Quick Credit definition

Quick Credit means an in-store application procedure designed to open Accounts as expeditiously as possible at point of sale, whereby an application for an Account is processed without a paper application being completed by an Applicant. An Applicant's credit card (Visa, MasterCard, American Express, Discover or other Bank approved private label card) is electronically read by a terminal that captures the Applicant's name and credit card account number. Other data shall be entered into that same terminal by the Company's Store associate as specified in the Operating Procedures. This data is used by Bank to request a credit bureau report and make a decision whether to approve or decline the Applicant. "Regular Revolving Purchases" shall mean Purchases which are not subject to any Deferred Billing Programs or Equal Payment Purchases.

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Quick Credit means an in-store application procedure designed to open Accounts as expeditiously as possible at the Point of Sale, whereby an application for an Account might be processed without a paper application being completed by an Applicant. An Applicant’s credit card (Visa, MasterCard, American Express, Discover or other Bank approved private label card) is electronically read by a terminal to identify certain information to facilitate a credit analysis. Other data shall be entered into that same terminal by the Company associate as specified in the Operating Procedures.

Examples of Quick Credit in a sentence

Bank will bear the credit bureau expense for Quick Credit, Internet applications, Instant Credit Applications and take-one applications.
For Quick Credit and Instant Credit, Bank will issue an account number which may be utilized by the Cardholder for Purchases at the time of approval and prior to the issuance of the Credit Card.
When Quick Credit referral occurs, store immediately contacts Bank.
Pursuant to the provisions of Schedule 2.2 (b), Bank shall make available and Pier 1 shall utilize Quick Credit.
Within six (6) months of Retailer’s request, Bank shall make available on Retailer websites the following Program features: (a) pre-approved offers of credit to online Customers; (b) Quick Credit (or Instant Credit, as applicable); (c) promotional financing offers in connection with specific product types (e.g., furniture); and (d) a general invitation to apply for credit.
Pursuant to Schedule 2.3.2 and the Operating Procedures, Bank shall make Prescreen, Quick Credit and Instant Credit available throughout the Term of this Agreement.
Third, costs incurred by Pier 1 arising from its transition from Instant Credit to Quick Credit are outside the scope of this subsection (e).
We utilize our Quick Credit and On-Line Prescreen products to originate new private label credit card accounts.
Such timeline shall include required tasks and deadlines including a requirement that Stage successfully deliver to Bank for the purpose of integration testing and certification by Bank, Stage's programming to support Quick Credit, authorizations and settlement with Bank, which certification process must begin no later than 45 days prior to the Conversion Date and must be completed no later than 15 days prior to the Conversion Date.

More Definitions of Quick Credit

Quick Credit means Bank’s application procedure designed to open Accounts as expeditiously as possible at the Point of Sale, whereby an application for an Account might be processed without a paper application being completed by an Applicant. “Rates and Fees” shall mean those Cardholder terms and conditions regarding rates and fees as are initially set forth in Schedule 3.6 (d), as amended from time to time pursuant to Section 3.6 (d). “Rebate Fees” shall have the meaning set forth in Schedule 1.1. “Rebate Rate” shall have the meaning set forth in Schedule 1.1. “Regular Revolving Purchases” shall mean Purchases which are not subject to any Promotional Program. “Renewal Term” shall have the meaning set forth in Section 9.1. 7 “Sales Channels” shall mean those certain sales channels through which Pier 1 sells its Goods and/or Services under the terms and conditions of this Agreement during the Term, such as: (i) retail locations (but all retail stores must be located in the U.S.) which are owned and operated by Pier 1 or Pier 1’s Affiliates or Pier 1’s licensees or franchisees, (ii) Pier 1’s websites (which as of the Effective Date is “▇▇▇▇▇.▇▇▇”); and (iii) catalogs. As a point of clarification, this definition includes different or additional sales channels that are part of Pier 1’s expansion of its business as then constituted, if such expansion does not include a sales channel operated by an entity other than Pier 1. For example: the opening of a new store or development of a website through either (i) “organic growth” or (ii) acquisition of the assets (but not the ownership interest) of a competitor. (See also Section 3.14 regarding the internal development or acquisition of a business that would be new to Pier 1’s business as then constituted or that involves an entity other than Pier 1). However, the ownership or operation by a Pier 1 Affiliate of a business that is substantially similar to that of Pier 1 (at the then current point in time) shall be considered an expansion of Pier 1 for the purposes of this Agreement and such business (and its owner entity) shall be included in this Agreement by amendment. “Service Standards” shall have the meaning set forth in Schedule 2.1 (b). “Term” shall mean the Initial Term plus any Renewal Terms, as defined in Section 9.1. “Transaction Record” shall mean the following, with respect to each Purchase or with respect to a credit or return related to a Purchase (as applicable), and each payment received by Pier 1 from a Cardhol...

Quick Credit means an in-store application procedure designed to open Accounts as expeditiously as possible at point of sale, whereby an

Quick Credit shall have the meaning set forth in Schedule 2.3.2.

Quick Credit means an in-store application procedure designed to open Accounts as expeditiously as possible at point of sale, whereby an application for an Account is processed without a paper application being completed by an Applicant. An Applicant’s credit card (Visa, MasterCard, American Express, Discover Bank or other Bank approved private label card) is electronically read by a terminal that captures the Applicant’s name and credit card Account number. Other data shall be entered into that same terminal by the Hanover Direct’s Store associate as specified in the Operating Procedures. This data is used by Bank to request a credit bureau report and make a decision whether to approve or decline the Applicant.