Payment Network Rules Clause Samples
The payment-network-rules clause defines the requirement for parties to comply with the operational rules and standards set by the relevant payment network (such as Visa, Mastercard, or ACH) when processing transactions. In practice, this means that all payments made under the agreement must adhere to the technical, security, and procedural guidelines established by the network, which may include dispute resolution processes, chargeback procedures, and settlement timelines. The core function of this clause is to ensure that all parties follow industry-standard protocols, thereby reducing the risk of errors, fraud, or disputes related to payment processing.
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Payment Network Rules. The Payment Networks have established guidelines, bylaws, rules, and regulations in the form of the Payment Network Rules. You are required to comply with all applicable Payment Network Rules. The Payment Network Rules for Visa, MasterCard and American Express are available on the Internet at the following links: Visa, MasterCard and American Express. The Payment Networks may amend the Payment Network Rules at any time and without notice to us or to you. Insofar as the terms of this Agreement and/or the Processor Terms are inconsistent with the Payment Network Rules, the Payment Network Rules shall prevail. We reserve the right to amend this Agreement at any time, with notice to you, as may be necessary to comply with the Payment Network Rules.
Payment Network Rules. The Payment Networks have established guidelines, bylaws, rules, and regulations in the form of the Payment Network Rules. You are required to comply with all applicable Payment Network Rules. The Payment Networks may amend the Payment Network Rules at any time and without notice to us or to you. Insofar as the terms of this Agreement and/or the Processor Terms are inconsistent with the Payment Network Rules, the Payment Network Rules shall prevail. We reserve the right to amend this Agreement at any time, without notice to you, as may be necessary to comply with the Payment Network Rules.
Payment Network Rules. Licensee shall comply with the rules and regulations of Payment Networks including but not limited to those of Visa (available here ▇▇▇.▇▇▇▇.▇▇▇/▇▇▇▇▇ ) and those of MasterCard (available here ▇▇▇▇://▇▇▇.▇▇▇▇▇▇▇▇▇▇.▇▇▇/us/wce/PDF/13000_MSP‐Entire_Manual.pdf ), including but not limited to the Payment Card Industry Data Security Standard (PCI DSS), Visa Cardholder Information Security Program (CISP) and the MasterCard Site Data Protection Program (SDP).
Payment Network Rules. The Payment Networks have established guidelines, bylaws, rules, and regulations ("Payment Network Rules"). You are required to comply with all Payment Network Rules that are applicable to merchants. You can review portions of the Payment Network rules at Visa and MasterCard. The Payment Networks reserve the right to amend the Payment Network Rules. The Processor, acting on behalf of Aloha dot, reserves the right to amend the Agreement at any time with notice to you as necessary to comply with Network Rules or otherwise address changes in the Service.