Common use of Chargeback Processing Clause in Contracts

Chargeback Processing. 11.3.1 Planet Payment will make available all retrieval requests and/or chargeback related information to Acquirer in accordance with the Timing Chart and in any event within [*] after Planet Payment receives the relevant files from the Card Associations. All Card Association Incoming data shall be updated and made available to Acquirer. 11.3.2 Any chargebacks received for POS Transaction downgrading and/or MiGS e-commerce Foreign Transactions on account of e-commerce transactions being downgraded to non-3DSecure and non-Secure Code status solely as a result of a failure on the Planet Payment Platform and not as a result of the failure of the Acquirer Merchant, or any VAR to provide all of the necessary data elements, will be the liability of Planet Payment and Acquirer will recover the full amount of any chargebacks or any Card Associations penalties/assessments which may arise on such Transactions from Planet Payment.