Processing Software & 3DSecure Sample Clauses

Processing Software & 3DSecure. To the extent all of the following criteria are met, the Merchant shall qualify for the Limited Payment Guarantee: a) The Merchant's Processing Software is compatible with the most recent security standards relating to 3DSecure that are imposed by the Card Scheme. b) After installation of the 3DSecure protocol, the Merchant has received a written confirmation from ISXPay, in which the Card Scheme accepts the Merchant for 3DSecure transactions. c) The Merchant remains within the limits of 3DSecure, as determined by the Card Scheme. If the maximum amounts for disputes determined for 3DSecure are exceeded, then the 3DSecure coverage offered by the Card Scheme will be suspended, possibly retro-actively and without such suspension being motivated. ISXPay shall communicate the applicable maximum amounts at the Merchant's simple request. d) The Merchant has activated 3DSecure in his Processing software. e) The transaction type is eligible for 3DSecure. 3DSecure can only be used for situations where the Cardholder explicitly intervenes in the transaction process in or- der to securely transfer the data associated with him (e.g., the temporary code generated by the Card reader, a password, a code received by SMS, etc.) to the Card issuer. This requirement prevents 3DSecure from being used for transactions by phone, fax or letter; neither can 3DSecure be used for recurring transactions (e.g., a periodically repeated payment, where the Merchant deliberately avoids the Cardholder's intervention to in- crease user convenience). f) The Card used for the transaction is technically eligible for 3DSecure, because it is an "EMV" type that includes a chip.
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Related to Processing Software & 3DSecure

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