Common use of Re-presentments Clause in Contracts

Re-presentments. Following charge back procedures, Servicer shall review and make a commercially reasonable decision with respect to any transaction that is represented by a merchant in an effort to recover funds charged back from the Bank. Servicer shall provide Bank activity reports that detail all signature based re-presentments submitted, the dispositioning of each such re-presentment and, for cases where re-presentment was allowed, the reason for such allowed re-presentment. These reports shall be provided to Bank on each day for which signature based re-presentment activity occurs. Servicer shall provide Bank daily status reports of all signature based activity if and when requested by Bank.

Appears in 2 contracts

Samples: Program Services Agreement (Green Dot Corp), Program Services Agreement (Green Dot Corp)

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Re-presentments. Following charge back procedures, Servicer shall review and make a commercially reasonable decision with respect to any transaction Transaction that is represented re-presented by a merchant in an effort to recover funds charged back from the Bank. Servicer shall provide Bank activity reports that detail all signature based re-presentments submitted, the dispositioning of each such re-presentment and, for cases where re-presentment was allowed, the reason for such allowed re-presentment. These reports shall be provided to Bank on each day for which signature based re-presentment activity occurs. Servicer shall provide Bank daily status reports of all signature based and PIN based re- presentment activity if and when requested by Bank.

Appears in 2 contracts

Samples: Program Services Agreement (Green Dot Corp), Program Services Agreement (Green Dot Corp)

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