Payment Networks Sample Clauses

Payment Networks. New Products/Services. With respect to Visa and MasterCard products, if Merchant accepts credit card payments from a particular Card Association (e.g., MasterCard), Merchant is not obligated to accept debit cards issued by Canadian issuers belonging to such Card Association (e.g., Maestro cards), and vice versa. Similarly, Merchant is not required to accept any new product or service introduced by the Card Association, unless Merchant expressly consents prior to such acceptance. For greater certainty, Merchant shall not be permitted to accept any new product or service, even if it has the technical capability to do so, unless Merchant has given its express consent to Processor indicating acceptance of such new product or service.

Payment Networks. The Bank is a member in good standing of the Payment Network and has full authority under the by-laws and other membership and operating rules of the Payment Network to issue the Co-Branded Credit Cards, use and display (and permit Company to use and display in accordance with this Agreement) the Payment Network Trademarks and otherwise perform its obligations under this Agreement.