Payment Brands definition

Payment Brands means the PCI Security Standards Council, LLC, American Express, Visa, U.S.A., Inc., MasterCard International, Inc., Discover Financial Services, LLC, and any other credit card, debit card, or other payment network.
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Payment Brands means Visa U.S.A., Inc., MasterCard International, Inc., American Express Travel Related Services Company, Inc., DFS Services LLC (the owner of Discover) and their Affiliates, or any other payment networks offered by T1 Payments and accepted by Merchant.
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Payment Brands means Visa, MasterCard, Amex, JCB, Discover and others having proprietary rights to processing, clearing and oversight responsibilities with respect to any payment instrument licensed by these entities for payment-related transactions.
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Examples of Payment Brands in a sentence

  • Recipients of such associated personal data may include T1 Payments, the applicable bank, T1 Payments’ third party processors, the Payment Brands, and/or each of their agents and employees, and such other persons as it may be reasonably necessary to disclose and transfer personal data to (for example credit reference agencies, fraud monitoring agencies, central banks), and any other persons as otherwise required or permitted by applicable law and/or regulations.

  • Such liquidated damages are in addition to and separate from any Penalties that may be assessed by the Payment Brands, applicable bank or third party processors related to violation of this Section and any other Service Fees including Chargeback fees.

  • T1 Payments will cancel and Refund any suspicious transaction that cannot be verified as valid to T1 Payments’ satisfaction, and may Refund any transaction reported by the Payment Brands or the banks in order to avoid Chargebacks.

  • In order to prevent the occurrence of fraudulent transactions, T1 Payments may impose reasonable limits on the amount or number of purchases that may be charged to an individual Cardholder account during any time period, or refuse to accept orders from Cardholders with a prior history of Chargebacks, fraudulent transactions or other activity that is prohibited by banks or the Payment Brands, or other questionable charges as determined in T1 Payments’ sole and absolute discretion.

  • Merchant shall be responsible for paying any and all Penalties assessed by the Payment Brands a n d a p p l i c a b l e b a n k against T1 Payments related to Merchant’s activities or the processing of Merchant’s Card transactions, plus 20% of such Penalties as an administrative fee in communicating with the Payment Brands and managing the delivery of documents and other information related to the Merchant as may be requested by the Payment Brands.

  • Merchant will pay any and all Penalties assessed against T1 Payments, the applicable bank and T1 Payments’ third party processors by the Payment Brands in connection with Merchant or Merchant’s activities.

  • Merchant shall comply with all applicable Payment Card Industry Data Security Standards (PCI-DSS) and Payment Application Data Security Standards (PA-DSS), the Visa Cardholder Information Security Program, the MasterCard Site Data Protection Program, and any other program or requirement that may by mandated by the Payment Brands at all times.

  • Chase Paymentech will not be liable for any delays in receipt of funds or errors in Settlement Account entries caused by third parties, including, without limitation, delays or errors by the Payment Brands or Merchant’s bank.

  • Promptly after Chase Paymentech receives funds for Settled Transactions from the Payment Brands, Chase Paymentech will provisionally fund Merchant’s Settlement Account.

  • If Merchantviolates the Monthly CB Threshold in a given month, Merchant shall be subject to liquidated damages calculated at the rate of US$100 per Chargeback and/or Retrieval accrued by Merchant during the applicable month, which shall be in addition to any Penalties assessed by the Payment Brands or applicable bank and any other Service Fees including Chargeback fees.

Related to Payment Brands

  • payment system means a funds transfer system with formal and standardised arrangements and common rules for the processing, clearing and/or settlement of payment transactions;

  • payment service provider means a person whose business includes the provision of transfer of funds services;

  • Account Manager means a Person that acts as an agent and attorney-in- fact to buy or sell Swaps via the SEF operated by BSEF in the name and on behalf of another Person. An Account Manager may also be a Participant.

  • Grenfell Tower support payment means a payment made to a person because that person was affected by the fire on 14th June 2017 at Grenfell Tower, or a payment to the personal representative of such a person—

  • Payment card means a credit card, charge card, debit card, or any other card that is issued to an authorized card user and that allows the user to obtain, purchase, or receive goods, services, money, or anything else of value from a merchant.

  • Cash Payment System means a payment system that generates any transfer of funds through a transaction originated by cash, check, or similar paper instrument. This includes electronic payments to a financial institution or clearing house that subsequently issues cash, check, or similar paper instrument to the designated payee.

  • Payment Initiation Service Provider or “PISP” means an authorised third party provider which provides a service that allows that third party to pass payment instructions to us on your behalf in relation to your Account.

  • payment service means any business activity set out in Annex I;

  • Payment Business Day means a day on which commercial banks are open for business (including dealings in foreign exchange and foreign currency deposits) in Stockholm and Frankfurt am Main and on which the Clearing System settles payments in the Issue Currency.

  • Payment Recipient The meaning specified in Section 11.10(a).