Merchant Processor definition

Merchant Processor means a merchant processor with which Company has entered into a credit card authorization agreement and that is acceptable to Bank.

Merchant Processor. “Data Storage Entity”, “Payment Service Provider”, “Internet Payment Service Provider”, or “Payment Facilitator” who acts for or on behalf of Merchant within the meaning of the Operating Rules, and any other person or entity who will store, transmit, process, or otherwise have access to, any Cardholder or card transaction data in connection with Merchant’s performance of Merchant’s obligations under this Agreement.

Merchant Processor means OSU’s payment card processing servicer, which is Banc of America Merchant Services, LLC as of the date hereof; and

Examples of Merchant Processor in a sentence

• Third Party Vendor agrees to comply with (i) the registration process required by Merchant Processor which can involve site inspections, background investigations, provision of financial statements and any other information required by a card organization, and (ii) the periodic and other reporting required by a card organization.

• Upon reasonable advance written notice, Third Party Vendor agrees to permit Merchant Processor (and its designees) to conduct a review of the books, records, operations and Merchant Equipment, if applicable, during normal business hours.

• Third Party Vendor agrees to permit Merchant Processor to conduct remote scans of its Merchant Systems.

• Upon request and reasonable notice, Third Party Vendor agrees to provide Merchant Processor (and its designees) prompt access to its facilities and records during normal business hours for the purposes of performing any inspection and copying books or records pertaining to cardholder data.

• Third Party Vendor agrees to provide reasonable access to Merchant Systems, if applicable, facilities and records during normal business hours for examination purposes to any state or federal agencies with jurisdiction over Merchant Processor or any card organization.

More Definitions of Merchant Processor

Merchant Processor means OSU’s credit card processing servicer;

Merchant Processor means and refer to a bank, financial institution or company that provides Merchant with a Merchant Services’ account for the processing of Merchant's Transactions.

Merchant Processor an entity reasonably acceptable to Lender, that agrees, pursuant to a Merchant Processing Agreement or otherwise, to process the credit card, debit cards, or other sales of Borrowers and direct the Credit Card Sales Percentage to Lender pursuant to a tri-party agreement reasonably acceptable to Lender.

Merchant Processor any entity contracted by Borrower to process credit card sales, debit cards sales or other electronic payment of Borrower.

Merchant Processor means USB or, if the USB Contract is terminated or USB ceases to be a member of MasterCard and/or Visa, the Replacement Merchant Processor appointed with the approval of the Controlling Beneficiary.

Merchant Processor means UT’s credit card processing servicer; and

Merchant Processor means Universal Processing Services of Wisconsin LLC d/b/a Newtek Merchant Solutions (“NMS”) or any replacement thereof if replaced under the provisions set forth pursuant to the terms of Section 2.4 hereof.