Common use of Retrieval Requests Clause in Contracts

Retrieval Requests. If Merchant deposits Transactions with Bank through magnetic tape, electronic transmission, or electronic data capture terminal, upon the request of a Card Association or Bank, Merchant shall respond to all Retrieval Requests within the time frames specified in the applicable Operating Rules. If Merchant does not respond or responds late to a Retrieval Request, Merchant may be without recourse as Chargebacks for “non receipt of requested item” in most cases, cannot be reversed. Bank is not obligated to provide provisional credit to Merchant for any Retrieval Request and may suspend or discontinue any provisional credit in its sole and absolute discretion.

Retrieval Requests. If Merchant deposits Transactions with Bank Processor through magnetic tape, electronic transmission, or electronic data capture terminal, upon the request of a Card Association Association, Processor or Member Bank, Merchant shall respond to all Retrieval Requests within the time frames specified in the applicable Operating Rules. If Merchant does not respond or responds late to a Retrieval Request, Merchant may be without recourse as Chargebacks for “non receipt of requested item” in most cases, cannot be reversed. Member Bank is and Processor are not obligated to provide provisional credit to Merchant for any Retrieval Request and may suspend or discontinue any provisional credit in its their sole and absolute discretion.