Verifi definition
Examples of Verifi in a sentence
If Merchant has a chargeback rate higher than 0.5%, they will be required to enroll in the acquirer’s Verifi program and enroll in 3D Secure.
In performance of the Services under this Agreement, Verifi 1 is an independent contractor with the authority to control and direct the performance of the Services.
This Agreement will be binding on, inure to the benefit of, and be enforceable by the successors and assigns of the parties; provided, however, that no assignment of this Agreement will be effective without the express written consent of Verifi 1.
Verifi 1 warrants that the Services shall be performed in a professional and workmanlike manner.
The rights and obligations conferred under this Agreement may not be assigned by the Company without the prior written consent of Verifi 1.
Verifi 1 shall purchase and maintain throughout the Term statutory worker’s compensation, commercial general liability, and such other insurance in such amounts and coverages as determined by Verifi 1 in its commercially reasonable discretion.
The Company desires to engage Verifi 1, and Verifi 1 desires to be so engaged, for the provision of services in accordance with the terms and conditions contained in this Agreement.
During the Term (as defined below) of this Agreement, Verifi 1 shall perform those services set forth on Exhibit A subject to the terms and conditions contained in this Agreement (“Services”).
If PAYSTRAX receives an alert case through the Ethoca or Verifi chargeback avoidance systems, PAYSTRAX can on its own and without notice or explicit consent of the Merchant decide to accept and refund such claims as a risk measure to avoid claims becoming chargeback, among else in order to avoid high chargeback ratios.
The Company shall pay Verifi 1 for the Services provided according to the Schedule of Fees set forth on Exhibit B (“Fees”).