Merchant Settlement Services definition
Merchant Settlement Services means providing for payment to businesses of charges created by the holders of credit cards by VISA or MASTERCARD and all related services.
Merchant Settlement Services means the providing for payment to business of charges created by the holders of credit cards issued by VISA or MasterCard and all related services. b) "Person" means any individual, firm, company, corporation or other entity of any kind, which may engage in business in any part of the world other than SKNANB and DATABANK. c) "Basis Point" means one hundredth (1/100th) of one (1) percent, d) "Visa" means visa international incorporated. e) "MasterCard" means MasterCard International Inc. 1 <PAGE> AGREEMENT