Merchant security definition

Merchant security means any person, firm, partnership or corporation engaged in the business of protecting, guarding or watching various property or premises by conducting a regular patrol action with vehicles or employing more than three security agents as contracted or subcontracted for by owners of such property.
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Examples of Merchant security in a sentence

  • Merchant reserves the right to require a Merchant security review (in accordance with Clause 2.4 (Security Review) of the third-party system or network before permitting recovery of any Merchant Information to any third-party system or network.

  • Debit Networks, Bank or its designated agent, on behalf of itself or others, shall have the right to inspect Merchant security systems and procedures from time to time after reasonable notice to Merchant.

  • Debit Networks, NMS, Bank or any of their designated agents, on behalf of itself or others, shall have the right to inspect Merchant security systems and procedures from time to time after reasonable notice to Merchant.

  • The data importer vets all third party service providers to ensure that the processing of data by such providers meets the data importer’s Merchant security guidelines.

  • Debit Networks, ISO or its designated agent, on behalf of itself or others, shall have the right to inspect Merchant security systems and procedures from time to time after reasonable notice to Merchant.

  • Card Networks or Bank or its designated agent, on behalf of itself or others, shall have the right to inspect Merchant security systems and procedures from time to time after reasonable notice to Merchant.

  • Company shall be responsible for all processing and accounting functions relating to the clearing and settlement of Bank Card transactions, including: (a) Merchant processing and settlement; (b) Merchant credit research; (c) Merchant activation and approval; (d) Merchant security and recovery; (e) Merchant customer services; (f) Merchant chargeback and retrieval services; and (g) all other back office services.

  • In lieu of the Merchant security deposit that is required by a bank for Internet Merchants, PSiGate requires a Rolling Merchant Reserve Fund based on 5% of actual monthly sales.