Common use of Secure Transactions Clause in Contracts

Secure Transactions. PTC has implemented and will maintain security systems for the transmission of Client’s transactions, consisting of encryption and firewall technologies that are understood in the industry to provide adequate security for the transmission of such information over the internet. PTC does not guarantee the security of the Services or Transaction data, and PTC will not be responsible in the event of any infiltration of it’s security systems, provided that PTC has used commercially responsible efforts to prevent such infiltration. Client further acknowledges and agrees that Client, and not PTC, is responsible for the security of Transaction data or information or any other information stored on Client servers, and that PTC is not responsible for any other party’s servers (other than PTC subcontractors solely to the extent PTC is liable for it’s own actions hereunder).

Appears in 3 contracts

Samples: Gateway Services Agreement, Gateway Services Agreement, Gateway Services Agreement

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Secure Transactions. PTC has implemented and will maintain security systems for the transmission of Client’s transactions's Transactions, consisting of encryption and firewall “firewall” technologies that are understood in the industry to provide adequate security for the transmission of such information over the internetInternet. PTC does not guarantee the security of the Services or Transaction data, and PTC will not be responsible in the event of any infiltration of it’s its security systems, provided that PTC has used commercially responsible reasonable efforts to prevent any such infiltration. Client further acknowledges and agrees that Client, and not PTC, is responsible for the security of Transaction data or information infor-mation or any other information stored on Client Client's servers, and that PTC is not responsible for any other party’s servers (other than subcontractors of PTC subcontractors solely to the extent PTC is liable for it’s its own actions hereunder).

Appears in 1 contract

Samples: Transaction Corp Services Agreement

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