Common use of What We Do Clause in Contracts

What We Do. 1.1. We have a unified payment system that enables You to accept payment cards from Your customers by using the InterPayments Solution to connect to third party Processing Entities. 1.2. We are not a financial institution, acquiring bank, payment processor or money transmitter business. The chief role of the InterPayments Solution is to serve as a processing conduit. More specifically, we transmit to Processing Entities information regarding payment card transactions submitted by You at the time of sale; and relay to You notice of their acceptance or refusal as received by such Processing Entities. You, not InterPayments, will be fully and solely responsible for verifying the accuracy and completeness of all card transactions You submit via the InterPayments Solution, including determining the appropriate action to be taken for each such transaction (accept, void, or reject). We have no control of, or responsibility for, processing or filling any orders for purchases by Cardholders or for handling any related customer inquiries. Without limiting the effect of any provision of this Agreement, you acknowledge and agree that in providing the InterPayments Solution, we do not assume any responsibility, liability, risk, oversight, control, or any other direct or indirect involvement with respect to any transaction You may enter into with Cardholders. 1.3. Notwithstanding the foregoing, we may, in our sole discretion, monitor Your use of the InterPayments Solution and disclose such use (including any transaction data, Cardholder information and all other information related to Your business) to the Processing Entities authorized by You for the purpose of engaging in the Transactions contemplated under this Agreement, to law enforcement agencies or other tribunals of competent authority and jurisdiction upon proper inquiry or pursuant to court order or other legal compulsion.

What We Do. 1.1. We have a unified payment system that enables You to accept payment cards from Your customers by using the InterPayments FroogalPay Solution to connect to third party Processing Entities. 1.2. We are not a financial institution, acquiring bank, payment processor or money transmitter business. The chief role of the InterPayments FroogalPay Solution is to serve as a processing conduit. More specifically, we transmit to Processing Entities information regarding payment card transactions submitted by You at the time of sale; and relay to You notice of their acceptance or refusal as received by such Processing Entities. You, not InterPaymentsFroogalPay, will be fully and solely responsible for verifying the accuracy and completeness of all card transactions You submit via the InterPayments FroogalPay Solution, including determining the appropriate action to be taken for each such transaction (accept, void, or reject). We have no control of, or responsibility for, processing or filling any orders for purchases by Cardholders or for handling any related customer inquiries. Without limiting the effect of any provision of this Agreement, you You acknowledge and agree that in providing the InterPayments FroogalPay Solution, we do not assume any responsibility, liability, risk, oversight, control, or any other direct or indirect involvement with respect to any transaction You may enter into with Cardholders. 1.3. Notwithstanding the foregoing, we may, in our sole discretion, monitor Your use of the InterPayments FroogalPay Solution and disclose such use (including any transaction data, Cardholder information and all other information related to Your business) to the Processing Entities authorized by You for the purpose of engaging in the Transactions contemplated under this Agreement, to law enforcement agencies or other tribunals of competent authority and jurisdiction upon proper inquiry or pursuant to court order or other legal compulsion.