Tokenization Service definition

Tokenization Service means the services performed by ISO on behalf of Merchant as described in this Article XI.
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Tokenization Service means the Processor TransForm Tokenization and/or OmniToken branded services designed to move Merchant's customer cardholder data offsite to Processor's PCI DSS compliant storage facility. Processor's servers create and then return a unique PAI/TokenID to the Merchant's software application. Encryption is used to protect cardholder data while in transit. Using the PAI/TokenID, Merchant can bill a card on file and/or schedule automatic payments, enabling the Merchant to securely process transactions from payment accountrecords.
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Examples of Tokenization Service in a sentence

  • In order to use the Tokenization Service, Merchant must be a direct or gateway merchant of ISO.

  • Verifone’s Tokenization Service has been validated as PCI DSS compliant.

  • The Tokenization Service will allow Merchant to transfer its Cardholder payment account data offsite to ISO and use a unique token provided to Merchant by ISO to allow Merchant to process Transactions via the ISO-stored account numbers (“SANs”).

  • The TransForm® Tokenization Service is being provided to Merchant by Processor "as-is" and without any warranty of any kind.

  • Processor will charge Merchant the monthly fee set forth in the Application per MID for its use of the TransForm Tokenization Service.

  • The Tokenization Service is being provided to Merchant by Processor "as-is" and without any warranty of any kind.

  • These Tokenization Service terms will run coterminous with the Merchant Processing Agreement.

  • The rate and fees set forth in the Application for Tokenization Service and Account Updater apply.

  • In addition to the terms of the Agreement, these TransForm Tokenization Service terms apply to Merchant’s use of the Account Updater Service and TransForm Tokenization Service to store authorized customer billing information for recurring transactions and may be provided by Processor and one or more affiliates of Processor.

  • The parties expressly agree that the total liability of Processor (including, without limitation, for Processor's performance or the failure of such performance hereunder, or for any breach hereof) will be exclusively limited to an amount equal to the aggregate Tokenization Service fees actually received by Processor from Merchant during the one month period ending on the date on which the event giving rise to the claim for damages occurred.

Related to Tokenization Service

  • Generation Service means the sale of electricity, including ancillary services such as the provision of reserves, to a Customer by a Competitive Supplier.

  • Interconnection Service means the physical and electrical interconnection of the Customer Facility with the Transmission System pursuant to the terms of Tariff, Part IV and Tariff, Part VI and the Interconnection Service Agreement entered into pursuant thereto by Interconnection Customer, the Interconnected Transmission Owner and Transmission Provider.

  • Basic generation service or "BGS" means electric generation

  • Information Service is the offering of a capability for generating, acquiring, storing, transforming, processing, retrieving, utilizing, or making available information via Telecommunications, and includes electronic publishing, but does not include any use of any such capability for the management, control, or operation of a Telecommunications system or the management of a Telecommunications Service.

  • E911 Service means the functionality to route wireless 911 calls and the associated caller and/or location data of the wireless end user to the appropriate Public Safety Answering Point.