Transaction Processing Services. Company collects and relays payment information generated in connection with payment transactions to process the transactions on behalf of Customer using the appropriate networks. Company, through Company Payment Services or a third- party provider, will establish a credit card or EFT transaction gateway to the designated merchant account to provide payment processing services to Customer. Customer acknowledges and agrees that Company or the third-party provider, as applicable, shall have the right to terminate services upon (i) request of Customer’s payment processor or financial institution with which Customer has a merchant account or bank account; (ii) a good faith belief that providing services to Customer will violate a law, regulation or rule of any governmental authority; or (iii) if Customer violates any applicable law or regulation, or if as a result of Customer’s use of the transaction gateway service, the provider or Company becomes the subject of an investigation by a law enforcement agency or are otherwise threatened with suit or prosecution. Customer acknowledges and agrees that its use of transaction processing services under this Agreement shall be subject to additional terms and conditions, including, without limitation, the terms and conditions of the merchant processing agreements entered into by Customer related to this Agreement. Customer shall maintain valid merchant processing agreements, including for Company Payment Services if selected in the Order Form, with providers approved by Company during the Term of this Agreement. Customer acknowledges that Company is subject to certain requirements imposed by its service providers, and such service providers may modify such requirements. In the event of any such modification, Company may modify the terms of this Agreement, provided that Customer (within ten (10) days of receiving notice of the modification) may elect, as its sole and exclusive remedy for such modification, to terminate the payment processing services provided under this Agreement with thirty (30) days’ notice, but only if the modification materially and adversely affects Customer and Company is unable to rectify such situation, including by reverting to previously acceptable terms. The foregoing does not grant Customer any rights of termination with respect to any third-party agreements which may be entered into by Customer.
Transaction Processing Services. Company collects and relays payment information generated in connection with payment transactions to process the transactions on behalf of Customer using the appropriate networks. Company, through Company Payment Services or a third- party provider, will establish a credit card or EFT transaction gateway to the designated merchant account to provide payment processing services to Customer. Customer acknowledges and agrees that Company or the third- party provider, as applicable, shall have the right to terminate services upon (i) request of Customer’s payment processor or financial institution with which Customer has a merchant account or bank account;
Transaction Processing Services. Upon registration of the Pharmacy and against payment of the registration fee as per clause 3.1, MediKredit will provide the Transaction Processing Services to the Pharmacy as set out in this C2 Agreement. MediKredit will be entitled to amend, upgrade and make modifications to the Transaction Processing Services, or introduce new services upon 2 (two) weeks’ prior written notice to the Pharmacy.
Transaction Processing Services. CSI collects and relays payment information generated in connection with payment transactions to process the transactions on behalf of Customer using the appropriate
Transaction Processing Services. Except as otherwise delegated to Marketer in this Agreement or mutually agreed upon by the Parties, CBKC will be responsible for entering into a Bank Processing Agreement with a Processor and other agreements with one or more third party service providers to provide the Transaction Processing Services necessary to operate the Programs. The costs of all Transaction Processing Services shall be considered a Program Cost.
Transaction Processing Services. FDMS shall provide all personnel and all processing equipment and programs, in each case necessary to:
1. log, balance and process all transaction card tickets submitted by Merchants, including all transaction card tickets submitted by paper, electronic data transmission and computer tape;
2. enter into, settle and reconcile transaction cards and cash advance transactions for Merchants with respect to the Interchange System of transaction cards and Card Associations, including processing of returned transactions through Visa BIN and MasterCard ICA numbers;
3. process and clear all daily Merchant rejects to include, but not limited to: invalid merchant number, merchant not on file, merchant account closed, invalid cardholder number, invalid BIN, invalid card types, invalid authorization date, invalid merchant indicator, and interchange rejects;
4. process and clear all daily and monthly Merchant ACH returns, and any monthly Merchant payment returns;
5. calculate and appropriate funding amounts to be processed, fee amounts to be billed and to prepare appropriate notifications in machine readable format for transmission to Customer for Merchants or other electronic funds transfer networks in accordance with the terms of each Merchant Agreement;
6. prepare and mail fee and transaction activity reports and statements to Merchants;
7. deliver to Customer all normal Customer and Merchant level reporting to include, but not limited to: daily and monthly clearing, settlement, reconciliation reporting; transaction activity, profitability, and productivity reports, risk reports, and reserve account reports 8. submit to Customer, data necessary for the preparation of appropriate Card Association reports for the transmission and payment of all Card Association fees and assessments;
Transaction Processing Services. For a period of not less than ninety (90) days following the Closing, unless earlier terminated by Purchaser, Holdings agrees to use its employees to provide transaction processing services to Purchaser in a manner consistent with the provision of such services by such employees to Seller in the conduct of the Business prior to the Closing. In consideration for such services, Purchaser hereby agrees to pay to Holdings a transaction fee in an amount equal to six dollars ($6.00)] per transaction. Purchaser may terminate the receipt of such services at any time by delivery of written notice to Holdings, and at any time after ninety (90) days following the Closing, Holdings may terminate the provision of such services by delivery of written notice to Purchaser.
Transaction Processing Services. In the pricing schedules below a trade is defined as a cleared transaction that creates an independent instruction detail. For example, a buy write with one line of equity execution detail and one line of option execution detail will result in the clearing charge of one equity transaction and one option transaction. An order with multiple partial executions and average priced into one execution detail will be considered one billed trade; however, multiple orders rolled into one trade will be billed once for each original order. In the event that Correspondent acquires a third party book of business that is currently cleared through Apex, as determined in Apex’s sole determination, Correspondent’s standard transaction processing fees may be increased with respect to such third party book of business. Correspondent shall execute equities and options only through Apex using Apex’s execution gateway, where possible. In the event Apex allows Correspondent to execute equities away from Apex, or in the event that Apex is otherwise unable to collect sufficient revenue from execution, Apex shall be entitled to adjust Transaction Processing Services fees in its sole discretion.
Transaction Processing Services. Intuit will make available to Lender transaction processing services for collection of customer credit card or similar payment information, and the implementation of other payment procedures, to facilitate the application for and sale of Lender Products.
Transaction Processing Services
