Merchant agrees Sample Clauses

Merchant agrees. (a) to follow the prevailing Acceptance Quick Guide and such other guidelines from time to time issued by Allinpay in force, which is incorporated into and form part of this Agreement; (b) to be bound by the operating regulations and rules of each of the Card Associations and other relative associations, including without limitation any rules and regulations related to cardholder and transaction information security, such as Payment Card Industry (PCI) Data Security Standards, and Cardholder Information Security Program and Site Data Protection Program issued by each of the Card Associations. (c) Merchants shall not disclose cardholder account information to any third party, except when such disclosure is necessary to complete a transaction or is required by law. (d) The Merchant shall ensure that its disposal procedure of data and information shall be secure and all information contained in materials to be disposed shall be unreadable. (e) The merchant shall in no event retain or store Card Verification Value 2 (CVV2) data subsequent to the authorization of a transaction. (f) Merchants (and their third-party agents) shall in no event retain full-track magnetic-stripe data subsequent to authorization. (g) Merchants shall be prohibited from setting minimum or maximum transaction amounts as a condition of honoring cards or wallet. (h) Merchants shall in no event impose surcharges on transactions, except that such surcharges are required under local laws. (i) Merchants shall in no event use their own merchant accounts for personal credit card / QRC transactions. In particular, Merchants shall in no event apply the cards or virtual wallets to withdraw cash.

Merchant agrees. 1. To honor each valid AIR Card® when presented by a holder thereof for the purchase of aviation related products and services (Merchandise). 2. To follow all procedures and purchase policies applicable to the purchase of Merchandise using an AIR Card®, including but not limited to those relating to invoicing and transaction authorization. 3. To send PROCESSOR, at least weekly, the MERCHANT’s Invoices representing all purchases made with the AIR Card®. 4. To pay PROCESSOR the Service Fee in accordance with the Payment Option as selected in writing by MERCHANT. MERCHANT authorizes PROCESSOR to deduct and retain for its own account from each payment due to MERCHANT under the acceptable Payment Option the Service Fee arrived at by multiplying the percentage amounts corresponding to the Payment Option selected by MERCHANT times the total amount of each Invoice included in the PROCESSOR payment to MERCHANT. 5. If MERCHANT fails to properly authorize any AIR Card® transaction, and such transaction is not an authorized transaction, MERCHANT shall not be entitled to payment for and PROCESSOR shall not be required to pay MERCHANT for such transaction. 6. Amounts representing Merchandise purchases not made in accordance with the AIR Card® Operating Procedures will be rejected by PROCESSOR. If a transaction is paid and billed to DLA Customer, who subsequently rejects the transaction, this amount will be deducted from the next regular payment due to the MERCHANT. 7. PROCESSOR PAYMENT OPTION. MERCHANT hereby elects the Payment Option and corresponding PROCESSOR Service Fee percentage as follows: (Please circle preferred Payment Option) Payment Option PROCESSOR will electronically send payment based on the schedule below equal to the net invoice amount for all invoices Service Fee Percentage A Four Week Pay – Payment will be sent approximately 20 - 21 business days after KHI invoice Processing Date 2.500% ** B Two Week Pay – Payment will be sent approximately 10 - 11 business days after KHI invoice Processing Date 3.000% ** C One Week Pay – Payment will be sent approximately 5 - 6 business days after KHI invoice Processing Date 3.500% ** D Three Day Pay – Payment will be sent approximately 3 - 4 business days after KHI invoice Processing Date 3.965% ** PROCESSOR offers various Electronic invoice submission options at NO ADDITIONAL Fee to the MERCHANT. Benefits include secure, Level III authorization along with a reduction in processing errors and faster MERCHANT payment...

Merchant agrees. (i) to preserve all records pertaining to Card transactions and Card Items for two (2) years from the date of origination of such items, and allow ISO/Bank to examine, copy, and verify such items, (ii) within five (5) calendar days following receipt of ISO/Bank’s retrieval request, to send copies of Card Items and records pertaining to any Card transaction to ISO/Bank by first-class mail or electronic medium, and (iii) to execute and to file such statements and notices as ISO/Bank may request to preserve or protect the interests of ISO/Bank under this Agreement.

Merchant agrees. (a) to follow the Card Acceptance Guide issued by Processor and for the time being in force, which is incorporated into and made part of this Agreement; (b) to be bound by the operating regulations and rules of the Card Associations, including without limitation any rules and regulations related to cardholder and transaction information security, such as Payment Card Industry (PCI) Data Security Standards, Visa’s Cardholder Information Security Program and MasterCard’s Site Data Protection Program.

Merchant agrees. (i) to preserve all records pertaining to Card transactions and Card