Common use of Retention of Data Clause in Contracts

Retention of Data. Merchant acknowledges and agrees that it shall not retain, store, compile or aggregate the results of verification or authentication inquiries received from FORTE except as required by applicable law or to perform its obligations under this Agreement. APPENDIX E ACCOUNT UPDATER SERVICES 1. Description of Services. Participating Visa/MasterCard Issuers submit their account changes to the Account Updater Database. On a monthly basis, XXXXX will compare all of Xxxxxxxx’s recurring tokenized transactions against the Account Updater Database. XXXXX will then update the tokenized card information on file with updated account information.

Appears in 4 contracts

Samples: Merchant Services Agreement, Merchant Services Agreement, Merchant Services Agreement

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Retention of Data. Merchant acknowledges and agrees that it shall not retain, store, compile or aggregate the results of verification or authentication inquiries received from FORTE except as required by applicable law or to perform its obligations under this Agreement. APPENDIX E ACCOUNT UPDATER SERVICES 1. Description of Services. Participating Visa/MasterCard Issuers submit their account changes to the Account Updater Database. On a monthly basis, XXXXX FORTE will compare all of XxxxxxxxMerchant’s recurring tokenized transactions against the Account Updater Database. XXXXX FORTE will then update the tokenized card information on file with updated account information.

Appears in 3 contracts

Samples: Merchant Services Agreement, Merchant Services Agreement, Merchant Services Agreement

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