Common use of Prepaid Card Processor Clause in Contracts

Prepaid Card Processor. The Prepaid Card is serviced by an unaffiliated third party institution (“Prepaid Card Processor”). The Prepaid Card Processor is responsible for processing all transactions initiated with the Prepaid Card. The Prepaid Card Processor may provide Client with access to an Internet or cloud based system to manage the Prepaid Card (“Prepaid Card System”). The Prepaid Card System is not owned, monitored or controlled by AFEX. AFEX may change the Prepaid Card Processor at any time with written notice to Client.

Appears in 5 contracts

Samples: Terms and Conditions, Agreement, Part Viii – Terms and Conditions

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