Common use of Data Accuracy Clause in Contracts

Data Accuracy. Merchant shall provide ISO with data necessary for the electronic funds transfer (‘collection data”) in the form and at the times prescribed by ISO and shall make periodic checks and updates necessary to cause the collection data to be current and accurate at all times. The format and schedule requirements for delivery of collection data by Merchant may be changed by ISO during the term of this Agreement, and Merchant shall deliver collection data in conformity with changed requirements set forth from time to time by ISO. Merchant warrants to ISO that all data and entries delivered to ISO by Merchant will (a) be correct in form, (b) contain true and accurate information, (c) be fully authorized by its customer, and (d) be timely under the terms and provisions of this Agreement.

Appears in 19 contracts

Samples: Merchant Agreement, Equipment Lease Agreement, Merchant Agreement

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