Common use of TS11 Clause in Contracts

TS11. 02 If requested by Merchant in writing, ISO will provide to Merchant and Merchant will purchase from ISO the Tokenization Service. The Tokenization Service will allow Merchant to transfer its Cardholder payment account data offsite to ISO and use a unique token provided to Merchant by ISO to allow Merchant to process Transactions via the ISO-stored account numbers (“SANs”). In order to use the Tokenization Service, Merchant must be a direct or gateway merchant of ISO. Merchant agrees to use ISO exclusively for Tokenization Service.

TS11. 02 If requested by Merchant in writing, ISO will provide to Merchant and Merchant will purchase from ISO the Tokenization Service. The Tokenization Service will allow Merchant to transfer its Cardholder Customer payment account data offsite to ISO and use a unique token provided to Merchant by ISO to allow Merchant to process Transactions via the ISO-stored account numbers (“SANs”). In order to use the Tokenization Service, Merchant must be a direct or gateway merchant of ISO. Merchant ▇▇▇▇▇▇▇▇ agrees to use ISO exclusively for Tokenization Service.