Merchant authorizes. ISO and/or its affiliates to submit American Express Transactions to, and receive settlement on such Transactions from, American Express or Servicer on behalf of Merchant.
Merchant authorizes. Provider to release its name and address to any third party whom the Provider determines needs to know such information in order for Provider to perform the Services under this Agreement and who has requested such information. Without limitation as to the authority granted to Merchant Bank and Processor in Section 11 of the Application, Merchant authorizes Provider to disclose Transaction data and other information relating to the Merchant, Guarantor and each of their principals, to the Card Networks, current and prospective Card issuers, current and prospective acquirers, regulatory authorities, and other entities to whom Provider or any such entity may be required to provide such information and to Provider's and each such entity's affiliates, agents, subcontractors and employees, for purposes Provider or such other entities deem necessary in Provider's or their reasonable discretion, including without limitation, in connection with the performance of their various obligations hereunder or under their other applicable agreements or under the Operating Rules or applicable law.
Merchant authorizes. (a) Processor to obtain a credit report (and subsequent credit reports throughout the Term) on Merchant and any officer, shareholder, partner, manager, and guarantor of Merchant; (b) Bank and any other financial institutions used by Merchant to release financial information and account information to Processor; and (c) Processor to disclose information and data regarding Merchant and its owners, shareholders, officers, managers, and guarantors, including without limitation credit report information, financial information, Confidential Information, and information regarding Merchant’s transactions, disputes, and other activity to Bank, the Card Brands, governmental agencies, financial institutions, and any other third parties without liability to Merchant. Merchant understands that Processor is obligated to report certain information, including but not limited to Merchant’s and its officer’s identification information and transaction activity to governmental agencies in accordance with applicable Law. Merchant will establish and maintain a privacy policy and will ensure such policy allows the sharing of information regarding each customer and transaction with Processor, Bank, and each Card Association, and notes that each such party may use or disclose the information in accordance with their own respective rules and regulations.
Merchant authorizes. MOT to collect any balances due to MOT hereunder, including the Specified Amount and the MOT Share, by Automatic Clearing House (ACH) system debit entries to the Merchant’s bank account identified by Merchant in the online or mobile application (“Merchant Bank Account”). Merchant Bank Account shall be the bank account owned or controlled by Merchant into which the Future Receivables will be deposited to pay MOT the Specified Amount and MOT Share.
Merchant authorizes the Company and/or its affiliates, agents, or servicers to initiate electronic debit or credit entries through the ACH system to Merchant’s Account or any other depository account maintained by Merchant wherever located to satisfy Merchant’s obligations to convey a portion of the Purchased Receivables under this Agreement. Merchant may only terminate this authorization by giving the Company thirty (30) days advance written notice of termination. Company will collect the Purchased Receivables and any other fees or charges associated therewith by ACH entries to Merchant’s Account unless Company advises Merchant in writing that it is obtaining the Purchased Receivables directly from Merchant’s credit card processor as set forth below.
Merchant authorizes. HPS to establish a non-interest bearing Reserve Account (as defined in this Agreement) pursuant to the terms and conditions set forth herein. The amount of such Reserve Account shall be set and may be revised by HPS in its sole discretion at any time, based upon Merchant’s processing history and the anticipated risk of loss to HPS.
