Processing and Reporting Services Sample Clauses

Processing and Reporting Services. During the Term, GRS will provide the following Services to ValueStar and ValueStar will provide the following support to GRS: a. Basic Transaction Processing. Each processing day during the Term, GRS will provide the following Basic Transaction Processing Services: (i) ValueStar Bulk Transaction Processing. GRS will download raw transaction files from processors, banks, ISO (Independent Sales Organizations) and/or directly from Merchants as designated by ValueStar from time to time during the Term (the "ValueStar Transaction Files"). The ValueStar Transaction Files will be limited to files used by GRS exclusively for ValueStar and may include raw transaction data for Merchants participating in the Program (as well as non-participating merchants) who are not otherwise included in GRS' in-house transaction files. GRS will scan the ValueStar Transaction Files and segregate all transactions relating to Merchants participating in the Program. The resulting transactions will then be formatted and loaded to the Transaction Information Retrieval System "TIRS" Data Base for further "PQT Processing" as defined below. b. Potentially Qualified Transaction ("PQT") Processing. Each processing day during the term, GRS will provide PQT Transaction Processing Services to ValueStar. PQT Processing will include the comparison of all Member registered payment cards against the TIRS Data Base. All Member transactions at participating Merchants will then be loaded into a separate, Potentially Qualified Transaction ("PQT") Data Base, for delivery to ValueStar in accordance with the Specification. The PQT database will include an account number assigned by ValueStar to each Members transaction rather than the actual Members credit card number.