Acquirer Processor definition

Acquirer Processor means a Direct Acquirer Processor or an Indirect Acquirer Processor.
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Acquirer Processor means the role of accepting transactions from a merchant prior to submission to Visa and then submitting them to Visa for qualification under the Visa POS Check program.
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Examples of Acquirer Processor in a sentence

  • Nothing herein, however, shall preclude or is intended to preclude LICENSOR from asserting, in litigation or otherwise, the Licensed Patents against such Persons based on the use by such Persons of ECC products, services or systems that are not connected to or reliant upon the LICENSEE as an Acquirer Processor and/or Third Party Processor for a portion of their transaction activity.

  • On any termination hereof, Merchant shall remain liable hereunder for any and all Fees or costs accrued prior to or following termination and any other amounts owed by Merchant to Company, Acquirer, Processor, or a Payment Network.

  • Where deemed necessary or appropriate by Acquirer, Processor, or Company, Company shall instruct Acquirer to create a reserve account (the Reserve) to protect Acquirer, Processor, or Company from actual or potential liabilities hereunder.

  • Where the Reserve is not adequately funded, Merchant shall pay all amounts requested by Company for the Reserve within one (1) business day of a request for such amounts and Acquirer, Processor, and Company may build the Reserve by off-sets from Transaction settlements or by debiting the Designated Account, or any other account of the Merchant, by ACH.

  • The Reserve may be raised, reduced, or removed at any time by Acquirer, Processor, or Company.

  • No royalty will be due LICENSOR on * from LICENSEE or any other party, including Visa, banks, merchants, ISO’s, processors or such other parties that may assist in processing such transactions, that are processed by Visa for those merchants and/or banks who use LICENSEE as either their Acquirer Processor and/or Third Party Processor provided that LICENSEE has not received any fees or revenue from VISA for such transactions.

  • Should LICENSEE receive any Acquirer Processor and/or Third Party Processor fees in association with processing a *, such fee will be counted toward the royalty obligation LICENSEE has to LICENSOR as defined in Section 5.3.(d).

  • Subject to Merchant compliance with technical specifications prescribed by Company, Acquirer, Processor and the Rules, Merchant shall cause information concerning Card Transactions to be communicated to the Acquirer or the Processor whereupon, Company shall cause Acquirer to acquire the funds related to such Transactions through the Payment Networks and settle such funds to Merchant.

Related to Acquirer Processor

  • Major processor means a user processing, handling, or manufacturing radioactive material exceeding Type A quantities as unsealed sources or material, or exceeding four times Type B quantities as sealed sources, but does not include nuclear medicine programs, universities, industrial radiographers, or small industrial programs. Type A and B quantities are defined in 10 CFR 71.4.

  • Sub-processor means a third party engaged by the Processor for carrying out processing activities in respect of the Personal Data on behalf of the Processor;

  • Sub-Processors mean any Affiliate, agent or assignee of Company that may process Personal Data pursuant to the terms of the Agreement, and any unaffiliated processor engaged by Company.

  • Lockbox Processor means Regulus Group II LLC, or its successors or assigns.

  • the sub-processor means any processor engaged by the data importer or by any other sub-processor of the data importer who agrees to receive from the data importer or from any other sub-processor of the data importer personal data exclusively intended for processing activities to be carried out on behalf of the data exporter after the transfer in accordance with his instructions, the terms of the Clauses and the terms of the written subcontract;