Common use of Mobile Technology Clause in Contracts

Mobile Technology. If the Company requests that the Servicer (i) participate in any mobile payment initiative or (ii) enable utilization of alternative methods or devices for accessing Accounts, including mobile phones or tablets, then, the Servicer shall review and communicate with the Company with respect to participation in such initiative and/or implementation of such alternative access methods, in each case to the extent requested by the Company. If the Servicer agrees to such participation or implementation, unless otherwise agreed, it shall (****). For purposes of clarity, the Parties understand that (****). Notwithstanding the foregoing, the Parties acknowledge that Cardholders may be able to elect to have their Company Credit Cards participate in a mobile payments initiative, without the consent of the Company or the Servicer if it is technologically feasible without changes to the Services or Servicer Systems. Subject to the foregoing provisions of this Section 2.12(c), nothing in this Agreement shall require the Company to participate in, or restrict the Company from participating in, any mobile payments initiative, which shall be in the Company’s sole discretion; provided that any such decision to participate in or not participate in such initiative (****).

Appears in 3 contracts

Sources: Servicing Agreement, Servicing Agreement (Signet Jewelers LTD), Servicing Agreement (Signet Jewelers LTD)