Examples of Card Associations in a sentence
Upon termination of the Merchant Agreement by Merchant or Bank, Bank may retain sufficient funds to satisfy any and all Processing Fees, Chargebacks, Credit Transaction Receipts, Damages, and any and all additional fees, and sums sufficient to reimburse Bank for the amount of any fines, penalty amounts and charges due the Card Associations or other obligations or liabilities arising under the terms of the Merchant Agreement.
Merchant authorizes Bank to release and use information collected in connection with Bank’s provision of services to the Merchant contemplated in the Merchant Agreement, to third parties that provide services to Bank or Merchant or to any third party that requests and has a reason to know such information, including but not limited to the Card Associations, and any third party having regulatory control over the parties.
Xxxxxxxx agrees and shall ensure that Merchant Servicers and Agents utilized by Merchant provide the same levels of security as those required of Merchant, and that such Merchant Servicers and Agents transmit data in accordance with: (a) the required format(s) of the Card Associations; (b) the Operating Rules; and (c) the requirements of Bank.