All Card Present Transactions Clause Samples
The "All Card Present Transactions" clause defines the rules and requirements that apply to transactions where the payment card is physically presented at the point of sale. This typically covers in-person purchases at retail locations, where the card is swiped, inserted, or tapped using a payment terminal. The clause may specify security protocols, liability for fraudulent transactions, and compliance with payment network standards. Its core function is to ensure that both merchants and payment processors handle card-present transactions securely and in accordance with industry regulations, thereby reducing the risk of fraud and disputes.
All Card Present Transactions. In respect of all Card Present Transactions, Merchant agrees as follows:
a. to provide adequate protection against disclosure of a Cardholder’s PIN during its entry in a Transaction and exercise care and diligence in protecting the confidentiality of Cardholder’s PIN;
b. to locate PEDS so as to minimize the possibility of disclosing the PIN of a Cardholder during a Cardholder’s entry of his/her PIN in a Transaction;
c. not to ask a Cardholder for his/her PIN at any time;
d. not to require or disclose a Cardholder’s PIN in clear text form;