Merchant Refund definition

Merchant Refund means a refund by a Merchant through the System to a Cardholder of all or some of the money received by that Merchant from that Cardholder for payment of goods or services which has previously been effected by virtue of a Valid Transaction.
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Merchant Refund means a refund by a Merchant through the System to a Cardholder of all or some of the money received by that Merchant from that Cardholder for payment of goods or services which has previously been effected by virtue of a Valid Transaction. mPOS means mobile payment application within a mobile device (smartphone, tablet, PDA’s) that connects to a Terminal via the audio/USB port or Bluetooth, as offered by Bank to the Merchant in conjunction with a Merchant Account.
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Examples of Merchant Refund in a sentence

  • Merchant should select Refund transaction type and use their Merchant Refund Card.

  • EFTPOS terminal returns to idle screen ready for next transactionREFUNDMerchants are enabled for refund transactions and provided a Merchant Refund Card by their merchant bank.

  • That work involves sophisticated techniques of monitoring and investigation, and it requires officers constantly to make judgments about the prioritisation of resources.

  • Please note:It is important that each Merchant takes responsibility for storing and securing their Merchant Refund Card.It is important that refunds are processed against the same Merchant who processed the original purchase.

  • This transaction transfers funds from the merchant’s account to the cardholder’s account.To perform a REFUND transaction, follow the steps below:NOTE: The merchant requires a Merchant Refund Card to perform a refund transaction.

  • EFTPOS terminal returns to idle screen ready for next transaction TRANSACTIONS OVERVIEW RefundMerchants are enabled for refund transactions and provided a Merchant Refund Card by their merchant bank.

  • There is a reasonable certainty that no harm will result from aggregate exposure to the U.S. population, including infants and children, to residues of the Trichoderma gamsii strain ICC 080 in or on all food and feed commodities.

Related to Merchant Refund

  • Merchant Account means the merchant account facility agreed between you and the Merchant Acquiring Bank.

  • Cardholder means an individual, company, firm or other body to whom a Card has been issued at any time and who is authorised to use that Card;

  • Merchant means a company, firm or other organisation accepting either all Cards as a means of payment for goods and/or services or at least one type of Card for business to business transactions.

  • Cardholder Data has the meaning defined by the PCI Security Standards Council, Payment Card Industry (PCI) Data Security Standard (DSS) and Payment Application Data Security Standard (PA-DSS), Glossary of Terms, Abbreviations, and Acronyms, Version 3.0, January 2014, currently available online at: xxxxx://xxx.xxxxxxxxxxxxxxxxxxxx.xxx/documents/PCI_DSS_Glossary_v3.pdf. For the term of this Contract, Contractor will maintain a provisional Authority to Operate (ATO) at the Moderate Level from the Federal Risk and Authorization Management Program (FedRAMP) Joint Authorization Board (JAB) or Federal Agency for any and all Cloud Services provided under this Contract. For the term of this Contract, Contractor will maintain an ISO 27001 Certification for any and all Cloud Services provided under this Contract.

  • Customer Account Information means personally identifiable information including Personal Data and Consumption Data. Customer Account Information also includes information received by the Company from the customer for purposes of participating in regulated utility programs, including, but not limited to bill pay assistance, shutoff protection, renewable energy, demand-side management, load management, or energy efficiency.

  • Account Information means any information relating to the Account including without limitation to the Account number, Account balance or value, gross receipts, withdrawals and payments to or from the Account.

  • ACH means automated clearing house transfers.

  • Information processing system means an electronic system for creating, generating, sending, receiving, storing, displaying, or processing information.

  • Public School Student Accessing Courses at a Distance means a student who is scheduled for a full course load through the District and attends all classes virtually.