Examples of Card Brands in a sentence
The operating regulations for each of the major Card Brands can be accessed at the links below: ▪ VISA: xxx.xxxx.xxx/merchants/operations/op_regulations.html ▪ Mastercard: xxxxx://xxx.xxxxxxxxxx.xx/en-us/business/overview/support/rules.html ▪ American Express: xxx.xxxxxxxxxxxxxxx.xxx\merchantopguide ▪ Discover: xxxxx://xxx.xxxxxxxxxxxxxxx.xxx/en-us/faq ▪ For transactions involving ACH, a copy of the NACHA operating rules and guidelines are available at xxx.xxxxxxxxxxxxxx.xxx.
Notwithstanding the foregoing, Bank may, in its sole discretion, effect a credit to the Operating Account in connection with any Transaction prior to the point in time Bank receives payment in connection therewith from or through the Card Brands.
Without limiting the generality of the foregoing or any other provision of this Agreement, Merchant understands that it and all of its employees, agents, representatives and service providers must comply with the Rules, including without limitation, those relating to Cardholder information security issues, non-disclosure of Cardholder information and Transaction documents, retention and storage of Cardholder and Transaction information and other security procedures adopted by the Card Brands.
By designating us as your agent for payment facilitation services, and remaining in compliance with the terms of the Agreement (including payment of all of our Fees), you will receive the right to accept payments from customers, clients and/or members (collectively, “End Users”) through validly issued bankcards (“cards”) associated with the Card Brands, and/or, if approved, through automated clearing house transactions (“ACH”) regulated by the National Automated Clearing House Association (“NACHA”).
Nothing in this Sub-Merchant Agreement shall be read or construed to interfere with or lessen the right of the Processor, the bank(s), or the Card Brands to terminate this Sub-Merchant Agreement; and, if this occurs, such termination shall not be considered a material breach of the Agreement by us.