Common use of VALID TRANSACTIONS Clause in Contracts

VALID TRANSACTIONS. A Point of Sale Transaction will be valid if: (a) in the case of a Transaction, other than an Offline Transaction, the Transaction has been effected through the System and initiated by the use of an Approved Card and: (i) the identity of the relevant Cardholder has been verified in accordance with clause 4.9; (ii) the Transaction complies with the authorisation procedures agreed to by the Merchant and the Acquirer in respect of Transactions using that Approved Card; (iii) the Terminal has printed details of the: • type of account; • type and amount of the Transaction; • date of the Transaction; • time of the Transaction; • Terminal transaction record number; and • the Terminal has confirmed that the Transaction has been accepted; or (b) in the case of an Offline Transaction: (i) the Transaction has been effected in accordance with clause 7.1; and (ii) if the Card is a Debit Card that does not bear a point-of-sale acceptance mark of an international card scheme, the amount of the Transaction does not exceed the maximum dollar amount set out next to “Offline Transaction Guarantee Limit” in the Schedule, or such other amount as Worldline may notify the Merchant in writing; and (c) in the case of all Transactions if: (i) the Transaction is not prohibited by law; (ii) the Merchant has complied with this Agreement; (iii) there has been no fraud or deception on the part of the Merchant or its employees or agents; (iv) the Merchant has taken reasonable care to detect any forged signature or improper use of the relevant Card and to ensure that the Transaction has not been effected before any issue date embossed on the relevant Card, BUT nothing in this Agreement negates or overrides anything contained in any contract, arrangement or understanding between the Merchant and an Acquirer as to the validity of a Transaction or the authority of that Acquirer to decline, reverse or charge back a Transaction.

VALID TRANSACTIONS. A Point of Sale Transaction will be valid if: (a) 5.1.1 in the case of a Transaction, other than an Offline Transaction, the Transaction has been effected through the System and initiated by the use of an Approved Card and: (ia) the identity of the relevant Cardholder has been verified in accordance with clause 4.9; (iib) the Transaction complies with the authorisation procedures agreed to by the Merchant and the Acquirer in respect of Transactions using that Approved Card; (iiic) the Terminal has printed details of the: • : (i) type of account; • ; (ii) type and amount of the Transaction; • ; (iii) date of the Transaction; • ; (iv) time of the Transaction; • ; (v) Terminal transaction record number; and • and (d) the Terminal has confirmed that the Transaction has been accepted; or (b) 5.1.2 in the case of an Offline Transaction: (ia) the Transaction has been effected in accordance with clause 7.1; and (iib) if the Card is a Debit Card that does not bear a point-of-sale acceptance mark ▇▇▇▇ of an international card scheme, the amount of the Transaction does not exceed the maximum dollar amount set out next to “Offline Transaction Guarantee Limit” in Part ‘A’ of the Schedule, or such other amount as Worldline PAYMARK may notify the Merchant in writing; and (c) 5.1.3 in the case of all Transactions if: (ia) the Transaction is not prohibited by law; (iib) the Merchant has complied with this Agreement; (iiic) there has been no fraud or deception on the part of the Merchant or its employees or agents; (ivd) the Merchant has taken reasonable care to detect any forged signature or improper use of the relevant Card and to ensure that the Transaction has not been effected before any issue date embossed on the relevant Card, BUT nothing in this Agreement negates or overrides anything contained in any contractFor the avoidance of doubt, arrangement or understanding between the Merchant and an Acquirer as to the validity of a Transaction or of the authority of that Acquirer to decline, reverse or charge back type described in clause 7.1.5 and for which an offline voucher is completed is not a Valid Transaction.