Common use of Network Rules and Industry Regulations Clause in Contracts

Network Rules and Industry Regulations. The Company will comply with all rules, requirements, and standards of each of the Networks (together, Network Rules) and any regulations, requirements and standards issued by a governmental authority or industry body (together, Industry Regulations). The Company acknowledges that it has access to First Data’s payment acceptance guide (Payment Acceptance Guide), which may be updated from time to time, can be found on the First Data website, and will assist the Company with properly accepting and submitting its transactions for processing. Under Network Rules, the Company does not own the Card account, Cardholder, personal, or other payment transaction information generated when a payment transaction is processed using the Acquiring Services. The Company will not use, retain, disclose, sell, or disseminate any Card or Cardholder information (including, names, addresses, and Card account numbers) obtained in connection with payment transactions except for (1) authorising, processing, and settling transactions; or (2) resolving chargebacks, retrieval requests, or similar issues related to its transactions. The Company will not reproduce electronically captured Cardholder signatures except as requested by First Data or the Networks. A Cardholder is the individual who was issued a Card.

Network Rules and Industry Regulations. The Company will comply with all rules, requirements, requirements and standards of each of the Networks (together, Network Rules) and any regulations, requirements and standards issued by a governmental authority or industry body (together, Industry Regulations). The Company acknowledges that it has access to First DataFiserv’s payment acceptance guide (Payment Acceptance Guide), which may be updated from time to time, can be found on the First Data website, Fiserv website and will assist the Company with properly accepting and submitting its transactions for processing, but is not part of this Agreement. Under Network Rules, the Company does not own the Card account, Cardholder, personal, or other payment transaction information generated when a payment Card transaction is processed using the Acquiring Services. The Company will not use, retain, disclose, sell, or disseminate any Card or Cardholder information (including, names, addresses, addresses and Card account numbers) obtained in connection with payment transactions except for (1) authorising, processing, processing and settling transactions; or (2) resolving chargebacks, retrieval requests, or similar issues related to its transactions. The Company will not reproduce electronically captured Cardholder signatures except as requested by First Data Fiserv or the Networks. A Cardholder is the individual who was issued a Card.