Bank Acquirer definition
Examples of Bank Acquirer in a sentence
Without limiting any other right to terminate set out in this Agreement (including any Additional Terms), we can terminate the Agreement immediately by giving you notice if we believe on reasonable grounds that: (A) you have or are likely to become insolvent (be unable to pay your bills to us or others); (B) you have or are likely to breach this Agreement; or (C) any facility you have with any Bank, Acquirer, Payments Processor or Card Scheme has been closed for any reason.
GHL shall, if so requested by the Merchant, help the Merchant to complete the application form provided by the Bank Acquirer and in the course of so doing, the Merchant shall warrant and undertake to supply complete and accurate information as required in the application form and further agree to indemnify GHL in the event of any claims, proceedings, actions and demands arising from any such inaccurate and/or false information supplied by the Merchant.
Within two (2) days from approval of the Merchant by the Bank Acquirer, the Merchant shall pay to GHL a Security Deposit which shall stand as security for the proper and due performance of all of Merchant’s obligations hereunder and under the Agreement, as well as answer for any damage suffered by the EDC Equipment during the duration of this Agreement for which GHL may not have been fully indemnified as of the expiration of the Term.
Acquiring Bank, Acquirer; Nedbank Limited, with registration number 1951/000009/06, a licensed financial services and registered credit provider (NCRCP16), with limited liability, duly incorporated in line with the company laws of South Africa, together with its successors in title.
If we enter into this Agreement with you, it doesn’t mean that a Bank, Acquirer, Card Scheme or Payments Processor will enter into a relationship with you.
Sub-merchant’s decision to opt out of arbitration will have no adverse effect on Sub-merchant’s relationship with Member Bank, Acquirer, or the services provided under this Sub-Merchant Agreement.
The Payment Method Acquirers for Visa and Mastercard Transactions are Cross River Bank, ▇▇▇▇▇▇▇ ▇▇▇▇▇ Bank USA, PNC Bank, N.A. and ▇▇▇▇▇ Fargo Bank, N.A. By using the Stripe Payments Services to submit Visa or Mastercard Transactions, you agree to the Cross River Bank Acquirer Terms, the PNC Bank Acquirer Terms and the ▇▇▇▇▇ Fargo Bank Acquirer Terms.
Similarly, if your relationship with any Bank, Acquirer, Payments Processor or Card Scheme terminates, your obligations under this Agreement will continue.
This Merchant Services Agreement for Sub-Merchants (Merchant Agreement) is made among (i) Fifth Third Bank (Acquirer, or Bank), (ii) Payrix, as defined in the Payrix Terms of Service to which this Merchant Agreement becomes a part, and (iii) the Sub-Merchant, as defined in the Payrix Terms of Service to which this Merchant Agreement becomes a part.
Upon the express request of the Merchant, GHL, a licensed distributor of EDC Equipment, agrees to install the EDC Equipment at the Merchant’s outlet, subject always that such installation shall have the prior written approval of the Bank Acquirer to the terms and conditions as set out herein.