Merchant Accounts. It is understood that the Company may keep merchant accounts in its name only with EEA regulated payment institutions used to settle payment transactions of its Clients. However, for the avoidance of doubt, it is noted that such merchant accounts are not used for safekeeping of Client money but only to effect settlements of payment transactions. There are instances where such merchant accounts might be held with a payment institution authorized in a third country. In such a case the Company will take all reasonable measures to ensure that payment institutions authorized in a third country are supervised by regulatory authorities of equivalent status to CySEC and/or are satisfying any other requirements set by the applicable regulations.
Merchant Accounts. PAYMARK shall be entitled to facilitate the depositing of Transaction settlement proceeds and the debiting of any amount payable by the Merchant under this Agreement to such account as advised by the Merchant to the Bank, and the Bank to PAYMARK, as being the Merchant Account.
Merchant Accounts. (i) EVERTEC will input such data for each approved Merchant (and assist BPPR in managing the corresponding data for the Government-Merchants) in databases as is necessary for such Merchant or Government-Merchant to participate in the Merchant Program. EVERTEC will maintain the data files in a manner reasonably designed to assure that all Merchant and Government-Merchant charges are input promptly.
Merchant Accounts. All security interests in each demand deposit or ----------------- current or similar account, either with Bank or another financial institution, linked to a customer under a Merchant Agreement, in accordance with Section 5.3;
Merchant Accounts. Worldline shall be entitled to facilitate the depositing of Transaction settlement proceeds and the debiting of any amount payable by the Merchant under this Agreement to such account as advised by the Merchant to the Bank, and the Bank to Worldline, as being the Merchant Account.
Merchant Accounts. 4.3.1. UCLA shall maintain records of Merchant transaction detail for a minimum period of one month.
Merchant Accounts. All merchant accounts shall be held and maintained by Healthnet and Healthnet shall only be responsible for processing credit card debits and credits for merchant accounts that it has obtained on behalf of the Licensee. 5.5
Merchant Accounts. Purchaser shall apply for merchant credit card accounts in its own name promptly after the Settlement Date. For a period not to exceed ninety (90) days after the Settlement Date, Seller shall, to the extent permitted under agreements governing its existing merchant accounts, allow Purchaser to use such merchant accounts to process transactions at the Company Superstores, and Seller shall promptly remit to Purchaser all amounts received in respect of such transactions.
Merchant Accounts. 24 ----------------- 5.23 Governmental Approvals and Licenses...............................................................25 ----------------------------------- 5.24 Publicity.........................................................................................25 --------- 5.25 Financial Information.............................................................................25 ---------------------
Merchant Accounts. After the Closing Date, Buyer hereby agrees to accept, assume, and process any and all “Charge-back Items” received subsequent to the Closing Date but arising prior thereto against Mastercard, Visa, and/or American Express merchant Deposit accounts. “
