Conveyed Transaction definition

Conveyed Transaction is any Transaction conveyed to a Payment Brand for settlement by such Payment Brand directly to Merchant. “Customer” is the person or entity to whom a Payment Instrument is issued or who is otherwise authorized to use a Payment Instrument. “Effective Date” means the date this Agreement takes effect pursuant to Section 10.1.
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Conveyed Transaction means any Transaction conveyed to a Card Network for settlement by such Card Network directly to Merchant.
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Conveyed Transaction means any Transaction conveyed to a Payment Brand for settlement by such Payment Brand directly to Merchant. “Customer” means the person or entity to whom a Payment Instrument is issued or who is otherwise authorized to use a Payment Instrument.
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Examples of Conveyed Transaction in a sentence

  • Even if you receive a valid authorization for a Conveyed Transaction, we will not be liable for errors in Settlement Account entries relating to the funding of your Conveyed Transactions, including delays caused by you, third parties, the Payment Brands or your bank.

  • Upon your transmission of such Conveyed Transactions to us, we will forward the Conveyed Transaction to the appropriate Payment Brand.

  • If Merchant submits Conveyed Transactions to Chase Paymentech and ▇▇▇▇▇▇▇▇ does not have a valid agreement with the applicable third party or Payment Brand, Chase Paymentech may, but is not obligated to, convey such Transaction Data to the applicable third party or Payment Brand and to share with them information about Merchant (from the Application or otherwise) as may be required to approve Merchant’s acceptance of the Conveyed Transaction.

  • You are not allowed to accept cash or any other payment or consideration from a Customer in return for preparing a refund to be deposited to the Customer’s account, nor may you give cash refunds to a Customer in connection with a Settled or Conveyed Transaction, unless permitted or required by law.

  • If Merchant submits Conveyed Transactions to Chase Paymentech and Merchant does not have a valid agreement with the applicable third party or Card Brand, Chase Paymentech may, but is not obligated to, convey such transactions to the applicable third party or Card Brand and to share with them information about Merchant as may be required to approve Merchant’s acceptance of the Conveyed Transaction.

  • You cannot retain or store full magnetic-stripe data, CVV2, CVC2 codes or PIN data after the authorization of a Payment Transaction or Conveyed Transaction, except as required to complete the transmission of such Transaction Data to us.

  • Even if a valid authorization for a Conveyed Transaction is obtained, Paymentech is not liable for errors in Settlement Account entries relating to the funding of those Conveyed Transactions, including delays caused by TP3, Merchant, third parties, the Payment Brands, or TP3‘s or Merchant’s bank.

  • Upon the transmission of such Conveyed Transactions to Paymentech, the Conveyed Transaction will be forwarded to the appropriate Payment Brand.

  • If you allow a price adjustment, return of merchandise, or cancellation of services in connection with a Settled or Conveyed Transaction, you will prepare and deliver to us Transaction Data reflecting such refund/adjustment within 3 days of receiving the Customer’s request for such refund/adjustment.

  • TP3 is not allowed to accept cash or any other payment or consideration from a Customer in return for preparing a refund to be deposited to the Customer’s account; nor may cash refunds be given to a Customer in connection with a Settled or Conveyed Transaction, unless permitted or required by law.


More Definitions of Conveyed Transaction

Conveyed Transaction means any Transaction conveyed to a Payment Brand for settlement by such Payment Brand directly to Merchant. “Chargeback” means a reversal of a Transaction previously presented to Processor by Merchant pursuant to the Rules.
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Conveyed Transaction is any Transaction conveyed to a Payment Brand for settlement by such Payment Brand directly to TP3 or Merchant.
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Conveyed Transaction means any Transaction conveyed to a Card Network for settlement by such Card Network directly with Merchant.
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Related to Conveyed Transaction

  • Bundled transaction means the purchase of 2 or more distinct and identifiable products, except real property and services to real property, where the products are sold for a single nonitemized price. A bundled transaction does not include the sale of any products in which the sales price varies, or is negotiable, based on the selection by the purchaser of the products included in the transaction. As used in this subdivision:

  • Excluded Transaction means any transaction in which assets are transferred to: (A) a shareholder of the Company (determined immediately before the asset transfer) in exchange for or with respect to its stock; (B) an entity, fifty percent (50%) or more of the total value or voting power of which is owned, directly or indirectly, by the Company (determined after the asset transfer); (C) a Person, or more than one Person Acting as a Group, that owns, directly or indirectly, fifty percent (50%) or more of the total value or voting power of all the outstanding stock of the Company (determined after the asset transfer); or (D) an entity at least fifty percent (50%) of the total value or voting power of which is owned, directly or indirectly, by a Person described in clause (C) (determined after the asset transfer).

  • Excluded Transactions means:

  • Failed Transactions is the set of all requests within Total Transaction Attempts that return an Error Code.

  • sale and repurchase transactions means transactions whereby a Sub-Fund sells its Securities to a counterparty of Reverse Repurchase Transactions and agrees to buy such Securities back at an agreed price with a financing cost in the future.