Common use of In-Store Payments Clause in Contracts

In-Store Payments. The physical in-store Company Channels shall be permitted to accept In-Store Payments from Cardholders on their Accounts in accordance with the Operating Procedures, and any procedures required under Applicable Law. The Company will hold all amounts collected solely as agent for the benefit of the Bank, and such amounts shall be the property of the Bank. The Bank may direct the Company to stop accepting In-Store Payments as required by Applicable Law (except for Applicable Law described in subclause (vi) of the definition of Applicable Law). The Bank hereby grants to each of the Company and any Retail Merchant who can accept In-Store Payments a limited power of attorney (coupled with an interest) to sign and endorse the Bank’s name upon any form of payment that may have been issued in the Bank’s name in respect of any Account. Such In-Store Payments shall be processed in accordance with the Operating Procedures. The Company shall notify the Bank upon receipt of In-Store Payments and the Bank shall include the Charge Transaction Data related to such In-Store Payments in the net settlement in respect of the day immediately following such receipt on the same basis as other Charge Transaction Data. The Company shall issue receipts for such payments in compliance with Applicable Law and the Operating Procedures.

In-Store Payments. The physical in-store Company Channels shall be permitted to Retail Merchants may accept In-Store Payments from Cardholders on their Accounts in accordance with the Operating Procedures, and any procedures required under Applicable Law. The Company will hold all amounts collected solely Retail Merchants shall, as agent for the benefit of the Banknecessary, and provide proper endorsements on such amounts shall be the property of the Bankitems. The Bank may direct the Company to stop accepting In-Store Payments as required by Applicable Law (except for Applicable Law described in subclause (vi) of the definition of Applicable Law). The Bank hereby grants to each of the Company FDS Companies and any the Retail Merchant who can accept In-Store Payments Merchants a limited power of attorney (coupled with an interest) to sign and endorse the Bank’s name upon any form of payment that may have been issued in the Bank’s name in respect of any Account. Such The FDS Companies and Bank shall jointly develop procedures in the Operating Procedures with respect to the manner in which such In-Store Payments shall be processed in accordance with (it being understood that such procedures shall provide for immediate credit toward the Operating Proceduresapplicable open-to-buy limits of the respective Account upon receipt of an In-Store Payment). The Company FDS Companies, on behalf of the Retail Merchants, shall notify the Bank upon receipt of In-Store Payments and the Bank shall include the FDS Charge Transaction Data related to such In-Store Payments in the net settlement in respect of the day immediately following such receipt on the same basis as other FDS Charge Transaction Data. The Company Retail Merchants shall issue receipts for such payments in compliance with Applicable Law and the Operating ProceduresLaw.

In-Store Payments. The physical in-store Company Channels shall be permitted to Retaix Xxxxhants may accept In-Store Payments from Cardholders on their Accounts in accordance with the Operating Procedures, the Risk Management Policies and any procedures required under Applicable Law. The Company will hold all amounts collected solely Retail Merchants shall, as agent for necessary, provide proper endorsements on such items. If the benefit of the BankRetail Merchants receive any In-Store Payments, and such amounts BAR shall be the property of the Bank. The Bank may direct the Company deemed to stop accepting hold such In-Store Payments as required in trust for Bank until such Payments are either delivered to Bank or applied to reduce amounts payable by Applicable Law (except for Applicable Law described in subclause (vi) of the definition of Applicable LawBank to BAR pursuant to Section 8.4(b). The Bank hereby grants to each of BAR and the Company and any Retail Merchant who can accept In-Store Payments Merchants a limited power of attorney (coupled with an interest) to sign and endorse the Bank’s 's name upon any form of payment that may have been issued in the Bank’s 's name in respect of any Account. Such BAR and Bank shall jointly develop procedures in the Operating Procedures with respect to the manner in which such In-Store Payments shall be processed in accordance with (it being understood that such procedures shall provide for immediate credit toward the Operating Proceduresapplicable open-to-buy limits of the respective Account upon receipt of an In-Store Payment). The Company BAR, on behalf of the Retail Merchants, shall notify the Bank upon receipt of In-Store Payments and the Bank shall include the Belk Charge Transaction Data related to such In-Store Payments in the net settlement in respect of the day immediately following such receipt on the same basis as other Belk Charge Transaction Data. The Company Retail Merchants shall issue receipts for such payments in compliance with Applicable Law and the Operating ProceduresLaw.

In-Store Payments. The physical in-store Company Channels shall be permitted to Retail Merchants may accept In-Store Payments from Cardholders on their Accounts in accordance with the Operating Procedures, and any procedures required under Applicable Law. The Company will hold all amounts collected solely Retail Merchants shall, as agent for the benefit of the Banknecessary, and provide proper endorsements on such amounts shall be the property of the Bankitems. The Bank may direct the Company to stop accepting In-Store Payments as required by Applicable Law (except for Applicable Law described in subclause (vi) of the definition of Applicable Law). The Bank hereby grants to each of the Company FDS Companies and any the Retail Merchant who can accept In-Store Payments Merchants a limited power of attorney (coupled with an interest) to sign and endorse the Bank’s 's name upon any form of payment that may have been issued in the Bank’s 's name in respect of any Account. Such The FDS Companies and Bank shall jointly develop procedures in the Operating Procedures with respect to the manner in which such In-Store Payments shall be processed in accordance with (it being understood that such procedures shall provide for immediate credit toward the Operating Proceduresapplicable open-to-buy limits of the respective Account upon receipt of an In-Store Payment). The Company FDS Companies, on behalf of the Retail Merchants, shall notify the Bank upon receipt of In-Store Payments and the Bank shall include the FDS Charge Transaction Data related to such In-Store Payments in the net settlement in respect of the day immediately following such receipt on the same basis as other FDS Charge Transaction Data. The Company Retail Merchants shall issue receipts for such payments in compliance with Applicable Law and the Operating ProceduresLaw.