Common use of Submitting Transactions Clause in Contracts

Submitting Transactions. The Company is responsible for: (a) properly transmitting the transaction data (including all transaction detail required by the Networks) to First Data’s systems using the format and specifications provided by First Data (the Company will maintain and update the systems that it uses to accommodate changing Network requirements and industry requirements as specified by First Data); (b) all payment transactions submitted for processing under its merchant identification numbers (MIDs), including, without limitation, all returns, refunds, or chargebacks, whether charged back by Cardholders or Card issuers; (c) preventing its employees and others from submitting returns or refunds that do not reflect valid returns or refunds corresponding to prior transactions; and (d) retaining transaction records according to the timelines required by the Network Rules, Industry Regulations or applicable Laws.

Submitting Transactions. The Company company is responsible for: (a) properly a. Properly transmitting the transaction data (including all transaction detail required by the Networks) to First DataFiserv’s systems using the format and specifications provided by First Data Fiserv (the Company will maintain and update the systems that it uses to accommodate changing Network requirements and industry requirements as specified by First DataFiserv); (b) all b. All payment transactions submitted for processing under its merchant identification numbers (MIDs), including, without limitation, all returns, refunds, refunds or chargebacks, whether charged back by Cardholders or Card issuers; (c) preventing c. Preventing its employees and others from submitting returns or refunds that do not reflect valid returns or refunds corresponding to prior transactions; and (d) retaining d. Retaining transaction records according to the timelines required by the Network Rules, Industry Regulations or applicable Laws.

Submitting Transactions. The Company is responsible for: (a) properly transmitting the transaction data (including all transaction detail required by the Networks) to First DataPSP’s systems using the format and specifications provided by First Data (the PSP. The Company will maintain and update the systems that it uses to accommodate changing Network requirements and industry requirements Industry Regulations as specified by First Data)PSP.; (b) all payment transactions submitted for processing under its merchant identification numbers (MIDs), including, without limitation, all returns, refunds, or chargebacks, whether charged back by Cardholders or Card issuers; (c) preventing its employees and others from submitting returns or refunds that do not reflect valid returns or refunds corresponding to prior transactions; and (d) retaining transaction records according to the timelines required by the Network Rules, Industry Regulations or applicable Laws.

Submitting Transactions. The Company is responsible for: (a) properly Properly transmitting the transaction data (including all transaction detail required by the Networks) to First DataFiserv’s systems using the format and specifications provided by First Data Fiserv (the Company will maintain and update the systems that it uses to accommodate changing Network requirements and industry requirements as specified by First DataFiserv); (b) all All payment transactions submitted for processing under its merchant identification numbers (MIDs), including, without limitation, all returns, refunds, or chargebacks, whether charged back by Cardholders or Card issuers; (c) preventing Preventing its employees and others from submitting returns or refunds that do not reflect valid returns or refunds corresponding to prior transactions; and (d) retaining Retaining transaction records according to the timelines required by the Network Rules, Industry Regulations or applicable Laws.

Submitting Transactions. The Company company is responsible for: (a) properly a. Properly transmitting the transaction data (including all transaction detail required by the Networks) to First DataFiserv’s systems using the format and specifications provided by First Data Fiserv (the Company Merchant will maintain and update the systems that it uses to accommodate changing Network requirements and industry requirements as specified by First DataFiserv); (b) all b. All payment transactions submitted for processing under its merchant identification numbers (MIDs), including, without limitation, all returns, refunds, refunds or chargebacks, whether charged back by Cardholders or Card issuers; (c) preventing c. Preventing its employees and others from submitting returns or refunds that do not reflect valid returns or refunds corresponding to prior transactions; and (d) retaining d. Retaining transaction records according to the timelines required by the Network Rules, Industry Regulations or applicable Laws.

Submitting Transactions. The Company is responsible for: (a1) properly transmitting the transaction data (including all transaction detail required by the Networks) to First Data’s 's systems using the format and specifications provided by First Data (the Company will maintain and update the systems that it uses to accommodate changing Network requirements and industry requirements as specified by First Data); (b2) all payment transactions submitted for processing under its merchant identification numbers (MIDs), including, without limitation, all returns, refunds, or chargebacks, whether charged back by Cardholders or Card issuers; (c3) preventing its employees employees, agents, and others from submitting returns or refunds that do not reflect valid returns or refunds corresponding to prior transactions; and; (d4) retaining transaction records according to the timelines required by the Network Rules, Industry Regulations Rules or applicable Laws; and (5) maintaining transaction fraud and chargeback rates below thresholds established by the Networks.