USE WITHOUT PROTECTPAY Clause Samples
The 'USE WITHOUT PROTECTPAY' clause defines the conditions under which a party may utilize a product, service, or system without employing the ProtectPay payment platform. In practice, this clause typically outlines the responsibilities, limitations, or risks assumed by the user when opting not to use ProtectPay, such as handling payment processing independently or accepting liability for payment issues. Its core function is to clarify the rights and obligations of parties when bypassing the ProtectPay system, thereby allocating risk and ensuring all parties understand the implications of not using the designated payment solution.
USE WITHOUT PROTECTPAY. For Cards not stored in the ProtectPay service, Merchant must:
i. Request an update for every participating account in its customer database at least once every 180 calendar days;
ii. Submit requests only for those accounts with which it has an ongoing customer relationship that would require the use of the EnsureBill Services, e.g., subscription services, “express checkout” services, membership (club) services, or recurring payment services;
iii. Update its customer account database within five business days of receiving an update from Vantage;
iv. Ensure that information received from the EnsureBill Services is properly incorporated into its customer database for utilization in future transactions;
v. Correct erroneous account information within five business days of receipt of error notification from Vantage , its vendor, or the Card Brands; and
vi. Correct operational errors within five business days of receipt of error notification from Bank, Vantage, or the Card Brands.
USE WITHOUT PROTECTPAY. For Cards not stored in ProPay’s ProtectPay service, you must:
i. Request an update for every participating account in your customer database at least once every 180 calendar days;
ii. Submit requests only for those accounts with which you have an ongoing customer relationship that would require the use of the EnsureBill Services, e.g., subscription services, “express checkout” services, membership (club) services, or recurring payment services;
iii. Update your customer account database within five business days of receiving an update from us;
iv. Ensure that information received from the EnsureBill Services is properly incorporated into your customer database for utilization in future transactions;
v. Correct erroneous account information within five business days of receipt of error notification from us or the Card Associations; and
vi. Correct operational errors within five business days of receipt of error notification from Bank, ProPay, or the Card Associations.