Common use of Retention of Transaction Records for Retrievals and Chargebacks Clause in Contracts

Retention of Transaction Records for Retrievals and Chargebacks. (a) Merchant shall retain in a secure place legible copies of all transaction records and receipts, invoices, receipts or equivalent documents relating to each transaction. For the purpose of compliance with the Card Organization Rules in relation to Chargebacks, all the above mentioned documents must be kept in a safe, secure and confidential manner for eighteen (18) months from the date of the relevant transaction (or, if applicable, in the case of recurring transactions, eighteen (18) months from the date of the last transaction forming part of the recurring transaction).

Retention of Transaction Records for Retrievals and Chargebacks. (a) Merchant shall retain in a secure place legible copies of all transaction Transaction records and receipts, invoices, receipts or equivalent documents relating to each transactionTransaction. For the purpose of compliance with the Card Organization Rules in relation to Chargebacks, all the above above- mentioned documents must be kept in a safe, secure and confidential manner for eighteen (18) months from the date of the relevant transaction (or, if applicable, in the case of recurring transactionsRecurring Transactions, eighteen (18) months from the date of the last transaction forming part of the recurring transaction).eighteen

Retention of Transaction Records for Retrievals and Chargebacks. (a) Merchant shall retain in a secure place legible copies of all transaction records and receipts, invoices, receipts or equivalent documents relating to each transactionTransaction. For the purpose of compliance with the Card Organization Rules in relation to Chargebacks, all the above above- mentioned documents must be kept in a safe, secure and confidential manner for eighteen (18) months from the date of the relevant transaction (or, if applicable, in the case of recurring transactionsRecurring Transactions, eighteen (18) months from the date of the last transaction forming part of the recurring transaction).eighteen