Merchant must delete all Visa Account Updater files with Cardholder information after use to minimize the likelihood of improper access to, or use of, the data.
Merchant must. (a) maintain a Refund Policy (e.g. “NO REFUNDS”, “REFUNDS WITH ORIGINAL RECEIPT WITHIN 30 DAYS OF ORIGINAL SALE”) in accordance with the Payment Brand Rules;
Merchant must. (f) comply with the Security Standards, Payment Brand Rules, and all applicable laws relating to the security, storage, and disclosure of Transaction Data and Payment Card Information;
Merchant must. (a) use the Payment Brand Marks only as expressly permitted by the Payment Brand Rules;
Merchant must. (1) accept all cancellation requests, provided that the request is made prior to the specified cancellation date and time, (2) provide a cancellation number and advise the Cardholder to retain it in case of a dispute. (3) complete a Credit Voucher for the amount of the advance payment with all of the following information: (a) words “Advance Payment” on the signature line, (b) Cardholder Account number and mailing address, (c) Card expiration date, (d) the name embossed on the Card, and (e) the cancellation number. Merchant must mail a copy (on which the Card expiration date and all but the last 4 digits of the Card account number are suppressed) of the Credit Voucher to the address indicated by the Cardholder within 3 business days from the transaction date.
Merchant must post a notice on each of its Web sites (in a position such that the notice will be displayed before requesting a Card account number, such as a click-through notice) stating that assertions have been made that Internet gambling may not be lawful in some jurisdictions, including the United States, and suggesting that the Cardholder check whether Internet gambling is lawful under applicable law or regulation.
Merchant must. (a) publicly display appropriate signage to indicate all Payment Cards accepted by Merchant, including any limited acceptance categories, in accordance with Card Brand Rules;
Merchant must maintain a Settlement Account in Merchant’s name in satisfactory condition at a depository institution under arrangements acceptable to Bank and Moolah/Clearent. The Settlement Account will be subject to the provisions of Section 19 of this Merchant Agreement.
Merchant must use the agreed method of communication and provide notification to the customer prior to a recurring transaction or immediately after processing it if any of the following apply:
Merchant must. (i) have the Cardholder complete and deliver to Merchant a written request for such goods and services to be charged to cardholder’s account. The written request must at least specify the transaction amounts, the frequency of recurring charges and the duration of time for which the cardholder’s permission is granted.; (ii) If the Recurring Transaction is renewed, the cardholder must complete and deliver to Merchant a subsequent written request for the continuation of such recurring payments to be charged to the Cardholder’s account; (iii) Merchant may not complete a Recurring Transaction after receiving a cancellation notice from the cardholder; (iv) Merchant must obtain an Authorization for each Transaction and type or print legibly on the signature line of the Sales Record for Recurring Transactions the words “Recurring Transaction” (and “P0” for MasterCard Transaction) in lieu of the Cardholder’s signature and must provide both an invoice number and the appropriate “Recurring Transaction” indicator must be included in each Authorization request; (v) Merchant must perform an AVS inquiry and CVV/CVC2/CID value for at least the first Transaction and then annually thereafter, if applicable. Merchant understands that penalties can be assessed by the Associations and the Discover for failure to use the Recurring Payment Indicator; (vi) A Recurring Transaction or Pre‐Authorized Order may not include partial payments for goods and services purchased in a single Transaction; and (vii) No finance charge may be imposed in connection with a Recurring Transaction or Pre‐Authorized Order. Xxxxxxxx agrees that Bank or BCC may impose an excess charge back fee, as they in their sole discretion believe appropriate, should Merchant fail to cancel recurring transactions when requested by a customer and such failure increases Bank’s exposure to fine, fee or reprimand.
