American Express Transaction Card definition
Examples of American Express Transaction Card in a sentence
Any and all information about Cardholders (including names, addresses, account numbers and card identification numbers) or American Express Transaction Card transactions is confidential and the sole property of the Issuer, American Express or its Affiliates.
Whenever payment methods are communicated to customers, or when customers ask what payments are accepted, Merchant must indicate Merchant’s acceptance of the American Express Transaction Card and display American Express Marks (including any American Express Transaction Card application forms provided to Merchant) as prominently and in the same manner as any Other Payment Products.
In addition, American Express may use the information obtained in the setup of Merchant’s account to screen and/or monitor Merchant in connection with American Express Transaction Card marketing and administrative purposes.
Upon such conversion, (i) Merchant will be bound by American Express’ then current Card Acceptance Agreement; and (ii) American Express will set pricing and other fees payable by Merchant’s American Express Transaction Card acceptance.
Processor shall settle all American Express Transaction Card transactions processed by Processor hereunder for Merchant in accordance with the Agreement.
Merchant shall not bill or collect from any Cardholder for any purchase or payment made with an American Express Transaction Card unless (i) American Express has exercised Chargeback for such charge, (ii) Merchant has fully paid American Express for such charge, and (iii) Merchant otherwise has the right to do so.
American Express shall have the right, but not the obligation, to enforce the terms of the Agreement against Merchant with respect to American Express Transaction Card transactions and Processor’s Direct Settlement Program for American Express.
Xxxxxxxx’s refund policies for purchases with an American Express Transaction Card must be at least as favorable as Xxxxxxxx’s refund policy for purchases with any other Transaction Card and the refund policy must be disclosed to Cardholders at the time of purchase and in compliance with the Laws.
All payments required to be made to Merchant under this Agreement for American Express Transaction Card transactions shall be made by Processor to the Merchant Account, via electronic funds transfer by ACH (or other electronic means) or by wire transfer, at Processor’s option, as soon as practicable after Processor’s receipt of such funds from American Express.
Merchant’s refund policies for purchases with an American Express Transaction Card must be at least as favorable as Merchant’s refund policy for purchases with any other Transaction Card and the refund policy must be disclosed to Cardholders at the time of purchase and in compliance with Applicable Law.