Common use of In-Store Payments Clause in Contracts

In-Store Payments. The Retail Merchants may accept In-Store Payments from Cardholders on their Accounts in accordance with the Operating Procedures. The Retail Merchants shall, as necessary, provide proper endorsements on such items. Bank hereby grants to each of the FDS Companies and the Retail Merchants a limited power of attorney (coupled with an interest) to sign and endorse Bank’s name upon any form of payment that may have been issued in Bank’s name in respect of any Account. 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 (it being understood that such procedures shall provide for immediate credit toward the applicable open-to-buy limits of the respective Account upon receipt of an In-Store Payment). The FDS Companies, on behalf of the Retail Merchants, shall notify Bank upon receipt of In-Store Payments and 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 Retail Merchants shall issue receipts for such payments in compliance with Applicable Law.

In-Store Payments. The Retail Merchants may accept In-Store Payments from Cardholders on their Accounts in accordance with the Operating Procedures. The Retail Merchants shall, as necessary, provide proper endorsements on such items. Bank hereby grants to each of the FDS Companies and the Retail Merchants a limited power of attorney (coupled with an interest) to sign and endorse Bank’s 's name upon any form of payment that may have been issued in Bank’s 's name in respect of any Account. 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 (it being understood that such procedures shall provide for immediate credit toward the applicable open-to-buy limits of the respective Account upon receipt of an In-Store Payment). The FDS Companies, on behalf of the Retail Merchants, shall notify Bank upon receipt of In-Store Payments and 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 Retail Merchants shall issue receipts for such payments in compliance with Applicable Law.

In-Store Payments. The Retail Merchants 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 Retail Merchants shall, as necessary, provide proper endorsements on such items. If the Retail Merchants receive any In-Store Payments, BAR shall be deemed to hold such In-Store Payments in trust for Bank until such Payments are either delivered to Bank or applied to reduce amounts payable by Bank to BAR pursuant to Section 8.4(b). Bank hereby grants to each of the FDS Companies BAR and the Retail Merchants a limited power of attorney (coupled with an interest) to sign and endorse Bank’s 's name upon any form of payment that may have been issued in Bank’s 's name in respect of any Account. The FDS Companies 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 (it being understood that such procedures shall provide for immediate credit toward the applicable open-to-buy limits of the respective Account upon receipt of an In-Store Payment). The FDS CompaniesBAR, on behalf of the Retail Merchants, shall notify Bank upon receipt of In-Store Payments and Bank shall include the FDS 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 FDS Belk Charge Transaction Data. The Retail Merchants shall issue receipts for such payments in compliance with Applicable Law.

In-Store Payments. The Retail Merchants may 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 Retail Merchants shallCompany 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 necessary, provide proper endorsements on such itemsrequired 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 FDS Companies Company and the any Retail Merchants 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. The FDS Companies and Bank shall jointly develop procedures in the Operating Procedures with respect to the manner in which such Such In-Store Payments shall be processed (it being understood that such procedures shall provide for immediate credit toward in accordance with the applicable open-to-buy limits of the respective Account upon receipt of an In-Store Payment)Operating Procedures. The FDS Companies, on behalf of the Retail Merchants, Company 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 Retail Merchants Company shall issue receipts for such payments in compliance with Applicable LawLaw and the Operating Procedures.