Mastercard Rules definition

Mastercard Rules means the by-laws and operating regulations of Mastercard International and all other relevant operating procedures, policies and standards relating to the Mastercard International payment network and such other materials that Mastercard International may compile and identify as forming part of the Mastercard Rules, all as amended and updated from time to time.

Mastercard Rules means the rules and regulations established by MasterCard.

Mastercard Rules means (i) any limitation or restriction on the ability of a MasterCard issuer to issue Payment Cards on any network owned, Controlled or operated by Discover or a MasterCard acquirer to act as an acquirer for any network owned, Controlled or operated by Discover, including but not limited to MasterCard’s Competitive Programs Policy and (ii) any other of MasterCard’s by-laws, operating regulations, rules, policies, practices, procedures, Dedication Agreements, or other agreements.

Examples of Mastercard Rules in a sentence

• When accepting payment card Transactions, you must comply with all applicable Card Network Rules, including the Visa Rules specified by Visa, the Mastercard Rules specified by Mastercard, and the Card Network Rules specified by American Express.

• Under Mastercard Rules, you will not be liable for any unauthorized transactions using your Card Account if you can demonstrate that you have exercised reasonable care in safeguarding your Card from risk of loss or theft.

• Under Mastercard Rules, you will not be held responsible for unauthorized transactions if you have used reasonable care in protecting your Card from loss or theft and you have promptly reported to us when you knew that your Card was lost or stolen.

• Retained earnings represent the cumulative net gains and losses recognised in the consolidated income statement.

• The Mastercard BCRs Entities only use internal Sub-Processors (i.e., a Mastercard BCRs Entity) or external Sub-Processors (non-Mastercard entities) in accordance with the Data Controller’s instructions and the informed general or specific authorization provided in the Mastercard Rules or the specific data processing agreement between the Data Controller and the Mastercard BCRs Entity.

• Under the Mastercard Rules, you will not be held responsible for unauthorized transactions if you have used reasonable care in protecting your Card from loss or theft and you have promptly reported to us when you knew that your Card was lost or stolen.

• When we use external Sub-Processors, we bind them via a written agreement to ensure that they comply with the same obligations as are imposed by the Mastercard BCRs on Mastercard, via the Mastercard Rules or the specific agreement between the Data Controller and the Mastercard BCR Entity acting as Data Processor.

• In addition, Mastercard complies with the following requirements when sub-processing Personal Information: • Our internal Sub-Processors are bound to respect our BCRs and only process Personal Information in line with the instructions of the Data Controllers which are specified in the Mastercard Rules or in a specific agreement.

• The Acquirer must register any third party provider of such services as a Third Party Processor (TPP) as described in Chapter 7 of the Mastercard Rules.

• Merchant undertakes to respect the Mastercard branding and communication guidelines, as documented in the Mastercard brand centre (to be found under xxx.Xxxxxxxxxxxxxxxxxxxxx.xxx) and any and all other applicable Mastercard Rules and Policies on the use of the Mastercard brands.

More Definitions of Mastercard Rules

Mastercard Rules means the MasterCard Bylaws and Rules, dated April 2004, and such other bylaws, rules, policies, procedures, bulletins, memoranda, board of directors actions and other directives as may be adopted, modified, supplemented, changed or rescinded by MasterCard from time to time, to the extent the foregoing apply in the Area of Use.

Mastercard Rules. ’ means the MasterCard International Incorporated Rules in effect on the date of the 2004 MCM Notice of Assignment, as amended, modified or supplemented from time to time.

Mastercard Rules means the Rules for the Mastercard, Maestro, and Cirrus brands, asavailable at http://www.mastercard.com/us/merchant/pdf/BM-Entire_Manual_public.pdf.