of a Sales Draft after the transaction has been completed and the Sales Draft has been signed by the Purchaser. ii) Present Sales Drafts or Credit Vouchers which it knows, or should have known, to be fraudulent or not authorized by the Purchaser. iii) Divide a single transaction between two (2) or more Sales Drafts. iv) Attempt multiple authorizations on a single Bankcard. v) Submit to ▇▇▇▇▇▇ and ▇▇▇▇▇▇▇ any Sales Drafts or Credit Vouchers using Bankcard accounts affiliated with Merchant, its principals or its guarantors. vi) Utilize the credit available on any Bankcard to provide cash advances to Cardholders. vii) Force authorizations. Any of the actions set forth in this subparagraph 7c immediately above will be grounds for immediate termination of this Agreement and all funds of Merchant, including any funds in other Merchant/ Merchant/Guarantor accounts, may be garnered by ▇▇▇▇▇▇ and placed on hold pursuant to the provisions of Paragraph 13 below.

Transaction Requirements. a) In effecting a Bankcard transaction, Merchant shall, subject to the other provisions of this Paragraph 7 and Paragraphs 8, 9, and 10 herein, complete the Sales Draft or Credit Voucher in the following manner: : i) If the Bankcard is present at the time of the transaction (a “Card Present Transaction”), imprint or swipe through an electronic terminal, with a suitable imprinter or electric printer, all data embossed on the face of the Bankcard and the Merchant’s imprinter plate, or legibly type such data thereon; Merchant shall notify ▇▇▇▇▇▇ and ▇▇▇▇▇▇▇ HMS in the event that the information on the Merchant’s plate is changed. Whenever the Bankcard’s magnetic stripe cannot be read by the electronic terminal, Merchant shall manually imprint the Bankcard. Failure to do so will constitute a waiver by Merchant of any right to dispute chargebacks arising from the transaction. Each Merchant outlet is required to have its own processing software or terminal, and its own printer and manual imprinter with an accurate Merchant plate for use when its electronic printer is not functional or when the Bankcard’s magnetic stripe cannot be read by the electronic terminal. Merchant understands that sales completed at one location may not be processed through a terminal at another location. ii) Legibly fill in the appropriate spaces thereof showing; (1) the date of the sale; (2) the Sales Draft amount which includes applicable tax for all charges purchased in the same transaction; (3) a brief description of the services in sufficient detail to identify same; (4) the Cardholder’s Bankcard number truncated to bear no more than the last four (4) digits of the Bankcard number; (5) the Cardholder’s name; (6) the authorization number; and (7) Merchant’s name and unique Merchant I.D. number. iii) For a Card Present Transaction, require the Purchaser to sign the Sales Draft in Merchant’s presence. Merchant should retain Bankcard while Purchaser is signing in order to perform signature verification. iv) Obtain authorization pursuant to Paragraph 15 prior to consummating the sale and indicate the authorization code in the appropriate space. THE FLOOR LIMIT ON ALL TRANSACTIONS IS ALWAYS ZERO. ▇▇▇▇▇▇▇▇ Merchant understands that authorization shall not, by itself, satisfy Merchant’s obligation to exercise due diligence, nor shall it validate a transaction which would otherwise be invalid. Merchant shall remain fully liable for all chargebacks and fees related to an invalid or disputed transaction whether or not prior authorization was obtained. v) For a Card Present Transaction, complete the transaction only if the signature on the Sales Draft appears to be the same as the authorized signature on the Bankcard and the Bankcard account number read from the magnetic stripe is the same as that embossed on the front of the Bankcard. If such identification is uncertain, or if Merchant otherwise questions or has suspicions regarding the validity of the Bankcard, Merchant shall contact ▇▇▇▇▇▇’▇ and ▇▇▇▇▇▇▇HMS’s authorization center for instructions. Except in the case of a Telephone Order (“TO”), Mail Order (“MO”), Electronic Commerce (“EC”), Preauthorization Order (“PO”), or Recurring Transaction, no sale may be completed if the Purchaser fails to present his or her Bankcard. Furthermore, Merchant shall be liable for all chargebacks for magnetically altered or counterfeit cards. vi) For Card Present Transactions, if the signature panel on the Card is blank, in addition to requesting authorization, Merchant must do all of the following (a signature panel bearing the words “See I.D.” or equivalent language shall be deemed to be blank): (1) Review positive identification to determine that the user is the Cardholder. Such identification must consist of a current, official government identification document (such as a passport or driver’s license) that bears the Cardholder’s signature; (2) Indicate such positive identification (including any serial number and expiration date) on the Sales Draft; and (3) Require the Cardholder to sign the signature panel of the Bankcard prior to completing the transaction. b) In effecting a Bankcard sale, Merchant shall not permit sales through the use of a Bankcard: i) Which is not yet in effect, according to the effective dates thereon, if any. ii) Which is an expired Bankcard. iii) Which is contained in the latest Combined VISA and MasterCard Electronic Warning Bulletin. c) ▇▇▇▇▇▇▇▇ Merchant agrees not to: i) Alter the total amount of a Sales Draft after the transaction has been completed and the Sales Draft has been signed by the Purchaser. ii) Present Sales Drafts or Credit Vouchers which it knows, or should have known, to be fraudulent or not authorized by the Purchaser. iii) Divide a single transaction between two (2) or more Sales Drafts. iv) Attempt multiple authorizations on a single Bankcard. v) Submit to ▇▇▇▇▇▇ and ▇▇▇▇▇▇▇ HMS any Sales Drafts or Credit Vouchers using Bankcard accounts affiliated with Merchant, its principals or its guarantors. vi) Utilize the credit available on any Bankcard to provide cash advances to Cardholders. vii) Force authorizations. Any of the actions set forth in this subparagraph 7c immediately above will be grounds for immediate termination of this Agreement and all funds of Merchant, including any funds in other Merchant/ Merchant/Guarantor accounts, may be garnered by ▇▇▇▇▇▇ and placed on hold pursuant to the provisions of Paragraph 13 below.