Reports to the merchant. The reports will be made available to the merchant showing, among other things, for the immediately preceding calendar month, the total Payment Transactions that Paynovate has processed for the Merchant under the Merchant Agreement, the amount credited to the Merchant, amounts reserved as a Reserve Amount and all fees and Chargebacks, to the extent possible. The frequency and terms of reporting are further described in the Purchase Order. The merchant shall immediately align the reports for processed Payment Transactions, received from Paynovate with its own records of Payment Transactions for the same period. To be valid, any error notification must be notified to Paynovate within ten (10) business days of the date of receipt of the error referred to in Section 7.3 and include, with the merchant's name and Merchant ID number, the mistaken amount and a description of the error. The merchant shall be deemed to have irrevocably accepted reports of processed Payment Transactions received from Paynovate after the notification period mentioned above.
