Examples of Card Brand Rules and Regulations in a sentence
If you use Equipment that is not provided by us, it is your responsibility to ensure that it complies with the Card Brand Rules and Regulations and the Data Security Standards at all times.
If a Cardholder disputes any Transaction or if a Transaction is charged back for any other reason in accordance with the Card Brand Rules and Regulations (and regardless of whether an Authorization Code for such Transaction was received), the credit or payment to you for such Transaction may be reversed (a “Chargeback”).
You acknowledge that it is your responsibility to obtain the most recent versions of and that you have reviewed the Card Brand Rules and Regulations, the Data Security Standards and the Operating Manual and Procedures and you acknowledge that you have reviewed them.
You will not directly or indirectly use or disclose Confidential Information other than for the purposes set out in the Agreement including compliance with Card Brand Rules and Regulations.
The Agreement, including the Card Brand Rules and Regulations, the Data Security Standards and the Operating Manual and Procedures, which are incorporated herein by reference, constitutes the entire agreement between the Parties pertaining to the subject matter of the Agreement and replaces all previous agreements, arrangements and understandings between you, us and/or the Member concerning the services we provide.
For any Equipment used by Merchant that is not provided by PayFacto (“Third Party Equipment”), Merchant shall ensure such Third Party Equipment’s compliance with the Card Brand Rules and Regulations and the Data Security Standards at all times.
Merchant will provide PayFacto with information, (including, without limitation, a report on compliance issued by a Qualified Security Assessor from PCI and/or a self -assessment questionnaire as prescribed by PCI) from time to time for the purposes of verifying that Merchant and Merchant’s Authorized Third Parties are complying with the Data Security Standards, the Operating Manual and Procedures, the Card Brand Rules and Regulations and applicable laws related to Cardholder Data.
RBC is a party to the Agreement for Visa and Interac Card acceptance services and BMO is a party to the Agreement for MasterCard Card acceptance services, as required by the Card Brand Rules and Regulations.
Merchant will provide PayFacto with information, (including, without limitation, a report on compliance issued by a Qualified Security Assessor from PCI and/or a self-assessment questionnaire as prescribed by PCI) from time to time for the purposes of verifying that Merchant and Xxxxxxxx’s Authorized Third Parties are complying with the Data Security Standards, the Operating Manual and Procedures, the Card Brand Rules and Regulations and applicable laws related to Cardholder Data.
For any Equipment used by Merchant that is not provided by PayFacto (“Third Party Equipment”), Merchant shall always ensure such Third-Party Equipment’s compliance with the Card Brand Rules and Regulations and the Data Security Standards.