Examples of Card Association in a sentence
The Merchant agrees that, for the period defined by the Banque Saudi Fransi (Acquiring Bank) and/or any relevant Card Association rules after any termination of this Agreement, The Merchant shall be totally responsible for any and all chargeback’s and adjustments resulting from transactions processed pursuant to this Agreement.
For the avoidance of doubt, it is understood and agreed that in the case of any such obligation, Carrier shall only be obligated to pay the obligation once, unless payment is made to an entity other than Member, Servicer, an Association Obligor, Card Association or other Secured Party, and the obligation to the Card Association is not extinguished or satisfied on account of such payment or otherwise.
Card - Any credit or debit card bearing the service mark of a Card Association or other evidence of an account, including an account number, issued under the auspices of a Card Association.
All material marked “confidential” which Processor receives from Merchant will be used only by Processor, Member Bank or Card Association in performing the Card Program services under this Merchant Agreement or related services and reporting.
Processor, Member Bank and any Card Association, regulator, auditor or any other entity having authority may audit Merchant’s records relating to this Merchant Agreement.