Debit Networks definition

Debit Networks refers to those regional and national Debit Card networks accepted by Bank, including but not limited to the following organizations and their successors: Star, NYCE, Pulse, Interlink, AFFN, Alaska, ▇▇▇▇▇▇, Accel, Maestro and Money Station. This Section (2.06) pertains only to transactions authorized, captured and settled through such Debit Network.
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Debit Networks means the Authorization networks utilized by Merchant for PIN Debit Transactions.
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Debit Networks means the authorization networks utilized by Merchant for PIN Debit Transactions.
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Examples of Debit Networks in a sentence

  • All uses by you of decals, signs, printed and broadcast materials and other promotional materials must be in conformity with the requirements of the Debit Networks, Processor, and Member Bank.

  • Processor or Member Bank, the Issuer and the Debit Networks shall not be liable for any losses suffered by you arising from the use of the store and forward function.

  • You must submit all information requested by the Debit Networks, Processor or Member Bank, including but not limited to lists and mailing addresses of terminals.

  • Your acceptance of cards, bearing the symbols of organizations other than the Debit Networks or the Card Organizations, such as American Express and transmission of such card transactions to Processor will constitute your agreement to the terms of this Agreement with regard to such cards.

  • You shall not sell, purchase, provide, or exchange account number information in any form, including but not limited to, transaction receipts, carbon copies of transaction receipts, mailing lists, tapes, to any third party other than to your agents for the purpose of assisting you in your business, or to the Debit Networks, Processor or Member Bank, or pursuant to a government request.

  • Except as the Debit Networks may permit, Merchant will not make any cash refunds or payments for returns or adjustments on Debit Card transactions but will instead complete an adjustment form provided or approved by Bank.

  • Operating Rules of the Debit Networks may differ among them with respect to the transactions they allow.

  • Bank will facilitate the transfer of funds received from the Debit Networks as a result of Merchant's transaction activity.

  • Debit Networks, Bank or its designated agent, on behalf of itself or others, shall have the right to inspect Merchant security systems and procedures from time to time after reasonable notice to Merchant.

  • Debit Networks, NMS, Bank or any of their designated agents, on behalf of itself or others, shall have the right to inspect Merchant security systems and procedures from time to time after reasonable notice to Merchant.


More Definitions of Debit Networks

Debit Networks means the electronic funds transfer networks indicated on Exhibit A, and any entity that owns such networks, including but not limited to Visa and MasterCard.
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Debit Networks means the telecommunications and processing system of shared electronic funds transfer networks.
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Debit Networks means those debit card networks accepted by NPC. “Non-Bankcard Cards” refers to any form of electronic payment, including, but not limited to, American Express or any other issuer of credit/debit/check cards, except for electronic payments involving Visa, MasterCard or Discover Network (including Discover Network Cards). “Cards” mean Credit Cards, PIN-Debit Cards and/or Non-Bankcard Cards that you have requested to accept as indicated on the Merchant Application. You may selectively reject or decline transaction requests for Visa or MasterCard Card account numbers that are within a product category not accepted by you. Should you submit a transaction outside of the Visa or MasterCard Card or product categories regularly accepted by you, there is no requirement for NPC or Member Bank to reject the transaction. If you elect limited Card acceptance as set forth on the Merchant Application, any transaction submitted into interchange outside of the selected Visa or MasterCard Card or product category will be assessed the standard interchange reimbursement fee applicable to that product or any other applicable fee set forth on the Merchant Application. Your initial election will be made in your Merchant Application. If you wish to modify your election and NPC agrees to said modification, then you will provide NPC sixty (60) days advance notice of your intent to change said election in writing, and you will be responsible for any Visa or MasterCard charges assessed as a result of your limited acceptance and any and all costs incurred by NPC or Member Bank as a result of your election. These acceptance options apply only to U.S. issued Cards. The Visa and MasterCard Rules require merchants accepting any Card product bearing a Visa or MasterCard symbol to continue to accept both debit and credit card products issued by non-U.S. members.
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Debit Networks means those debit card networks accepted by NPC. “Non-Bankcard Cards” refers to any form of electronic payment, including, but not limited to, American Express cards if you are not placed in the American Express OnePoint program or if at any time American Express declines your participation in the American Express OnePoint program, or any other issuer of credit/debit/check cards, except for electronic payments involving Visa, MasterCard or Discover Network (including Discover Network Cards). “Cards” mean Credit Cards, PIN-Debit Cards and/or Non-Bankcard Cards that you have requested to accept as indicated on the Merchant Application. You may selectively reject or decline transaction requests for Visa or MasterCard Card account numbers that are within a product category not accepted by you. Should you submit a transaction outside of the Visa or MasterCard Card or product categories regularly accepted by you, there is no requirement for NPC or Member Bank to reject the transaction. If you elect limited Card acceptance as set forth on the Merchant Application, any transaction submitted into interchange outside of the selected Visa or MasterCard Card or product category will be assessed the standard interchange reimbursement fee applicable to that product or any other applicable fee set forth on the Merchant Application. Your initial election will be made in your Merchant Application. If you wish to modify your election and NPC agrees to said modification, then you will provide NPC sixty (60) days advance notice of your intent to change said election in writing, and you will be responsible for any Visa or MasterCard charges assessed as a result of your limited acceptance and any and all costs incurred by NPC or Member Bank as a result of your election. These acceptance options apply only to U.S. issued Cards. The Visa and MasterCard Rules require merchants accepting any Card product bearing a Visa or MasterCard symbol to continue to accept both debit and credit card products issued by non-U.S. members.
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Related to Debit Networks

  • BT Network means the communications network owned or leased by BT and used to provide a Service.

  • ACH Network means the funds transfer system, governed by the NACHA Rules, that provides funds transfer services to participating financial institutions.

  • Merchant Network Upgrades means additions to, or modifications or replacements of, physical facilities of the Interconnected Transmission Owner that, on the date of the pertinent Transmission Interconnection Customer’s Upgrade Request, are part of the Transmission System or are included in the Regional Transmission Expansion Plan.

  • Mobile Network means the network facilities and/or network services comprising the public cellular network for the provision of Call Communications.

  • Card Network means Visa U.S.A., Inc., MasterCard International, Inc., American Express Travel Related Services Company, Inc., DFS Services LLC (the owner of Discover) and their affiliates, or any other payment networks approved by Bank that provide Cards accepted by Merchant.