Card-Present Transactions Sample Clauses
The Card-Present Transactions clause defines the requirements and procedures for processing payment card transactions where the physical card is present at the point of sale. It typically outlines the obligations of merchants to verify the cardholder’s identity, use approved payment terminals, and follow security protocols such as chip or magnetic stripe verification. This clause ensures that transactions are conducted securely and helps reduce the risk of fraud by establishing clear standards for in-person card payments.
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 will be entered as a Forced Sale, provided the approval number is also entered, and Sub-Merchant may be subject to an additional IVR (interactive voice response) authorization fee as outlined in the Purchase Order or the Application.
Card-Present Transactions. 7.1 For Card Present Transactions, you will follow the instructions and prompts on the Terminal in order to complete the Transaction, which may include obtaining the Cardholder's signature, and you will complete and provide to the Cardholder a Transaction Record once the Transaction is complete.
7.2 If a Card Present Transaction is processed using a PIN, the provisions set out in Schedule A will apply.
7.3 If a Card Present Transaction, other than a Contactless Transaction, is processed other than by using a PIN, including because your Terminal does not function or the Authorization System is Off-Line, the provisions set out in Schedule B will apply.
Card-Present Transactions. You may not use the Acquiring Solution to accept Garage/ Fleet or Petrol Cards as a Payment Instrument unless otherwise advised by us in writing.
Card-Present Transactions. 3.1.1 The Merchant shall ensure that the following acceptance procedures are strictly observed and complied with for Card-Present transactions:-
(a) The Merchant shall process all Card-Present transactions irrespective of the amount and are processed using the Terminal(s) provided by MBB. Only approved Card transactions shall be regarded as Card payment completed. The Merchant shall not proceed further if the Card transaction is not approved.
(b) PIN based Card transaction Card payment transactions that require a Personal Identification Number (PIN) to be keyed on the terminals or PIN Pads requires a very high level of security from your end to ensure your customers are able to key in the PIN with the full confidence that there are no risk to the PIN being copied/captured/compromised. Your business should therefore ensure the following are being complied and carried out at all times:
i. That you provide a proper space for the customer to key in the PIN with ease;
ii. That your cashier or the staff around the area, “LOOKS AWAY” when the customer enters their PIN;
iii. That your staff ensure the other customers/person stand at a reasonable distance away from and not “crowd around” the customer who is about to key in their PIN.
(c) Signature based Transaction The Merchant shall ensure that for Card payment transactions that requires signature, the signature of the Cardholder is obtained at the appropriate place on the Sales Slips and shall always compare to ascertain that such signature shall be identical to that appearing on the Cardholder’s Card and if such identification is uncertain, or in the event of the signature differs or in the event the Merchant believes there to be a discrepancy in the signature, the Merchant shall contact MBB for instructions.
(d) When a Card is presented to the Merchant for payment, in accepting and honouring the Card, the Merchant shall ensure that the following acceptance procedures are strictly observed and complied with:-
(i) The Merchant shall examine the VISA Card Program Marks or MasterCard Marks or American Express Marks or JCB Marks or MyDebit program Marks or Union Pay International (UPI) Marks or any other security or distinctive features of the Card;
(ii) The Merchant shall ensure that the Card so presented is valid and unexpired;
(iii) The Merchant shall ensure that the Card so presented have not been altered and mutilated.
(e) Contactless card transaction The Cardholder shall be allowed to tap their Contactless ena...
Card-Present Transactions. Card present transactions mean completion of a payment that requires the physical presence and participation of the cardholder and a sales assistant from the company. Payment method in which cardholders have registered their card with the company so that subsequent payments can be initiated and approved by the cardholder using a special password.
Card-Present Transactions. Commencing on the CP Date, Stripe shall process CP Transactions conducted at point-of-sale Shopify Payment Merchant locations in the Territory.
Card-Present Transactions. Card Payments that are made via a payment terminal in which the Payment Card’s chip, magnetic stripe, or contactless payment technology is read.