Processing and Settlement. The Contractor shall adhere to industry standard timeframes for processing, settling, and data capturing for all transactions, and shall adhere to industry standard timeframes for processing and receiving authorizations by device type. Transaction authorization and verification shall be available on a twenty-four (24) hours per day, seven (7) days per week basis, three-hundred sixty-five (365) days per year, including holidays. Upon Authorized User request, Contractor shall also provide to the Authorized User:
Processing and Settlement. 4.1. Xxxxxxxx agrees that it will comply with the terms of the Agreement and acknowledges that all Transactions (i) are only originating from websites approved by Credorax and (ii) will be submitted in accordance with the Operational Terms and Conditions and any other specifications or instructions set by Credorax in order for Credorax to carry out the Credorax Services. Xxxxxxxx agrees that Xxxxxxxx shall not be obliged to provide the Credorax Services when the relevant data is not delivered accurately and in the format specified by Credorax.
Processing and Settlement. Except as otherwise provided in this ACH Agreement, if iStream elects to accept an Entry for processing, it shall (i) process Entries received from Company to conform with the file specifications set forth in the Rules, (ii) transmit such Entries to the clearing agent selected by iStream, (iii) settle for such Entries as provided herein or in the Rules, and (iv) if applicable, in the case of a credit Entry received for credit to an account with iStream’s designated ODFI ("On-Us Entry"), iStream shall attempt to credit the Receiver's account in the amount of such credit Entry on the date contained in such credit Entry provided such credit Entry is received by iStream at the time and in the form prescribed by iStream in Section 4 and Exhibit 2.
Processing and Settlement. Unless otherwise agreed to with Citibank, all Processing and Settlement for Sears Card transactions will be accomplished via your agreement with your Processor or Financial Institution, with and through Citibank.
Processing and Settlement. Unless otherwise agreed upon by the parties, all processing and settlement for Sales Transactions will be accomplished via Processor.
