Common use of OVERVIEW SUMMARY Clause in Contracts

OVERVIEW SUMMARY. The Golf Ticket, Ski Ticket and Spa Gift are prepaid cards (collectively known as "UGT") that operates through the Discover network and is restricted to certain golf courses, ski resorts or spas identified by Client. The UGT will be sold at a variety of retail or e-tail establishments as a stand-alone gift card, distributed by Client to various entities that may distribute the Cards or packaged with other products. Typically, merchants that sell the UGT Card will "activate" the Card their POS systems that have been modified to route these transactions or messages to WildCard in some mutually agreed upon fashion. In some instances Cards will be "activated" via the IVR in which the purchaser may also provide certain personal data to an automated system or Live Agent as directed by Client. Also, Client may deploy other means for electronic activation when Cards are distributed to various entities for their distribution. An important aspect of this Program is that the Cardholder or other purchaser of a Card, has acquired an "experience" and not a Card with a monetary denomination. Cards will be designed for either a single authorization or one-reload , subject to certain business rules and then any remaining balance remove. Any value associated with these Cards is not to shared with anyone other than the Client and Discover.

Appears in 2 contracts

Sources: Services Agreement (Utix Group Inc), Services Agreement (Utix Group Inc)