Common use of Daily Transmissions Clause in Contracts

Daily Transmissions. Planet Payment shall transmit all authorization data and Transactions submitted by Merchants, in mutually agreed file formats to Acquirer for clearing and settlement with the applicable Card Associations in accordance with the timing chart which will be agreed by the parties and contained in the project implementation plan for the Designated Territory prior to commencement of Transaction processing hereunder (“Timing Chart”), subject to timely receipt of the required Transaction data from the Merchant.

Appears in 2 contracts

Samples: Service Agreement (Planet Payment Inc), Service Agreement (Planet Payment Inc)

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Daily Transmissions. Planet Payment shall transmit for clearing all authorization data and Transactions submitted by MerchantsMerchant, in mutually agreed file formats to Acquirer for clearing and settlement with under the applicable proper ICAs and/or BINs before the established Card Associations Association daily deadline on Banking Days in accordance with the timing chart which will be agreed by the parties and contained in the project implementation plan for the Designated Territory prior attached to commencement of Transaction processing hereunder this Schedule 2 as Exhibit A (“Timing Chart”), subject to timely receipt of the required Transaction data from the Merchant.

Appears in 2 contracts

Samples: Service Agreement (Planet Payment Inc), Service Agreement (Planet Payment Inc)

Daily Transmissions. Planet Payment shall transmit for clearing all authorization data and Transactions submitted by MerchantsMerchant, in mutually agreed file formats to Acquirer for clearing and settlement with under the applicable proper ICAAs and/or BINs before the established Card Associations Association daily deadline on Banking Days in accordance with the timing chart which will be agreed by the parties and contained in the project implementation plan for the Designated Territory prior attached to commencement of Transaction processing hereunder this Schedule 2 as Exhibit A (“Timing Chart”), subject to timely receipt of the required Transaction data from the Merchant.

Appears in 2 contracts

Samples: Service Agreement (Planet Payment Inc), Service Agreement (Planet Payment Inc)

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Daily Transmissions. Planet Payment shall transmit all authorization data and Transactions submitted by Merchants, in mutually agreed file formats to Acquirer for clearing and settlement with the applicable Card Associations in accordance with the timing chart which will be agreed by the parties and and, with respect to new Designated Territories added after the Effective Date, contained in the project implementation plan for the Designated Territory prior to commencement of Transaction processing hereunder (“Timing Chart”), subject to timely receipt of the required Transaction data from the Merchant.

Appears in 2 contracts

Samples: Services Agreement (Planet Payment Inc), Services Agreement (Planet Payment Inc)

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