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.