Interac Association definition
Examples of Interac Association in a sentence
Debit card processing services hereunder consist of the transmission of such debit card payment transactions to the appropriate debit card payment network for authorization and approval (e.g., to Interac Association, Visa, UP), funds settlement, and transaction-related reporting and statements.
TCS agrees to perform all services that may be necessary or required for TCS to act and/or function as, and to represent the Customer as, the Settlement Agent for the Customer in the SCD Service, all in accordance with and pursuant and subject to: The terms and conditions of this Agreement; and The Interac Association Regulations.
In no event shall: Either Party be liable to the other, or in any way or in any manner whatsoever, for any indirect, incidental, special, consequential or punitive damages, including but not limited to lost profits, lost business revenue, failure to realize expected savings, or other commercial or economic loss; TCS be liable for any indirect, incidental, special, consequential or punitive damages caused by actions or omissions of the Bank of Montreal, the Interac Association or its members.
A) The Merchant undertakes to comply with all the rules and directives issued by the Interac Association.
References in this Agreement to payment networks shall mean, as applicable to the services selected by Merchant, Visa Inc., MasterCard Worldwide, Interac Association, China UnionPay Co., Ltd.
The Certified ABMs have been tested by TCS as compliant with Interac Association regulations.
TNS is a member of the Interac Association ("Interac"), and may become a member of other domestic and international organizations with the general mandate of facilitating the provision of financial services, including such organizations known as Cirrus System Inc.