Reports About Merchant. From time to time, Bank may obtain credit and other information on Merchant, owners and officers of Merchant, and any and all personal guarantors of Merchant, from others (such as customers and suppliers of Merchant, lenders and credit reporting agencies), and furnish information on Merchant’s relationship with Bank and Bank’s experience with Merchant to others seeking the information.
Reports About Merchant. From time to time, Processor may obtain credit and other information on Merchant, owners and officers of Merchant, any and all personal guarantors of Merchant, and any signatory to the Merchant Application, from others (such as customers and suppliers of Merchant, lenders and credit reporting agencies), and furnish information on Merchant’s relationship with Processor and Processor’s experience with Merchant to others seeking the information.
Reports About Merchant. From time to time, Provider may obtain credit and other information on Merchant, Principals, owners of Merchant, and officers of Merchant, from Merchant or others (such as customers and suppliers of Merchant, lenders, and credit reporting agencies), and may furnish information on Merchant’s relationship with Provider and Provider’s experience with Merchant to others seeking the information. Merchant authorizes all parties contacted by Provider to release the credit or other information requested by Provider, and Merchant agrees to provide a separate authorization for release of credit information, if requested by Provider.
Reports About Merchant. From time to time, Processor may obtain credit and other information on Merchant, owners and officers of Merchant, any and all personal guarantors of Merchant, and any signatory to the Merchant Application, from others (such as customers and suppliers of Merchant, lenders and credit reporting agencies), and furnish information on Merchant’s relationship with Processor and Processor’s experience with Merchant to others seeking the information. In connection with Xxxxxxxx’s application for merchant processing services, the individual signing the Merchant Application on behalf of Merchant and/or as a Guarantor authorizes Processor to obtain consumer reports and related information about such individual from one or more consumer reporting agencies. Such individual understands that obtaining a consumer report about the individual may affect their credit score with one or more consumer reporting agencies. Pursuant to this authorization, the individual consents to Processor obtaining consumer reports about the individual during the processing and review of the Merchant Application and if the Merchant Application is approved, at various times during the term of the Merchant Agreement for any lawful purpose, including but not limited to: (i) underwriting and verifying information in the Merchant Application, (ii) authenticating the individual’s identity, (iii) assisting with internal modeling and analysis, (iv) maintenance, update, renewal, or extension of the merchant processing services; and (v) mitigating fraud, unauthorized transactions, and other illegal activities. The individual further authorizes Processor to contact third parties to verify any information in the application and the individual authorizes the release from such third parties of any records necessary to verify information about the individual. In connection with the purposes above, the individual authorizes Processor to share all or parts of the individual’s consumer reports and any other information gathered pursuant to this authorization with agents, partners, counterparties, affiliates, or any successor-in-interest. The Individual acknowledges and agrees that the individual has had an opportunity to review a summary of their rights under the Fair Credit Reporting Act, available here: xxxxx://xxxxx.xxxxxxxxxxxxxxx.xxx/f/201504_cfpb_summary_your-rights-under- fcra.pdf
