Card Association Rules Clause Samples
The Card Association Rules clause defines the requirement for parties to comply with the operational and security standards set by major card networks, such as Visa or Mastercard. In practice, this means that merchants, payment processors, and other involved entities must follow guidelines regarding transaction processing, data security, and dispute resolution as established by these associations. This clause ensures that all parties operate within the accepted industry framework, reducing the risk of non-compliance penalties and promoting secure, standardized payment practices.
Card Association Rules. Merchant shall comply with the Card Association Rules, as amended from time to time. Merchant is required to review the latest versions of Card Association Rules, as applicable to Merchant’s obligations under this Agreement, available online at each Card Association’s website.
Card Association Rules. To the best of FDC's knowledge, FDC or any of its applicable Affiliates is, and, since January 1, 1998 has been, in substantial compliance with all applicable Card Association rules, by-laws and regulations and has received no notice of any material violations thereof.
Card Association Rules. To the best of Bank One's knowledge, Bank One or its applicable clearing affiliate is, and, since January 1, 1998 has been, in substantial compliance with all applicable Card Association rules, by- laws and regulations and has received no notice of any material violations thereof.