Common use of Specific Operating Procedures Clause in Contracts

Specific Operating Procedures. 2.1 MERCHANT agrees that it will comply with all CARD Acceptance Procedures in RULES for each SALE, including, but not limited to the following: 2.1.1 MERCHANT agrees that it will obtain and record a valid positive authorization for all SALES in accordance with the RULES before submitting them to FNBO for processing; and 2.1.2 MERCHANT must be able to prove, by evidence of a terminal capture of a magnetic stripe or signed sales draft showing imprint of the CARD, that the CARD was present at the time of SALE, unless specifically set up for Mail Order and Telephone Order ("MO/TO") transactions. 2.2 MERCHANT may participate in such DEBIT POS NETWORKS as are set forth in the Schedule Of Applicable Fees. Additional DEBIT POS NETWORKS may be available from time to time. FNBO does not warrant the continuing availability of any DEBIT POS NETWORK. 2.3 MERCHANT agrees to accept valid CARDS of each of the DEBIT POS NETWORKS selected without discrimination and will not impose purchase minimums, maximums, or surcharges, unless specifically allowed by the DEBIT POS NETWORKS. MERCHANT agrees to comply with the rules, regulations, procedures, fees, assessments, penalties, and other obligations of each DEBIT POS NETWORK, as from time to time are in effect. 2.4 FNBO may provide MERCHANT access through MERCHANT's terminals to the DEBIT POS NETWORKS if agreed to by MERCHANT herein. 2.5 MERCHANT realizes that there are no voice authorizations for DEBIT transactions.

Appears in 2 contracts

Sources: Merchant Transaction Processing Agreement (Cybergold Inc), Merchant Transaction Processing Agreement (Cybergold Inc)