Transmission Method. If Merchant utilizes electronic authorization and/or data capture services, Merchant will enter the data related to a sales or credit Transaction into a computer terminal or magnetic stripe reading terminal no later than the close of business on the date the Transaction is completed. If Merchant provides its own electronic terminal or similar device, such terminals must meet Paya’s and Bank’s requirements for processing Transactions. Information regarding a sales or credit Transaction transmitted with a computer or magnetic stripe reading terminal will be transmitted by Merchant to Paya or its agent(s) in the form Paya from time to time specifies, or as required under the Rules. If Bank and Paya request a copy of a Sales Draft, credit voucher or other Transaction evidence, Merchant will provide it within 3 business days following the request. The means of transmission indicated in the Application shall be the exclusive means utilized by Merchant until Merchant has provided Paya with at least 30 days prior written notice, with a copy to Bank, of Merchant’s intention to change the means of such delivery or otherwise to alter in any material respect Merchant’s medium of transmission of data to Paya.
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Sources: Merchant Agreement, Merchant Agreement
Transmission Method. If Merchant utilizes electronic authorization and/or data capture services, Merchant will enter the data related to a sales or credit Transaction transaction into a computer terminal or magnetic stripe reading terminal no later than the close of business on the date the Transaction transaction is completed. If Merchant provides its own electronic terminal or similar device, such terminals must meet PayaCornerstone’s and Bank’s requirements for processing Transactionstransactions. Information regarding a sales or credit Transaction transaction transmitted with a computer or magnetic stripe reading terminal will be transmitted by Merchant to Paya Cornerstone or its agent(s) in the form Paya Cornerstone from time to time specifies, or as required under the Rules. If Bank and Paya Cornerstone request a copy of a Sales Draft, credit voucher or other Transaction transaction evidence, Merchant will provide it within 3 business days following the request. The means of transmission indicated in the Merchant Application shall be the exclusive means utilized by Merchant until Merchant has provided Paya Cornerstone with at least 30 days prior written notice, with a copy to Bank, of Merchant’s intention to change the means of such delivery or otherwise to alter in any material respect Merchant’s Merchant medium of transmission of data to PayaCornerstone.
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