Common use of Transaction Risk Fees Clause in Contracts

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;

Appears in 5 contracts

Samples: Merchant Processing Agreement Terms and Conditions, www.peoplesunitedms.com, msbgovserv.com

AutoNDA by SimpleDocs

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 Fees 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;

Appears in 1 contract

Samples: empower2.fisglobal.com

AutoNDA by SimpleDocs

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;

Appears in 1 contract

Samples: empower2.fisglobal.com

Time is Money Join Law Insider Premium to draft better contracts faster.