Merchant Processor definition

Merchant Processor means a merchant processor with which Company has entered into a credit card authorization agreement and that is acceptable to Bank.
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Merchant Processor. “Data Storage Entity”, “Payment Service Provider”, “Internet Payment Service Provider”, or “Payment Facilitator” who acts for or on behalf of Merchant within the meaning of the Operating Rules, and any other person or entity who will store, transmit, process, or otherwise have access to, any Cardholder or card transaction data in connection with Merchant’s performance of Merchant’s obligations under this Agreement.
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Merchant Processor means OSU’s payment card processing servicer, which is Banc of America Merchant Services, LLC as of the date hereof; and
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Examples of Merchant Processor in a sentence

  • During the term of this Agreement, Borrower shall maintain a processing relationship for all its credit card and debit card sales with Merchant Processor.

  • Borrowers and Merchant Processor have entered into the Merchant Processing Agreement, pursuant to which Merchant Processor will process the Borrower’ electronic cash receipts including but not limited to credit card receipts and debit card receipts, and Borrower shall be at all times in full compliance with the terms of the Merchant Processor Agreement.

  • The Merchant Processor Agreement shall provide that all the amounts received for credit card sales to be deposited or transferred daily into the Lock Box Account or any other account as designated by MCI in writing and which is either in the name of MCI or subject to a Control Agreement for the benefit of MCI.

  • Borrower shall not change remittance instructions to the Merchant Processor without the prior written consent of MCI and shall not in any way interfere with the notification or remittance instructions provided by MCI to Merchant Processor.

  • The Borrower shall not change or add a new Merchant Processor without the prior written consent of MCI and such Merchant Processor shall be subject to the Merchant Processing Agreement.


More Definitions of Merchant Processor

Merchant Processor means OSU’s credit card processing servicer;
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Merchant Processor means and refer to a bank, financial institution or company that provides Merchant with a Merchant Services’ account for the processing of Merchant's Transactions.
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Merchant Processor means an entity reasonably acceptable to MCI, that agrees, pursuant to a Merchant Processing Agreement or otherwise, to process the credit card, debit cards, or other sales of Borrower and direct all amounts received for the credit card sales to the account that MCI designates in writing or pursuant to a tri-party agreement reasonably acceptable to MCI.
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Merchant Processor an entity reasonably acceptable to Lender, that agrees, pursuant to a Merchant Processing Agreement or otherwise, to process the credit card, debit cards, or other sales of Borrowers and direct the Credit Card Sales Percentage to Lender pursuant to a tri-party agreement reasonably acceptable to Lender.
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Merchant Processor means USB or, if the USB Contract is terminated or USB ceases to be a member of MasterCard and/or Visa, the Replacement Merchant Processor appointed with the approval of the Controlling Beneficiary.
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Merchant Processor means Universal Processing Services of Wisconsin LLC d/b/a Newtek Merchant Solutions (“NMS”) or any replacement thereof if replaced under the provisions set forth pursuant to the terms of Section 2.4 hereof.
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Merchant Processor means a transaction router or other party acting as the processor to which the Merchant sends the card transactions acquired by it.
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