Examples of Card Brand Rules and Regulations in a sentence
The Agreement, including the Card Brand Rules and Regulations, the Data Security Standards and the Operating Manual and Procedures, which are incorporated herein by reference, constitutes the entire agreement between the Parties pertaining to the subject matter of the Agreement and replaces all previous agreements, arrangements and understandings between you, us and/or the Member concerning the services we provide.
If a Cardholder disputes any Transaction or if a Transaction is charged back for any other reason in accordance with the Card Brand Rules and Regulations (and regardless of whether an Authorization Code for such Transaction was received), the credit or payment to you for such Transaction may be reversed (a “Chargeback”).
You acknowledge that it is your responsibility to obtain the most recent versions of and that you have reviewed the Card Brand Rules and Regulations, the Data Security Standards and the Operating Manual and Procedures and you acknowledge that you have reviewed them.
You will not directly or indirectly use or disclose Confidential Information other than for the purposes set out in the Agreement including compliance with Card Brand Rules and Regulations.
If you use Equipment that is not provided by us, it is your responsibility to ensure that it complies with the Card Brand Rules and Regulations and the Data Security Standards at all times.
In addition to your obligations in the Agreement for complying with Card Brand Rules and Regulations, Data Security Standards and the Operating Manual; you agree to comply with (a) all applicable laws, including privacy laws that may apply to you because of offering your services/products internationally; and (b) the MCP Program requirements, instructions and specifications we may notify you of from time to time.
In addition to your obligations in the Processing Agreements for complying with Card Brand Rules and Regulations, Data Security Standards and the Operating Manual; you agree to comply with (a) all applicable laws; and (b) the MCP Program requirements, instructions and specifications we may notify you of from time to time.
Merchant will provide PayFacto with information, (including, without limitation, a report on compliance issued by a Qualified Security Assessor from PCI and/or a self -assessment questionnaire as prescribed by PCI) from time to time for the purposes of verifying that Merchant and Merchant’s Authorized Third Parties are complying with the Data Security Standards, the Operating Manual and Procedures, the Card Brand Rules and Regulations and applicable laws related to Cardholder Data.
For any Equipment used by Merchant that is not provided by PayFacto (“Third Party Equipment”), Merchant shall ensure such Third Party Equipment’s compliance with the Card Brand Rules and Regulations and the Data Security Standards at all times.
Any such payment remains subject to all of the terms and conditions of your Merchant Agreement, including being subject to Chargebacks or other adjustments in accordance with the Card Brand Rules and Regulations.