Debit Networks Clause Samples
The Debit Networks clause defines the rules and requirements governing the use of debit card payment networks within the context of the agreement. It typically specifies which debit networks are permitted or required for processing transactions, and may outline technical or operational standards that must be followed by the parties. This clause ensures that all parties understand their obligations regarding debit network participation, helping to prevent disputes and maintain compliance with industry regulations.
Debit Networks. “Debit Networks” refers to those regional and national Debit Card networks accepted by Bank, including but not limited to the following organizations and their successors: Star, NYCE, Pulse, Interlink, AFFN, Alaska, ▇▇▇▇▇▇, Accel, Maestro and Money Station. This Section (2.06) pertains only to transactions authorized, captured and settled through such Debit Network.
Debit Networks. All EDS networks, including; ACCEL, The Exchange, Instant Teller, Mpact, and TX.
Debit Networks. This Section 2.6 pertains only to transactions authorized, captured and settled through such Debit Network, and, for such transactions, Merchant is bound under the terms and conditions set forth in this Section (in addition to other sections of this Agreement).