Card Processing Services definition

Card Processing Services means any services described in, and provided by Autobooks or Bank to User pursuant to this Exhibit E, including but not limited to the authorization, settlement, and capture services for the acceptance of Cards as further described herein.
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Card Processing Services or “Service” means the authorization and settlement of payments with the cards (present and not-present) with the logo of the Card Organizations, subject to all terms of this Agreement and the Rules of the Card Organizations;
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Card Processing Services. Global Direct's credit card processing services consist of authorization and electronic draft capture of credit card transactions; outclearing of such transactions to the appropriate card associations and/or issuers (e.g., Visa, MasterCard, Diners, Discover); settlement; dispute resolution with cardholders' banks; and transaction‐related reporting, statements and products. From time to time under this Card Services Agreement, upon Merchant's request, Global Direct may facilitate the transmission of certain payment card transactions ("Switched Transactions") to the respective card issuers, including but not limited to American Express®, Diners Club® and various fleet, private label and commercial cards. Switched Transactions require Global Direct's prior written approval and are subject to applicable pricing; Global Direct does not purchase the indebtedness associated with Switched Transactions. EBT Transaction Processing Services: Global Direct offers electronic interfaces to Electronic Benefits Transfer ("EBT") networks for the processing of cash payments or credits to or for the benefit of benefit recipients ("Recipients"). Global Direct will provide settlement and switching services for various Point of Sale transactions initiated through Merchant for the authorization of the issuance of the United States Department of Agriculture, Food and Nutrition Services ("FNS") food stamp benefits ("FS Benefits") and/or government delivered cash assistance benefits ("Cash Benefits," with FS Benefits, "Benefits") to Recipients through the use of a state‐issued card ("EBT Card"). Provisions regarding debit card services are set forth in Section 27 below. With respect to Visa and MasterCard products, Merchant may elect to accept credit cards or debit/ prepaid cards or both. Merchant shall so elect on the Merchant Application being completed contemporaneously herewith. Merchant agrees to pay and Merchant's account(s) will be charged pursuant to Section 5 of this Card Services Agreement for any additional fees incurred as a result of Merchant's subsequent acceptance of transactions with any Visa or MasterCard product that it has elected not to accept.
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Examples of Card Processing Services in a sentence

  • To the extent that payment is received through Autobooks’ Check Services, ACH Services, or Card Processing Services, the Accounting Services will generate a corresponding journal entry.

  • Such invoices may, at Autobooks sole discretion, designate payment options or methods using Autobooks’ Check Services, ACH Services, or Card Processing Services, and if so, the terms set forth in the applicable exhibits of this Agreement shall apply.

  • The processing of prohibited transactions may result in termination of the Card Processing Services, chargebacks, fines, and assessments from the Card Brands, and/or legal action against User, among other potential consequences.

  • In no event shall Acquirer have any liability to Merchant with respect to these Supplemental Terms or the Card Processing Services, except that Acquirer shall be liable to Merchant for its failure to settle funds in accordance with Section 3 of these Supplemental Terms.

  • User will pay the fees set forth in the fee schedule provided by Autobooks with respect to the Card Processing Services.

  • User acknowledges that Autobooks and Bank are not responsible for the systems of any third party, including without limitation User’s service providers or TPSPs, and that Autobooks and Bank shall not have any liability for the security or availability of communications connections used with the Card Processing Services.

  • These User Guidelines (“User Guidelines”) are provided to facilitate compliance with the Rules and other Card Brand requirements with respect to the Card Processing Services and User’s acceptance of Cards.

  • In the event that Merchant has any claim arising in connection with the Card Processing Services, rights, and/or obligations defined in these Supplemental Terms, other than Acquirer’s failure to settle funds to the Merchant-Owned Designated Account or to the Provider Designated Account, Merchant shall proceed against Autobooks and not against Acquirer, unless otherwise specifically set forth in the Rules.

  • The TPSP is sponsored by Bank to enable Autobooks to participate in programs affiliated with the Card Brands in connection with the Card Processing Services.

  • Services only if Autobooks is providing the Card Processing Services to User as a registered payment facilitator pursuant to the Card Brand Rules.

Related to Card Processing Services

  • Processing Services means those services described herein or commonly performed under the management and direction of Bank by a Card Processor or Credit Processor which are necessary to manage a Program and process transactions in accordance with Applicable Law. Such services shall include but shall not be limited to: set-up and maintenance of a Program and Cards, transaction authorization, processing, clearing and Settlement, System access, Card Services, Credit Services, Cardholder dispute resolution, collections, System compliance, regulatory compliance, security and fraud control, and activity reporting.

  • Claims processing services means the administrative services performed in connection with the processing and adjudicating of claims relating to pharmacist services that include:

  • Credit Card Processor means any servicing or processing agent or any factor or financial intermediary who facilitates, services, processes or manages the credit authorization, billing transfer and/or payment procedures with respect to any Borrower’s sales transactions involving credit card or debit card purchases by customers using credit cards or debit cards issued by any Credit Card Issuer.

  • Program services means services that include all of the following provided they are pursuant to a program agreement: program needs assessment and development, job task analysis, curriculum development and revision, instruction, instructional materials and supplies, computer software and upgrades, instructional support, administrative and student services, related school to career training programs, skill or career interest assessment services and testing and contracted services.

  • Data Processing Equipment means any equipment, computer hardware, or computer software (and the lease or licensing agreements related thereto) other than Personal Computers, owned or leased by the Failed Bank at Bank Closing, which is, was, or could have been used by the Failed Bank in connection with data processing activities.