Merchant Account. Merchant shall maintain a checking account at a financial institution of Merchant's choice for purposes of electronic settlement of Transactions (“Settlement Account”). This checking account must accept debit and credit ACH Transactions.
Appears in 4 contracts
Samples: Application and Agreement for Benefits Redemption Ebt and/or Merchant, Non Exempt, Ebt Services Agreement, Ebt Services Agreement
Merchant Account. Merchant shall maintain a checking account at a financial institution of Merchant's choice for purposes of electronic settlement of Transactions (“Settlement Account”)transactions. This checking account must accept debit and credit ACH Transactions.
Appears in 3 contracts
Samples: Application and Agreement for Benefits Redemption, Benefits Redemption Agreement, Application and Agreement for Benefits Redemption
