Common use of PRESENTMENT OF TRANSACTIONS Clause in Contracts

PRESENTMENT OF TRANSACTIONS. 10.1 You must present Transactions to Us for Authorisation and Settlement by way of electronic transfer in accordance with the Payment Facilitator Relationship Program Standards. The Transaction Data requirements are set by the Networks and will be advised to You by Us from time to time. You shall implement such changes within the required timescale as detailed in such notification(s). 10.2 You must only submit to Us records of valid Transactions involving a bona fide Cardholder. You must not submit any Transactions to Us that You know, or should know, to be fraudulent or not authorised by the Cardholder. 10.3 You agree and confirm that We have the absolute right to cease to accept Transaction Data or Authorisation requests from You at any time. 10.4 Transactions are to be presented to Us for Settlement within three (3) Business Days of a Card being accepted as a means of payment or Refund. 10.5 In circumstances where Transaction Data is to be delivered to Us via a Third Party, You accept responsibility for the collection, security, integrity and delivery to Us of such Transaction Data. 10.6 You must not present for Settlement, or allow anyone else to present for Settlement, to Us more than one set of Transaction Data for each Transaction.

PRESENTMENT OF TRANSACTIONS. 10.1 9.1 You must present Transactions to Us for Authorisation and Settlement by way of electronic transfer in accordance with the Payment Facilitator Relationship Program Standards. The Transaction Data requirements are set by the Networks and will be advised to You by Us from time to time. You shall implement such changes within the required timescale as detailed in such notification(s). 10.2 9.2 You must only submit to Us records of valid Transactions involving a bona fide Cardholder. You must not submit any Transactions to Us that You know, or should know, to be fraudulent or not authorised by the Cardholder. 10.3 9.3 You agree and confirm that We have the absolute right to cease to accept Transaction Data or Authorisation requests from You at any time. 10.4 9.4 Transactions are to be presented to Us for Settlement within three (3) Business Days of a Card being accepted as a means of payment or Refund. 10.5 9.5 In circumstances where Transaction Data is to be delivered to Us via a Third Party, You accept responsibility for the collection, security, integrity and delivery to Us of such Transaction Data. 10.6 9.6 You must not present for Settlement, or allow anyone else to present for Settlement, to Us more than one set of Transaction Data for each Transaction.

PRESENTMENT OF TRANSACTIONS. 10.1 You must present Transactions to Us for Authorisation and Settlement by way of electronic transfer in accordance with the Payment Facilitator Relationship Program StandardsXxxx xxxxx. The Transaction Data requirements req uirements are set by the Networks and will be advised to You by Us from time to time. You shall implement such changes within the required timescale as detailed in such notification(s). 10.2 You must only submit to Us records of valid Transactions involving a bona fide Cardholder. You must not submit any Transactions to Us that You know, or should know, to be fraudulent or not authorised by the Cardholder. 10.3 You agree and confirm that We have the absolute right to cease to accept Transaction Data or Authorisation requests req uests from You at any time. 10.4 Transactions are to be presented to Us for Settlement within three (3) Business Days of a Card being accepted as a means of payment or Refund. 10.5 In circumstances where Transaction Data is to be delivered to Us via a Third Party, You accept responsibility for the collection, security, integrity and delivery to Us of such Transaction Data. 10.6 You must not present for Settlement, or allow anyone else to present for Settlement, to Us more than one set of Transaction Data for each Transaction.