Common use of Card Information Clause in Contracts

Card Information. Company represents to Bank that Company does not have access to Card information (such as the Cardholder’s Card account number, expiration date, and CVV2) and Company will not request access to such Card information from Bank or Payment Facilitator. In the event that Company receives such Card information in connection with the processing services provided under this Service Description, Company agrees that it will immediately destroy the information and not use it for any fraudulent purpose or in violation of any Card Network Rules, including but not limited to Payment Card Industry Data Security Standards or applicable law. If at any time Company believes that Card information has been compromised, Company must notify Bank promptly and assist in providing notification to the proper parties. Company must ensure its compliance and that of any Third-Party Service Provider used by Company, with all security standards, laws, regulations, and guidelines that are applicable to Company and published from time to time by the Card Networks, including, without limitation, the Card Security Guidelines. If any Card Network requires an audit of Company due to an actual or suspected data security compromise event, Company agrees to cooperate with such audit. Company may not use any Card information other than for the sole purpose of completing the Transaction authorized by the Cardholder for which the information was provided to Company, or as specifically allowed by Card Network Rules, Operating Procedures, or required by law.

Card Information. Company represents to Bank that Company does not have access to Card information (such as the Cardholder’s Cardholder Card account numbernumbers, Card expiration datedates, and CVV2or security codes) and nor will Company will not request access to any such Card information from Cardholders, Bank or Payment Facilitator. In the event that If Company receives such Card information in connection with the processing services provided under this Service DescriptionService, Company agrees that it will immediately destroy the information and not use it for any fraudulent purpose or in violation of any Card Network Rulesapplicable rule or law including, including but not limited to the Card Network Rules or the Payment Card Industry Data Security Standards or applicable lawStandards. If at any time Company believes that Card information has been compromised, Company must immediately notify Bank promptly and assist assist, as necessary, in providing notification and relevant information to the proper parties. Company must ensure its compliance and that of any Thirdthird-Party Service Provider party service provider used by Company, with all security standards, laws, regulations, standards and guidelines that are applicable to Company and published from time to time by the Visa U.S.A., Inc., MasterCard Worldwide or any other Card NetworksNetwork, including, without limitation, the Card Security Guidelines. If any Card Network requires an audit of Company due to an actual or suspected a data security compromise event or suspected event, Company agrees to cooperate with such audit. Company may not use any Card information other than for the sole purpose of completing the Transaction transaction authorized by the Cardholder client for which the information was provided to Company, or as specifically allowed by Card Network Rules, Operating Procedures, or required by law.