Common use of Passwords Clause in Contracts

Passwords. In the event where Merchant receives a password from Service Provider to access a Transaction system or gateway, Merchant shall: (i) keep password confidential; (ii) not allow any other entity or individual to use password or gain access to Service Provider’s systems; (iii) be liable for all action taken by any user of the password; and (iv) promptly notify Service Provider if Merchant believes the confidentiality of Service Provider’s system or Merchant’s information has been compromised by use of such password.

Passwords. In the event where Merchant receives a password from Service Provider Bank to access a Transaction transaction system or gateway, Merchant shall: (i) keep password confidential; (ii) not allow any other entity or individual to use password or gain access to Service ProviderBank’s systems; (iii) be liable for all action taken by any user of the password; and (iv) promptly notify Service Provider Bank if Merchant believes the confidentiality of Service ProviderBank’s system or Merchant’s information has been compromised by use of such password.

Passwords. In the event where Merchant receives a password from Service Provider to access a Transaction transaction system or gateway, Merchant shall: (i) keep password confidential; (ii) not allow any other entity or individual to use password or gain access to Service Provider’s systems; (iii) be liable for all action taken by any user of the password; and (iv) promptly notify Service Provider if Merchant believes the confidentiality of Service Provider’s system or Merchant’s information has been compromised by use of such password.