RNI Program definition
Examples of RNI Program in a sentence
RNI may consider commercially reasonable factors in determining whether or not to enroll an Eligible Merchant in the RNI Program, such as an Eligible Merchant’s prior record of credit problems or other program violations with RNI.
RNI shall be solely responsible for enrolling Cardholders in, or registering a Cardholder’s card for use in, the RNI Program.
Notwithstanding a merchant’s expressed interest in participating in the RNI Program, FDMS shall have sole discretion at any time during the Initial Term or any Renewal Term of this Agreement to accept or reject merchants for Card transaction processing services.
FDMS’ obligations pursuant to this Agreement shall automatically terminate with respect to (A) a Participating Merchant that ceases to be an Eligible Merchant, or (B) all Participating Merchants of a Participating Channel that has terminated its participation in the RNI Program.
RNI shall obtain, directly or through arrangements with a third party, authorization from each Cardholder, in accordance with applicable law, governmental regulation, and applicable material Card Association rules or regulations, to use such Cardholder’s Transaction Data and Cardholder Information for purposes of participating in the RNI Program (each such Cardholder is referred to herein as a “Participating Cardholder”).