MOTO Transaction definition

MOTO Transaction means a Transaction you initiate through a mail order or over the telephone.

MOTO Transaction or “Mail/Phone Order Transaction” means a specific transaction in which the PAN and expiry date on the card of the cardholder are provided with the consent of the cardholder and entered manually by the Merchant or Merchant’s employees (Client) on the POS terminal. Such transactions are allowed and will be processed by us only upon condition that we have provided approval to the Client for such transactions and the Client performs such transactions in compliance with the Rules of the Card Organizations and our rules for such transactions, including our Acceptance Policy and other applicable rules;

MOTO Transaction means a Charge initiated by your Customer through a mail order or over the telephone.

Examples of MOTO Transaction in a sentence

• To the extent that you submit a Transaction as a MOTO Transaction or a Merchant Initiated Transaction, you must (a) determine that the Transaction is eligible to be treated either as a MOTO Transaction or Merchant Initiated Transaction (as applicable); and (b) record the basis on which you made this determination and provide this record to Stripe upon request.

• In addition, when a Card is not present when processing a MOTO Transaction, You agree to keep any evidence of the Cardholder’s request to order the goods or services and instructions to process the Transaction for at least 13 months (e.g. order form, fax advice etc) from the date of the Transaction.

• For MOTO Transactions where you are not required to obtain the Cardholder’s PIN or signature and compare the Cardholder’s signature with that on the Card, you must ensure that each person processing such a MOTO Transaction uses best endeavours to verify the authenticity of the information given to you by the customer.

• Merchant acknowledges and agrees that any MOTO Transaction may result in a Chargeback notwithstanding prior authorization of the underlying transaction.

• If you are in any way suspicious about the MOTO Transaction we recommend that you do not proceed with the Transaction and immediately call 000 0000 with a CODE 10 and our teams will assist you further in reporting the Transaction and placing it on record.

More Definitions of MOTO Transaction

MOTO Transaction means a card transaction involving an order for goods or services received by you by mail, facsimile, telephone or email. nominated account means the account referred to in 10.3 or 10.4 (as applicable). nominated card means a type of card referred to in this agreement which can be authorised and settled by us through BNZ. non-authenticated transaction means a card transaction that has not been authenticated. non-standard card means a type of card which is not a nominated card. notice means a notice, request, consent and any other communication in connection with this agreement.

MOTO Transaction means a Charge initiated by your Customer through a mail order or over the

MOTO Transaction means a Card not Present Transaction effected by mail order, telephone order or e-mail where the Cardholder is unable to authenticate such Transaction in person;

MOTO Transaction means a card transaction involving an order for goods or services received by you by mail, telephone or email.

MOTO Transaction means a debit initiated by your customer through a mail order (Mail Order) or by telephone (Telephone Order).

MOTO Transaction means a Card not Present Transaction done by mail order, telephone order or email where the Cardholder is unable to authenticate the Transaction in person; / POS device means a point of sale device that captures, transmits and electronically authorises Transaction Data; / POS Transaction slip means a voucher which is electronically generated by a POS device; / Receipt means, for purposes of the Agreement, as set out in the Service Terms and includes a POS Transaction Slip and Card not Present Receipt; / SMS means a short message service, which is a communication protocol that allows the interchange of short text messages between mobile phones; / Supervisor PIN means the personal identification number issued to you which can be used to override certain functions of the POS device; / Transaction Type means, for purposes of the Agreement, as set out in the Service Terms and includes a Card not Present Transaction (a MOTO Transaction). General The Service Terms and Application Form are incorporated by reference and unless stated otherwise in this Schedule, these Transaction Type Terms will be subject to those terms and conditions, including the definitions and rules of interpretation contained in them. The termination of any one Card type under a Transaction Type Schedule will not affect the validity of the acceptance of any other Card type provided under such Transaction Type Schedule or any other part of the Agreement. Your Obligations In addition to what is set out in the Service Terms, you must: / Perform all obligations to Cardholders for a Card not Present Xxxx action immediately after any Transaction has been successfully completed (including the dispatch or fulfilment of goods or services that you have agreed to supply); / Not submit the Card not Present Transaction for payment to us until the goods are shipped or the services are performed, unless the Cardholder has agreed to delayed delivery of goods or performance of services and this was properly explained to the Cardholder at the time of the Transaction; / Make sure that all Card not Present Transactions are processed online so that they can be Authorised; / Make sure that a Card not Present Receipt is given or sent to the Cardholder for every Card not Present Transaction (other than for a MOTO Transaction processed through a POS device);

MOTO Transaction means a debit initiated by your customer through a mail order or by telephone order.