Reports and Settlement Clause Samples
Reports and Settlement. ▇▇▇▇▇▇▇▇ agrees to take all steps necessary to settle with Processor for EBT Program transactions involving Merchant's terminals in accordance with Processor's standards and Documentation; and Merchant shall be responsible for making any necessary reconciliation or adjustments in accordance with the Documentation. Processor will provide Merchant standard Processor reports for the services provided to Merchant. Merchant shall always maintain an open checking account at a financial institution which Processor or its agent can access through the Federal Reserve's Automated Clearing House ("ACH") system. Merchant authorizes Processor and its agents to debit and/or credit the account to settle any and all amounts due under the Agreement and any Addenda including, but not limited to, processing fees and transaction settlement. Unless otherwise agreed to in writing by Processor, Merchant shall be treated as one settlement endpoint with respect to all transactions processed by Processor using Acquirer Services. Merchant shall always maintain the account with sufficient cleared funds to meet its obligations under this Agreement. In the event Merchant desires to change the account or the financial institution where the account is located, Merchant shall give Processor at least 30 days prior written notice of any such change.
Reports and Settlement. 1. Parking activity shall be reported separately from toll activities to the Home in separate files, in accordance with the IAG-N currently in use at the time of reporting.
2. Settlement reports are generated for each Host/Facility Operator.
3. The Home will transfer to the Host funds collected for E-ZPass Plus transactions net of credit card and transaction fees.
4. The Home will provide reconciliation files in accordance with the IAG-N currently in use at the time of reporting. The supporting reports will reflect fees, chargebacks or unpaid transactions charged by the Home against revenue transferred to the Host.
5. All E-ZPass Plus transactions charged and adjustments made to the customer’s E-ZPass account will be reflected on the customer statement. Information will include, where applicable, entry and exit time/date; entry and exit location, time & date of transaction; amount, payment allocation source (credit card or pre-paid balance) and adjustments. The statement shall clearly indicate when charges are made directly to the credit card and do not impact the pre-paid toll account.
Reports and Settlement. For purposes of this Section, the VTC agrees to comply with all of the terms and conditions of the VTC Handbook, specifically as it relates to reporting and settlement requirements.
Reports and Settlement. Parking activity shall be reported separately from toll activities to the Home in separate files, in accordance with the IAG-N currently in use at the time of reporting.
Reports and Settlement. Parking activity shall be reported separately from toll activities to the Home in separate files, in accordance with the IAG-N currently in use at the time of reporting.