Processing Restrictions. 3.1 If at any time the volume of CNP Transactions, substantially exceeds the projected annual volume stated on the Application, or if at any time Processor or Merchant Bank suspects fraud, money laundering or violations of the Operating Rules, Processor or Merchant Bank may, in their sole and absolute discretion and in addition to other remedies that Processor or Merchant Bank may have: 3.1.1 refuse to process the excessive or suspect CNP Transactions; 3.1.2 process the CNP Transactions and retain the funds received from processing until such time as the excess or suspect charges are found to be valid or invalid and processed in accordance with the Operating Rules; 3.1.3 suspend the CNP Transactions and/or terminate the Agreement; or 3.1.4 amend the Agreement to protect the interests of Processor or Merchant Bank.
Appears in 11 contracts
Samples: Merchant Agreement, Merchant Agreement, Merchant Agreement
Processing Restrictions. 3.1 If at any time the volume of CNP Transactions, substantially exceeds the projected annual volume stated on the Application, or if at any time Processor or Merchant Bank suspects fraud, money laundering or violations of the Operating Rules, Processor or Merchant Bank may, in their sole and absolute discretion and in addition to other remedies that Processor or Merchant Bank may have:
3.1.1 refuse to process the excessive or suspect CNP Transactions;
3.1.2 process the CNP Transactions and retain the funds received from processing until such time as the excess or suspect charges are found to be valid or invalid and processed in accordance with the Operating Rules;
3.1.3 suspend the CNP Transactions and/or terminate the Agreement; or
3.1.4 amend the Agreement to protect the interests of Processor or Merchant Bank.
Appears in 1 contract
Samples: Merchant Agreement
