Settlement of Card Transactions. (a) We will only acquire and settle Transactions for the Card types specified in your Application.
Settlement of Card Transactions. All credits to the Settlement Account, as well as any other payments to you, are provisional and are subject to our final audit and checking. We may debit or credit your Settlement Account for any deficiencies and overages or may deduct such amounts from settlement funds due to you. We may, within our sole discretion, delay your settlement payments for up to seven (7) days, which period will begin after the settlement payments are received by us. In this event, you acknowledge that we will, and you expressly authorize us to, delay your settlement payments for up to seven (7) days. This delay of your settlement funds does not preclude us from exercising our right to establish a reserve/security account or to suspend payments pursuant to Section 17 of this Agreement. The settlement payments will begin to be credited to your Settlement Account, less any monies owed us, on the next business day following expiration of this rolling delay period. This rolling delay of the settlement payments will be ongoing and continue as long as we are providing your processing services. Except as otherwise set forth in this Agreement, if we receive your sales records or other transaction records by the applicable cut off time established by us, we will initiate a transfer of applicable settlement funds received from Visa and MasterCard, less any monies owed us, through the ACH to your Settlement Account once we receive said funds from Visa and MasterCard; this will generally occur by 8:00 P.M. Eastern time on the following banking day after we process the applicable transactions. This Agreement is a contract whereby we are extending financial accommodations to you within the meaning of Section 365(c) of the Bankruptcy Code. We are not liable for any delays in receipt of funds or errors in debit and credit entries caused by unaffiliated third parties including, but not limited to, the Card Organizations, Debit Networks, EBT Networks, a clearing house or your financial institution. To the extent the Automated Clearing House (ACH) settlement process is used by us to effect debits or credits to your Settlement Account for the services elected by you on the Application, you hereby agree to be bound by the terms of the operating rules of the National Automated Clearing House Association, as are in effect from time to time. You hereby authorize us to initiate credit and debit entries and adjustments to your Settlement Account through the ACH settlement process and/or through direct ...
Settlement of Card Transactions. We have the sole right to receive payments on any Transaction record transmitted by you as long as: (a) we have paid you the amount represented by the Transaction record, less the fees, reserves, discounts and other charges permitted by this Agreement; and (b) we have not charged such Transaction record back to you. Except as otherwise provided in this Agreement, and subject to any warranty by you and our right of chargeback, we will accept valid Transaction records from you during the term of this Agreement and pay you the total amount represented by the Transaction records, less all fees, reserves, discounts and other charges. Any payment made by us to you in connection with a Transaction will not become final until the expiration of the chargeback period established by the Card Association rules and regulations. We will pay you for Transactions by making a deposit to your checking account (“Merchant Bank Account”) with us or with any other financial institution of your choice that can accept Automated Clearing House (“ACH”) transfers. We may revoke any prior provisional settlement of a Transaction record by making an immediate withdrawal (through the ACH or otherwise) from your Merchant Bank Account, without prior notice or demand. You waive all notice of default or nonpayment, and you consent to all extensions or compromises given by us, or the Card Associations to any Cardholders
Settlement of Card Transactions. 11.1 ISXPay will only acquire and settle Transactions for Card types specified in your Application and Merchant Agreement.
Settlement of Card Transactions. 11.1 SERVICERS will only be required to settle CUSTOMER's Card transactions for Cards specified in the Schedules. SERVICERS will initiate a transfer of the applicable settlement funds to CUSTOMER after presentment of Transaction Records pursuant to Section 10 by wire transfer, ACH transfer or other agreed upon method of such applicable settlement funds to the Settlement Account. Settlement by wire generally occurs on the following banking day after SERVICERS process the applicable Card transactions.
Settlement of Card Transactions. 1.3 If you have indicated either in your Merchant Application and Agreement or by registering with us at least thirty (30) days in advance that you will limit your acceptance to either only accept Signature Debit Transactions or only accept Credit Card Transactions, then the following terms in this Section 1.3 will apply:
Settlement of Card Transactions. 11.1 Servicers will only be required to settle Your Card transactions for Cards as specified herein. Promptly after presentment of Sales Drafts pursuant to Section 10, above, as applicable, Servicers will initiate a transfer via Automated Clearing House Credit of the applicable settlement funds to You. When Servicers receive payment of settlement funds through automated clearing house credit, Servicers will initiate a transfer of such applicable settlement funds through ACH to Your Settlement Account. Settlement by automated clearing house credit will take place according to the schedule indicated in Exhibit A, Section 4.1a.
Settlement of Card Transactions. 11.1 Servicers will only be required to settle Your Card transactions for Cards as specified herein provided that Servicers receive your Card transaction information in the format required by Servicers. Promptly after presentment of Sales Drafts pursuant to Section 10, above, as applicable, Servicers will initiate a transfer via Automated Clearing House Credit of the applicable settlement funds to You. When Servicers receive payment of settlement funds through automated clearing house credit, Servicers will initiate a transfer of such applicable settlement funds through ACH to Your Settlement Account. Settlement by automated clearing house credit will take place according to the schedule indicated in Exhibit A, Section 4.a.2.
Settlement of Card Transactions. (a) First Data will only acquire and settle Transactions for Card types specified in your Application.
Settlement of Card Transactions. 5.1 Subject to your compliance with Association Rules and this Merchant Application and Agreement, Bank will settle the Card Transactions for Cards specified in your Merchant Application and Agreement and will initiate a transfer of applicable funds to you. Such funds shall be subject to our withholding, set-off, security and reserve rights. All settlements for Discover, MasterCard, Visa and American Express Card Transactions will be net of creditslrefunds, adjustments, applicable Discount Rates when due, Chargebacks and any other amounts then due from you. All payments to you are provisional and are subject to, among other things, Chargebacks, fees and fines imposed by the Associations. We will not be liable for any delays in receipt of funds or errors in debit and credit entries caused by third parties, including, but not limited to, any Association or your financial institution.
