Common use of PCI-DSS Compliance Clause in Contracts

PCI-DSS Compliance. The merchant will comply and maintain compliance with PCI, the Account Information Security Program, the MasterCard Site Data Protection Program and any other similar programs as set forth by the Payment Service Providers and any changes to such programs and standards that may occur from time to time. The merchant will notify Paynovate immediately in the event of a threatened or potential data breach. The merchant acknowledges and accepts: ● That Payment Service Providers require Merchant to comply with these obligations and maintain such PCI compliance; ● That the merchant's failure to comply with PCI may result in fines imposed by ● Payment Service Providers; ● That any fines Paynovate may incur as a result of the merchant's failure to comply with this obligation and the Payment Service Provider requirements for PCI will be passed on to the merchant and the merchant will be fully liable for payment of such fines; and ● That to achieve and maintain PCI compliance, the merchant shall provide Paynovate with a designated point of contact responsible for liaising with Paynovate with respect to progress in achieving and maintaining PCI compliance. ● If th Xxxxxxxx believes that it will not be able to meet the requirements set forth in this section, the merchant shall notify Paynovate of this fact in this section, therefore the merchant will promptly notify Paynovate. ● Details of PCI and compliance requirements can be found at the following website at xxxx://xxx.xxxxxxxxxxxxxxxxxxxx.xxx or at another website as notified by Paynovate to the merchant from time to time.