Acceptance of Card Not Present (CNP) Charge Transactions. a. Merchant may accept Card Not Present (CNP) transactions and related Charges (“CNP Transactions”) based upon the description of Merchant’s business (“Business”) on the Application and as authorized by the Bank. Bank reserves the right to terminate CNP Transactions in the event that there is any material change in the Business, including any material change in the customers, products, management or employees of the Business.
Appears in 4 contracts
Samples: Merchant Card Processing Agreement, Merchant Card Processing Agreement, Merchant Card Processing Agreement
Acceptance of Card Not Present (CNP) Charge Transactions. a. A. Merchant may accept Card Not Present (CNP) transactions and related Charges (“CNP Transactions”) based upon the description of Merchant’s business (“Business”) on the Application and as authorized by the Bank. Bank reserves the right to terminate CNP Transactions in the event that there is any material change in the Business, including any material change in the customers, products, management or employees of the Business.
Appears in 3 contracts
Samples: Settlement Services Agreement (Transfirst Holdings Corp.), Settlement Services Agreement (Transfirst Holdings Corp.), Clearing and Settlement Services Agreement (TransFirst Inc.)
