Vault Service definition

Vault Service is an account data management service that allows Merchants utilizing eSELECT plus to register their customers’ signature debit/credit card/ pinless debit and bank account information (collectively, the “Vault Information”) on to the eSELECTplus database. Merchant can use the Vault Information to ▇▇▇▇ their customer on a recurring or on demand basis. If the Merchant elects to utilize the Vault Service, Merchant agrees as follows: Merchant will pay all fees associated with the Vault Service. Merchant is solely responsible for the content and accuracy of all Vault Information. Bank takes no responsibility for the content and accuracy of any Vault Information, or for any information stored on Merchant’s systems. Merchant is responsible for, and Bank has no liability for, maintaining the privacy and security of all payment and other information stored on Merchant’s systems. Bank will use commercially reasonable efforts to make the Vault Service available, but cannot guarantee the availability of the Vault Service at any particular time. Without limiting the foregoing, Bank is entitled at any time, and without prior notice, to interrupt Merchant’s access to the Vault Service for any reason, including, without limitation, for security considerations or to do maintenance work.
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Vault Service means the service provided by us whereby you and/or your customer creates a Record on a Moneris database and you subsequently access the database to use the Record to charge your customers, in a card-not- present environment, on a recurring or an on- demand basis.
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Examples of Vault Service in a sentence

  • If Customer is using the Bank's Virtual Vault Service, then any required adjustments to the amounts provisionally credited to Customer’s account based on Virtual Vault Reports will be made following Bank’s receipt of the applicable Depository Bag or Smart Safe Cassette in accordance with the procedures set forth above.

  • Bank’s Virtual Vault Service allows Customer to deposit United States currency into a Smart Safe which tallies the amount of currency deposited.

  • In order to utilize the Virtual Vault Service Customer is required to contract with a third party service provider approved by Bank (the "Virtual Vault Vendor") for the purchase/ lease and installation of the Smart Safe.

  • Participant will immediately notify ICE Trade Vault of any unauthorized disclosure or use of the Passwords or access to the ICE Trade Vault Service or of the need to deactivate any Passwords.

  • The Remote Cash Vault Service requires the use of certain types of smart safes which have currency acceptors and which are provided by your vendor (collectively, the “Equipment”), and enables you to receive provisional credit for the United States currency properly deposited by you into the Equipment's currency acceptors.

  • This Service is designed to provide your business with efficient cash processing services by having your coin and currency deposits and orders processed directly through our cash vault or other designated site (the "Cash Vault") by your armored carrier service provider acting as your agent (as used with the Cash Vault Service, "Agent").

  • If the Equipment also has a manual envelope drop, deposits made using the manual envelope drop do not receive provisional credit as stated above and are processed and credited in accordance with the standard deposit processing procedures in the standard Cash Vault Service.

  • If the Merchant elects to utilize the Vault Service, Merchant agrees as follows: Merchant will pay all fees associated with the Vault Service.

  • We may also accept your Check deposits at our vault provided that you comply with the Check deposit preparation requirements stated in our Cash Vault Service Description.

  • Your armored courier acts as your agent and must comply with our Cash Vault Service Description and maintain adequate insurance to cover its potential liabilities in connection with your use of this Service.