Card Processor definition

Card Processor means a third-party payment network card (e.g., Global Processing Services) processor.
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Card Processor means any Person engaged from time to time by Bank to (i) produce, emboss and deliver Cards, (ii) assemble enrollment kits, (iii) effect and process Cardholders’ transactions on the Cards, and (iv) perform any other Processing Services on behalf of Bank with respect to a Card Program.
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Card Processor means the third party acquirer or other service provider that pays you the Settlement Amounts.
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Examples of Card Processor in a sentence

  • If Purchaser permits Merchant to use a different payment card processor, the new processor shall become the Approved Card Processor.

  • Merchant acknowledges that the Approved Card Processor will be acting on behalf of Purchaser to collect the Specified Percentage of Future Receipts.

  • Purchaser shall have no obligation to refund or return the Amount Sold or any portion thereof to Merchant in the event that the Approved Card Processor or any other Receipts Custodian initiates a refund, credit, reversal, or chargeback of a transaction subject to this Agreement, as such adjustments typically are netted against future card volume.

  • Merchant shall instruct such Approved Card Processor to remit each week to Purchaser the Specified Percentage of the Future Receipts for that week, and to remit the balance (less any fees charged by the Approved Card Processor) to Merchant.

  • After this Agreement has been executed by P▇▇▇▇▇▇▇▇ and Merchant, Purchaser has the option in its sole and absolute discretion to conduct a processing trial (the “Processing Trial”) to determine whether the Specified Percentage will be correctly processed and/or reported by the Approved Card Processor to Purchaser.

  • Merchant agrees to process all of its payment card transactions through the Approved Card Processor, and not to switch to a different payment card processor or use an additional payment card processor without Purchaser’s express written consent.

  • In order to ensure Merchant’s compliance with the terms of this Agreement, Merchant hereby grants Purchaser the right to enter, without notice, the premises of Merchant’s business for the purpose of inspecting and checking Seller’s transaction processing terminals to ensure the terminals are properly programmed to submit and or batch Merchant’s Future Receipts to its Approved Card Processor and to ensure that Merchant has not violated any other provision of this Agreement.

  • If the Lockbox Method is used, Merchant hereby authorizes Purchaser to initiate a lockbox arrangement and to instruct Merchant’s Approved Card Processor and Merchant’s invoiced customers/clients/vendees to deposit all sums due to Merchant from each of those parties directly to the Lockbox Account.

  • Under the Payment Card Split Method, Merchant shall exclusively use a single Approved Card Processor (defined below) to process all payments made by credit, debit, and other payment cards for Merchant’s goods and services.

  • The Prepaid Card Processor is responsible for processing all transactions initiated with the Prepaid Card.


More Definitions of Card Processor

Card Processor means the institution which processes card transactions on our behalf.
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Card Processor means a third-party payment network card (e.g., GPS) processor.
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Card Processor means an outsourced service provider appointed by a Card Programme Manager who provided IT services (in particular, Payment Authorisation Services) in relation to a Card Programme;
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Card Processor means an outsource service provider appointed by a Card Programme Manager and formally approved by the Firm to predominantly provide IT services (including Payment Authorisation Services) in relation to a Card Programme;
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Card Processor means U.S. Bank National Association in its capacity as "Bank" under the Card Processing Agreement.
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Card Processor means the company or other applicable association used by the Client for the processing of credit card payments.
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Related to Card Processor

  • 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.

  • Sub-processor means a third party engaged by the Processor for carrying out processing activities in respect of the Personal Data on behalf of the Processor;

  • Contracted Processor means a Subprocessor;

  • Data Processor means an entity that processes Personal Data on behalf of a Data Controller.

  • Processor means a natural or legal person, public authority, agency or other body which processes personal data on behalf of the controller;