Common use of Business Recovery Process Clause in Contracts

Business Recovery Process. A Merchant must have a business recovery procedure that supports protection and retention of the Merchant’s records in a contingency. For example, if a technical problem results in a Terminal losing memory of a stored payment instruction awaiting delivery to the System, the Merchant must have another way of retaining a record of the payment instruction.

Appears in 6 contracts

Samples: Merchant Agreement, Merchant Agreement, Merchant Agreement

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