Common use of Europay/MasterCard Clause in Contracts

Europay/MasterCard. Visa (“EMV”) Chip Card Compliance. Merchant agrees that if Merchant does not use POS Equipment that has been certified EMV chip card compliant and enabled or when a lost or stolen chip and PIN card is used at an EMV enabled terminal capable of processing chip and signature only, Merchant may be liable for payment of any transactions submitted for chargeback by the applicable EMV chip card issuer(s) due to lost, stolen and never-received-issue fraud claims.

Europay/MasterCard. Visa (“EMV”) Chip Card Compliance. Merchant Xxxxxxxx agrees that if Merchant Xxxxxxxx does not to use POS Equipment that has been certified EMV chip card compliant and enabled or when a lost or stolen chip and PIN card is used at an EMV enabled terminal capable of processing chip and signature onlyenabled, Merchant Xxxxxxxx may be liable for payment of any transactions submitted for chargeback by the applicable EMV chip card issuer(s) due to lost, stolen and never-never- received-issue fraud claims.

Europay/MasterCard. Visa (“EMV”) Chip Card Compliance. Merchant Xxxxxxxx agrees that if Merchant Xxxxxxxx does not use POS Equipment that has been certified EMV chip card compliant and enabled or when a lost or stolen chip and PIN card is used at an EMV enabled terminal capable of processing chip and signature only, Merchant may be liable for payment of any transactions submitted for chargeback by the applicable EMV chip card issuer(s) due to lost, stolen and never-received-issue fraud claims.

Europay/MasterCard. Visa (“EMV”) Chip Card Compliance. Merchant agrees that if Merchant does not to use POS Equipment that has been certified EMV chip card compliant and enabled or when a lost or stolen chip and PIN card is used at an EMV enabled terminal capable of processing chip and signature onlyenabled, Merchant may be liable for payment of any transactions submitted for chargeback by the applicable EMV chip card issuer(s) due to lost, stolen and never-never- received-issue fraud claims.

Europay/MasterCard. Visa (“EMV”) Chip Card Compliance. Merchant Xxxxxxxx agrees that if Merchant Xxxxxxxx does not use POS Equipment that has been certified EMV chip card compliant and enabled or when a lost or stolen chip and PIN card is used at an EMV enabled terminal capable of processing chip and signature only, Merchant may be liable for payment of any transactions submitted for chargeback by the applicable EMV chip card issuer(s) due to lost, stolen and never-received-issue fraud claims).