Transaction Risk Fees Sample Clauses

Transaction Risk Fees. We assess Transaction Risk Fees on certain transactions that we determine carry a higher degree of risk. These higher-risk transactions may increase our operational, monitoring, and/or compliance obligations and costs. Factors that influence whether a transaction will be subject to a Transaction Risk Fee include whether it: (a) was key entered (i.e., the encoded card information was not read by a point of sale device); (b) was voice- authorized; (c) was not authorized; (d) was not transmitted to us for processing within 24 hours;

Transaction Risk Fees. We assess Transaction Risk Fees on certain transactions that we determine carry a higher degree of risk. These higher-risk transactions may increase our operational, monitoring, and/or compliance obligations and costs. Factors that influence whether a transaction will be subject to a Transaction Risk Fee include whether it: (a) was key entered (i.e., the encoded card information was not read by a point of sale device); (b) was voice-authorized; (c) was not authorized; (d) was not transmitted to us for processing within 24 hours; (e) was a Consumer or Commercial Reward transaction, a Visa Signature transaction, or a MasterCard World Elite Card transaction; (f) was deemed a “Non-Qualifying” transaction by the Operating Regulations and/or us (e.g., certain foreign transactions or transactions from business, commercial, purchasing, or government Cards); (g) was difficult to capture; (h) was difficult to authorize; (i) was submitted incorrectly; and/or (j) was not eligible for the lowest interchange fee for any other reason. Additionally, your Card transactions may be subject to Transaction Risk Fees in instances where (1) your activities are outside the scope of or different from what was designated under your merchant category code or in the initial setup criteria used to establish the MID(s) associated with your account (e.g., your average ticket amount differs from what we used to calculate the Transaction Fee and/or Discount Rate, etc.); and/or (2) your terminal, software, or communications lines fail to function properly. The factors in this paragraph are not exhaustive and may change from time to time. The Associations require that information from the original authorization, including a lifecycle identifier, be retained and returned with subsequent authorizations and/or the settled transaction data; the Associations validate this information as part of the clearing and settlement process. If authorization data is not retained and returned at settlement, then the transaction will not clear as priced and will incur Transaction Risk fees.

Transaction Risk Fees. We assess Transaction Risk Fees on certain transactions that we determine carry a higher degree of risk. These higher-risk transactions may increase our operational, monitoring, and/or compliance obligations and costs. Factors that influence whether a transaction will be subject to a Transaction Risk Fee include whether it: