Funding Hold. Should FORTE observe any irregular Transaction or possible fraudulent activity on Merchant’s account, or as required by law or Payment Association, FORTE reserves the right to place a funding hold on Merchant’s processing account without prior written notice to Merchant. In the event FORTE places a funding hold on Merchant’s account under the terms of this Section, FORTE will provide Merchant with notice of the hold and the reason for such hold so long as communicating such would not create a security risk or violate any legal obligation of FORTE. Any funds held under this Section will be treated as a Reserve and be governed by the terms of this Section 4.
Funding Hold. Should FORTE observe any irregular Transaction or possible fraudulent activity on Merchant’s account, or as required by law, FORTE reserves the right to place a funding hold on Merchant’s processing account without prior written notice to Merchant.
Funding Hold. NewAppIdea’s Funding Hold service works like escrow and allows controlled, milestone payments to be made to an App Developer. NewAppIdea will accept an advance payment from a Client for a Job. We will hold such funds ("Milestone Payments") until the Client and the App Developer agree that the funds should be released to the App Developer. The funds can be released at certain milestones or in one lump sum. Once Client instruct NewAppIdea to pay an App Developer for a Job or a portion of a Job, the Client acknowledges that the App Developer has completed the Job or that portion of the Job fully and satisfactory. NewAppIdea will then disburse the Milestone Payment to the App Developer. If the Client does not approve of the App Developers work product, NewAppIdea will retain the funds until it receives joint instruction from the parties. NewAppIdea will not resolve any disputes between the Client and App Developers.
Funding Hold. Should any of the following occur: (i) Merchant’s account experiences funding issues, including but not limited to chargebacks or returned funding or billing; (ii) FORTE observes irregular, suspicious or possible fraudulent Transaction activity on Merchant’s account; or (iii) FORTE is required by Laws or at the instruction of ODFI or a Payment Network, FORTE reserves the right to place a funding hold on Merchant’s processing account without prior written notice to Merchant. In the event FORTE places a funding hold on Xxxxxxxx’s account under the terms of this Section, FORTE will provide Merchant with notice of the hold and the reason for such hold so long as communicating such would not create a security risk or violate any legal obligation of FORTE. Any funds held under this Section will be treated as a Reserve and be governed by the terms of this Section 4.
