Authorization for Payment Card Processing Transactions Clause Samples

Authorization for Payment Card Processing Transactions. Merchant shall obtain Authorization for Payment Card Processing Transactions as follows: i. Electronically Transmitted Transaction. Sub-Merchant shall submit each Payment Card Processing Transaction for Authorization to Fattmerchant’s designated authorization center. Fattmerchant’s designated authorization center shall respond with the Issuer’s authorization or rejection to a Payment Card Processing Transaction transmitted for Authorization and shall capture and process for Sub- Merchant the information relating to the Payment Card Processing Transaction. ii. Card-Present Transactions. The following additional requirement applies to Card- Present Transactions: If a terminal or software application is inoperable at the time of an Authorization request, the Payment Card Processing Transaction may be manually authorized. In that case, the Payment Card Processing Transaction shall be entered as a Forced Sale, provided the approval number is also entered, and Sub-Merchant shall be subject to an additional IVR authorization fee as outlined in the Application. iii. Card-Not-Present Transactions. The following additional requirements apply to Card-Not-Present Transactions: a. All Card-Not-Present Transactions are at Sub-Merchant's risk. As to each Card-Not- Present Transactions, Sub- Merchant warrants to Fattmerchant that the person whose name is submitted as Cardholder either made or authorized another to make the purchase. Upon breach of this warranty, Fattmerchant may chargeback the Payment Card Processing Transaction to Sub-Merchant. If Fattmerchant charges back the Payment Card Processing Transaction to Sub-Merchant, Sub-Merchant shall pay Fattmerchant the amount of the Payment Card Processing Transaction, a Chargeback fee, plus any Association fine or assessment. Fattmerchant may charge the Payment Card Processing Transaction to the Operating Account or Reserve Account without prior notice to Merchant; b. All Card-Not-Present Transactions must be electronically authorized and, in addition to the information required for Documenting Payment Card Processing Transactions, also shall indicate an authorization code, if required; customer address and address verification; CVV (card verification value), CID (card identification data); and in lieu of Cardholder's signature, a notation of (a) mail order, (b) telephone order, (c) e-commerce order, or (d) pre- authorized order, on the signature line; c. If Sub-Merchant accepts a Recurring Order Transaction, the Cardhol...