Examples of Merchant Systems in a sentence
Third Party Vendor agrees to permit Merchant Processor to conduct remote scans of its Merchant Systems.
Processor warrants that the Token returned to you, as a result of using the Data Protection Service, cannot be used to initiate a financial sale transaction by an unauthorized entity/person outside the Merchant Systems.
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.
In addition, upon reasonable prior written notice and as directed by any card organization, Third Party Vendor agrees to permit any person acceptable to that card organization to examine and audit the records, operations and Merchant Systems, if applicable, relevant to such card organization.
IPS warrants that the Token returned to you, as a result of using the Data Protection Service, cannot be used to initiate a financial sale transaction by an unauthorized entity/person outside the Merchant Systems.
In addition, upon reasonable prior written notice and as directed by any card organization, Third Party Vendor agrees to permit any person acceptable to that card organization to {00253700-2} examine and audit the records, operations and Merchant Systems, if applicable, relevant to such card organization.
US Merchant Systems Underwriting Department may recommend that a certain amount is required as an up-front deposit into a reserve account in order to activate the merchant account, and that a percentage of monthly bankcard transaction volume will be deposited into the reserve account, while the percentage deposit of six (6) months previous is released to the merchant, creating a rolling reserve account.
CUSTOMER will be responsible for auditing, balancing, verifying and reconciling any out-of-balance condition within the Merchant Systems, and for notifying SERVICERS of any errors in the foregoing after receipt of the applicable report from SERVICERS.
I authorize US Merchant Systems, LLC to correct any errors on my application.
CUSTOMER must cooperate with the PFI so that it may immediately conduct an examination of Merchant Equipment, Merchant Systems, and CUSTOMER’s and Merchant Providers’ procedures and records and issue a written report of its findings.