Common use of ACCEPTANCE OF CREDIT CARD Clause in Contracts

ACCEPTANCE OF CREDIT CARD. a. The MERCHANT shall honor, without any discrimination, all valid Credit Cards presented by bonafide Cardholders in the purchase of goods and/or services supplied by it on credit. Every Credit Card issued to a bonafide Cardholders is non-transferrable. Thus, MERCHANT should process transaction only of such Cardholder. b. The MERCHANT shall honor Credit Cards only after it has determined and become satisfied that: i. The Credit Card security features have been thoroughly examined and that the card has not yet expired; ii. The signature affixed by the Cardholder in the presence of the personnel of the MERCHANT on the Transaction Draft or Charge Slip prepared by the latter is the same as the specimen appearing on the Credit Card. In case of doubt, additional identification to determine the genuineness of the signature should be mandatorily requested from the Cardholder; and iii. The Credit Card is neither mutilated, defaced nor bears any marking/s of alteration in embossing or signature. c. The MERCHANT shall observe all security measures, whether or not prescribed by MCC in respect of the acceptance of any Credit Card for payment of any card transaction, including but not limited to, ensuring that only Credit Cards which are valid and not listed in any warning bulletin shall be accepted. For this purpose, a valid Credit Card is one which is not expired, not tampered with and presented or used by the Cardholder whose name and signature appears thereon; while a warning bulletin refers to a listing of Credit Cards that have been reported past due, stolen, canceled or compromised in some way. PLEASE SIGN ON ALL PAGES d. The MERCHANT shall obtain authorization and authorization code numbers for every card transaction electronically through the POS terminal or following the manual authorization procedure set forth in the Manual Operating Guide (“MOG”) provided by MCC to the MERCHANT. e. The MERCHANT shall comply with all instructions whatsoever given through the POS terminals in response to requests for authorization of Credit Card transactions made electronically through the POS terminals by the MERCHANT, or over the telephone in response to manual authorization requests following the manual authorization procedure. The MERCHANT shall not mislead the Cardholder by indicating that his Credit Card transaction is being declined or refused, but shall properly notify the Cardholder that the POS terminal registered such response which requires the MERCHANT to call MCC providing the following details: name of MERCHANT, Merchant ID number, Cardholder’s name, Card Account Number, expiration date of the Card, the amount of the Credit Card transaction and the reason for the request of the Credit Card transaction. f. The MERCHANT may not infer any impropriety, wrongdoing, or lack of credit worthiness on the part of any Cardholder from the referral of the Credit Card transaction to MCC or declining of any authorization request made in respect of a Credit Card transaction attempted to be effected by the Cardholder or from any instruction given to the MERCHANT by MCC under any provision of this Agreement. g. MERCHANT shall, at no time, open its own charge account for Cardholders or xxxx Cardholders directly or offer its own credit, debit and similar programs without the prior written conformity of MCC. h. Procedures relative to credit authorization and the processing of Credit Card transactions not covered by this Agreement are embodied in the MOG, the terms and conditions thereof shall form part of this Agreement. MCC may from time to time, by notice to MERCHANT, modify or amend the MOG.

ACCEPTANCE OF CREDIT CARD. a. The MERCHANT shall honor, without any discrimination, all valid Credit Cards presented by bonafide Cardholders in the purchase of goods and/or services supplied by it on credit. Every Credit Card issued to a bonafide Cardholders is non-transferrable. Thus, MERCHANT should process transaction only of such Cardholder. b. The MERCHANT shall honor Credit Cards only after it has determined and become satisfied that:: PLEASE SIGN ON ALL PAGES i. The Credit Card security features presented during the merchant orientation or as stated in the Merchant Operating Guidelines (MOG) have been thoroughly examined and that the card has is valid and not yet expired. For this purpose, a valid Credit Card is one which is not expired, not tampered with and presented or used by the Cardholder whose name and signature appears thereon; ii. The signature affixed by the Cardholder in the presence of the personnel of the MERCHANT on the Transaction Draft or Charge Slip prepared by the latter is the same as the specimen appearing on the Credit Card. In case of doubt, additional identification to determine the genuineness of the signature should be mandatorily requested from the Cardholder; and iii. The Credit Card is neither mutilated, defaced nor bears any marking/s of alteration in embossing or signature. c. The MERCHANT shall observe all security measures, whether or not prescribed by MCC in respect of the acceptance of any Credit Card for payment of any card transaction, including but not limited to, ensuring that only Credit Cards which are valid and not listed in any warning bulletin shall be accepted. For this purpose, a valid Credit Card is one which is not expired, not tampered with and presented or used by the Cardholder whose name and signature appears thereon; while a warning bulletin refers to a listing of Credit Cards that have been reported past due, stolen, canceled or compromised in some way. PLEASE SIGN ON ALL PAGES d. The MERCHANT shall obtain authorization and authorization code numbers for every card transaction electronically through the POS terminal or following the manual authorization procedure set forth in the Manual Operating Guide (“MOG”) provided by MCC to the MERCHANT. e. d. The MERCHANT shall comply with all instructions whatsoever given through the POS terminals in response to requests for authorization of Credit Card transactions made electronically through the POS terminals by the MERCHANT, or over the telephone in response to manual authorization requests following the manual authorization procedure. The MERCHANT shall not mislead the Cardholder by indicating that his Credit Card transaction is being declined or refused, but shall properly notify the Cardholder that the POS terminal registered such response which requires the MERCHANT to call MCC providing the following details: name of MERCHANT, Merchant ID number, Cardholder’s name, Card Account Number, expiration date of the Card, the amount of the Credit Card transaction and the reason for the request of the Credit Card transaction. f. e. The MERCHANT may not infer any impropriety, wrongdoing, or lack of credit worthiness on the part of any Cardholder from the referral of the Credit Card transaction to MCC or declining of any authorization request made in respect of a Credit Card transaction attempted to be effected by the Cardholder or from any instruction given to the MERCHANT by MCC under any provision of this Agreement. g. f. MERCHANT shall, at no time, open its own charge account for Cardholders or xxxx Cardholders directly or offer its own credit, debit and similar programs without the prior written conformity of MCC. h. g. Procedures relative to credit authorization and the processing of Credit Card transactions not covered by this Agreement are embodied in the MOG, the terms and conditions thereof shall form part of this Agreement. MCC may from time to time, by notice to MERCHANT, modify or amend the MOGMOG or this Agreement.

ACCEPTANCE OF CREDIT CARD. a. The MERCHANT shall honor, without any discrimination, all valid Credit Cards presented by bonafide Cardholders in the purchase of goods and/or services supplied by it on credit. Every Credit Card issued to a bonafide Cardholders is non-transferrable. Thus, thus MERCHANT should process transaction only of such Cardholder. b. The MERCHANT shall honor Credit Cards only after it has determined and become satisfied that: i. The Credit Card security features have been thoroughly examined reviewed and that the card has not yet expired; ii. The signature affixed by the Cardholder in the presence of the personnel of the MERCHANT on the Transaction Draft or Charge Slip prepared by the latter is the same as the specimen appearing on the Credit Card. In case of doubt, additional identification to determine the genuineness of the signature should be mandatorily requested from the Cardholder; andmandatorily iii. The Credit Card is neither not mutilated, defaced nor bears any marking/s marking(s) of alteration in embossing or signature. c. The MERCHANT shall observe all security measures, whether or not prescribed by MCC in respect of the acceptance of any Credit Card for payment of any card transaction, including but not limited to, ensuring that only any Credit Cards Card which are is accepted is a valid card and not listed in any warning bulletin shall be accepted. For this purpose, a valid Credit Card is one which is not expired, not tampered with and presented or used by the Cardholder whose name and signature appears thereon; while a warning bulletin refers to a listing of Credit Cards that have been reported past due, stolen, canceled or compromised in some way. PLEASE SIGN ON ALL PAGESbulletin. d. The MERCHANT shall obtain authorization and authorization code numbers for every card transaction electronically through the POS terminal or following the manual authorization procedure set forth in the Manual Operating Guide (“MOG”) provided by MCC to the MERCHANT. e. The MERCHANT shall comply with all instructions whatsoever given through the POS terminals Terminals in response to requests for authorization of Credit Card transactions Transactions made electronically through the POS terminals by the MERCHANT, or over the telephone in response to manual authorization requests following the manual authorization procedure. The MERCHANT shall not mislead the Cardholder by indicating that his Credit Card card transaction is being declined or refused, refused but shall properly notify the Cardholder that the POS terminal registered such response which requires the MERCHANT to call MCC providing the following details: name of MERCHANT, Merchant ID number, Cardholder’s Cardholders name, Card Account Number, expiration date expiry of the Card, the amount of the Credit Card transaction Transaction and the reason for the request of the Credit Card transactionTransaction. f. The MERCHANT may not infer any impropriety, wrongdoing, or lack of credit worthiness on the part of any Cardholder from the referral of the Credit Card card transaction to MCC or declining of any authorization request made in respect of a Credit Card card transaction attempted to be effected by the Cardholder or from any instruction given to the MERCHANT by MCC under any provision of this Agreement. g. MERCHANT shall, at no time, open its own charge account for Cardholders or xxxx Cardholders directly or offer its own credit, debit and similar programs without the prior written conformity of MCC. h. Procedures relative to credit authorization and the processing of Credit Card transactions not covered by this Agreement are embodied in the MOG, the terms and conditions thereof shall form part of this Agreement. MCC may from time to time, by notice to MERCHANT, modify or amend the MOG.

ACCEPTANCE OF CREDIT CARD. a. The MERCHANT shall honor, without any discrimination, all valid Credit Cards presented by bonafide Cardholders in the purchase of goods and/or services supplied by it on credit. Every Credit Card issued to a bonafide Cardholders is non-transferrable. Thus, MERCHANT should process transaction only of such Cardholder. b. The MERCHANT shall honor Credit Cards only after it has determined and become satisfied that: i. The Credit Card security features presented during the merchant orientation or as stated in the Merchant Operating Guidelines (MOG) have been thoroughly examined and that the card has Credit Card is valid and not yet expired. For this purpose, a valid Credit Card is one which is not expired, not tampered with and presented or used by the Cardholder whose name and signature appears thereon; ii. The signature affixed by the Cardholder in the presence of the personnel of the MERCHANT on the Transaction Draft or Charge Slip prepared by the latter is the same as the specimen appearing on the Credit Card. In case of doubt, additional identification to determine the genuineness of the signature should be mandatorily requested from the Cardholder; and iii. The Credit Card is neither mutilated, defaced nor bears any marking/s of alteration in embossing or signature. c. The MERCHANT shall observe all security measures, whether or not prescribed by MCC in respect of the acceptance of any Credit Card for payment of any card transaction, including but not limited to, ensuring that only Credit Cards which are valid and not listed in any warning bulletin shall be accepted. For this purpose, a valid Credit Card is one which is not expired, not tampered with and presented or used by the Cardholder whose name and signature appears thereon; while a warning bulletin refers to a listing of Credit Cards that have been reported past due, stolen, canceled or compromised in some way. PLEASE SIGN ON ALL PAGES d. The MERCHANT shall obtain authorization and authorization code numbers for every card transaction electronically through the POS terminal or following the manual authorization procedure set forth in the Manual Operating Guide (“MOG”) provided by MCC METROBANK to the MERCHANT. e. d. The MERCHANT shall comply with all instructions whatsoever given through the POS terminals in response to requests for authorization of Credit Card transactions made electronically through the POS terminals by the MERCHANT, or over the telephone in response to manual authorization requests following the manual authorization procedure. The MERCHANT shall not mislead the Cardholder by indicating that his Credit Card transaction is being declined or refused, but shall properly notify the Cardholder that the POS terminal registered such response which requires the MERCHANT to call MCC METROBANK providing the following details: name of MERCHANT, Merchant ID number, Cardholder’s name, Card Account Number, expiration date of the Credit Card, the amount of the Credit Card transaction and the reason for the request of the Credit Card transaction. f. e. The MERCHANT may not infer any impropriety, wrongdoing, or lack of credit worthiness on the part of any Cardholder from the referral of the Credit Card transaction to MCC METROBANK or declining of any authorization request made in respect of a Credit Card transaction attempted to be effected by the Cardholder or from any instruction given to the MERCHANT by MCC METROBANK under any provision of this Agreement. g. f. MERCHANT shall, at no time, open its own charge account for Cardholders or xxxx bill Cardholders directly or offer its own credit, debit and similar programs without the prior written conformity of MCCMETROBANK. h. g. Procedures relative to credit authorization and the processing of Credit Card transactions not covered by this Agreement are embodied in the MOG, the terms and conditions thereof shall form part of this Agreement. MCC METROBANK may from time to time, by notice to MERCHANT, modify or amend the MOGMOG or this Agreement.