MasterPass definition

MasterPass is a digital wallet service offered by Mastercard International Incorporated (including its subsidiaries and affiliates, “Mastercard”).

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MasterPass means MasterPass ™, a digital storage facility, on a smart phone, where payment information suchas the Customer’s Card number and expiration date, and other information is stored.

MasterPass means MasterPass ™, a digital storage facility, on a smart phone, where payment informationsuch as the Customer’s Card number and expiration date, and other information is stored. 107. “Masterpass EnabledApp” means an application installed on a Card Acceptance Device which allows a Merchant the option to offer a payment mechanism to Customers whereby a Customer can make paymentby scanning a QR Code on the Card Acceptance Device, or by the Merchant capturing aMasterPass reference number on the Card Acceptance Device. 108. “Mastercard Global Wholesale TravelCard” means a virtual Payment Instrument that qualifying merchants in the travel industry accept forbusiness to business payments. 109. “Mastercard GlobalWholesale TravelCard Levy” means the charges, calculated as a percentage of the Transaction value, that are payable forprocessing Transactions with a Mastercard Global Wholesale Travel Card. 110. “MasterPass Merchant Portal” means the interface accessed via a browser that you can use to view MasterPass Transactionsand access reports on MasterPass Transactions. 111. “MasterPass Solution” means a service provided to you by us, allowing you to accept payment from Customers usingthe MasterPass Enabled App to perform and to access the MasterPass Merchant Portal. 112. “Material Change” means any changes to the Merchant Agreement that have a significant impact on your business, could lead to a penalty being imposed on you, or that change the relationship between you andus. 113. “MATCH” means the fraud system which lists high risk merchants which we use to aid in an onboardingdecision. 114. “Merchant Agreement” means these Terms, Fees Schedule, including the Application Form, FICA schedule, the suretyshipagreement (if applicable) and any other appendix thereto entered into betweenthe Parties.

Examples of MasterPass in a sentence

• CIMB Bank and Mastercard are not involved in processing your online Masterpass transaction and have no liability to you with respect to such transaction or the Masterpass Merchant.

• After the Masterpass Merchant receives your Payment Information, it will submit the transaction for processing.

• You specifically acknowledge that Mastercard does not have any control over your payment information transmitted by Masterpass on your behalf, and Mastercard cannot ensure that all transactions will be completed or that the party who has issued your Card or rewards number, as applicable, will authorize the transactions that you initiate.

• It is your sole responsibility to determine whether Masterpass is suitable and adequate for your needs.

• Mastercard does not warrant that Masterpass will work with your operating system or with any other software installed on your computers or mobile devices.

• Masterpass is provided “as is,” “as available,” and with all faults.

• Mastercard does not warrant that the information contained in Masterpass, or on any third party site will be accurate or complete, or that Masterpass or any third party site will be error free, uninterrupted, free from spyware, malware, adware, viruses, worms, or other malicious code, or will function to meet your requirements.

• Marketing Initiative: Merchant shall perform special project and advertising as described in section 1.1 in the Czech Republic in view of increasing Mastercard acceptance, digital payments in own premises and on merchant website in a view of improving brand awareness of Mastercard and Masterpass brands (the “Marketing Initiative”).

• Recipient name: Recipient contact number Recipient email address Select address type: Residential address: Business address: Complex/Building name: Floor: Unit number: Street: Suburb: City/Town: Postal code: The PocketPOS App that includes Tap on Phone and Masterpass payment acceptance on compatible mobile phones Free Free None The PocketPOS card acceptance device Including VAT is R1 199,00 Once off Once-off upfront payment before PocketPOS card acceptance device is couriered to you.

• Masterpass is a digital wallet that facilitate online payments for End customer.

More Definitions of MasterPass

MasterPass means MasterPass ™, a digital storage facility, on a smart phone, where payment informationsuch as the Customer’s Card number and expiration date, and other information is stored.