Common use of Processing and Settlement Clause in Contracts

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:

Appears in 4 contracts

Samples: online.ogs.ny.gov, online.ogs.ny.gov, online.ogs.ny.gov

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