Common use of Credit Card Sales Clause in Contracts

Credit Card Sales. The Authority maintains separate agreements with credit card processing services for the handling of credit card payments by Airport public parking customers. These credit card receipts are deposited periodically by the credit card processors directly to an Authority account designated for this purpose. The credit card processors will make periodic withdrawals from this account to compensate for chargebacks, discount fees, and transaction fees as permitted by their agreements with the Authority. The Contractor shall be responsible for accurately recording all public parking patrons' credit card transactions and providing a copy of such records to the Authority as requested; researching credit card payment disputes between the customer and the company or between the Authority and the company; reviewing credit card summary statement reports provided by the credit card processors; and reconciling the Contractor's credit card sales records with the credit card processors' deposits of credit card receipts and the charge-backs, discount fees, and transaction fees paid to the credit card processors. The Contractor will be given access to the credit card processors' reports and statements needed to accomplish these tasks. The Contractor shall be responsible for ensuring there is constant communication between the Authority credit card processing equipment and the credit card processors equipment and shall immediately notify the Authority in the event of a communication loss resulting in lost revenue. The Contractor will immediately notify the Authority of any potential unusual or excessive practices, any potential unauthorized disclosure or use of customer or Authority information, or other questions, discrepancies or concerns.

Credit Card Sales. The Authority maintains separate agreements with credit card processing services for the handling of credit card payments by Airport public parking customers. These credit card receipts are deposited periodically by the credit card processors directly to an Authority account designated for this purpose. The credit card processors will make periodic withdrawals from this account to compensate for chargebacks, discount fees, and transaction fees as permitted by their agreements with the Authority. The Contractor shall be responsible for accurately recording all public parking patrons' credit card transactions and providing a copy of such records to the Authority as requested; researching credit card payment disputes between the customer and the company or between the Authority and the company; reviewing credit card summary statement reports provided by the credit card processors; and reconciling the Contractor's credit card sales records with the credit card processors' deposits of credit card receipts and the charge-backs, discount fees, and transaction fees paid to the credit card processors. The Contractor will be given access to the credit card processors' reports and statements needed to accomplish these tasks. The Contractor shall be responsible for ensuring there is constant communication between the Authority Authority’s credit card processing equipment and the credit card processors processors’ equipment and shall immediately notify the Authority in the event of a communication loss resulting in lost revenue. The Contractor will shall immediately notify the Authority of any potential unusual or excessive practices, any potential unauthorized disclosure or use of customer or Authority information, or other questions, discrepancies discrepancies, or concerns.

Credit Card Sales. The Authority maintains separate agreements with credit card processing services for the handling of credit card payments by Airport public parking customers. These credit card receipts are deposited periodically by the credit card processors directly to an Authority account designated for this purpose. The credit card processors will make periodic withdrawals from this account to compensate for chargebacks, discount fees, and transaction fees as permitted by their agreements with the Authority. The Contractor shall be responsible for accurately recording all public parking patrons' credit card transactions and providing a copy of such records to the Authority as requested; researching credit card payment disputes between the customer and the company or between the Authority and the company; reviewing credit card summary statement reports provided by the credit card processors; and reconciling the Contractor's credit card sales records with the credit card processors' deposits of credit card receipts and the charge-backs, discount fees, and transaction fees paid to the credit card processors. The Contractor will be given access to the credit card processors' reports and statements needed to accomplish these tasks. The Contractor shall be responsible for ensuring there is constant communication between the Authority Authorities credit card processing equipment and the credit card processors processors’ equipment and shall immediately notify the Authority in the event of a communication loss resulting in lost revenue. The Contractor will shall immediately notify the Authority of any potential unusual or excessive practices, any potential unauthorized disclosure or use of customer or Authority information, or other questions, discrepancies or concerns.