Merchant will not Clause Samples
The "Merchant will not" clause sets out specific prohibitions or restrictions on the actions of the merchant within the context of an agreement. Typically, this clause lists activities the merchant is expressly forbidden from engaging in, such as misrepresenting products, violating laws, or using confidential information improperly. For example, it may prevent the merchant from selling counterfeit goods or from disclosing proprietary information to third parties. The core function of this clause is to protect the interests of the other party and ensure compliance with legal and ethical standards by clearly outlining unacceptable behaviors.
Merchant will not. A. Provide Cardholder Account numbers or other personal Cardholder information to anyone except Bank, Card Associations, or Merchant’s agents for the purpose of assisting Merchant in completing Card Transactions, or as specifically required by law.
B. Retain or store Card Magnetic Stripe data after Merchant receives payment for a Charge.
C. Sell, purchase, provide or exchange Card account number information to any third party without the Cardholder’s consent, or to any entity other than Merchant’s authorized agents, the Bank, the Card Associations, or in response to valid legal process or subpoena.
D. Release any Cardholder information over the telephone under any circumstances.
Merchant will not. (i) Provide Cardholder Account numbers, personal Cardholder information or Transaction information to anyone except Provider, Card Networks, or Merchant's agents/Merchant Servicers (but only those who have been approved by Provider as required under this Agreement and are properly registered with the Card Networks) for the purpose of assisting Merchant in completing Transactions, or as specifically required by law; (ii) Retain or store Card Magnetic Stripe, CVV, CVV2, CVC2 or CID data (including Track Data) subsequent to Authorization for a Transaction; (iii) Sell, purchase, provide or exchange Card account number information or other Transaction or Cardholder information to any third party, or to any entity other than Merchant's authorized agents/Merchant Servicers (but only those who have been approved by Provider as required under this Agreement and are properly registered with the Card Networks), the Provider, the Card Networks, or in response to valid legal process or subpoena; or (iv) Release any Cardholder information over the telephone under any circumstances.
Merchant will not i. Provide Cardholder Account numbers, personal Cardholder information or Card Transaction information to anyone except Bank, Card Networks, or Merchant’s agents/Merchant Servicers (but only those who have been approved by Bank as required under this Agreement and are properly registered with the Card Networks) for the purpose of assisting Merchant in completing Card Transactions, or as specifically required by law.
ii. Retain or store Card Magnetic Stripe, CVV, CVV2, CVC2 or CID data (including Track Data) subsequent to Authorization for a Card Transaction.
iii. Sell, purchase, provide or exchange Card account number information or other Card transaction or Cardholder information to any third party, or to any entity other than Merchant’s authorized agents/Merchant Servicers (but only those who have been approved by Bank as required under this Agreement and are properly registered with the Card Networks), the Bank, the Card Networks, or in response to valid legal process or subpoena.
iv. Release any Cardholder information over the telephone under any circumstances.