Payment Card definition

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.

Payment Card means a credit card, charge card, debit

Payment Card means a credit card or a debit card.

Examples of Payment Card in a sentence

• Buyer shall not be required to credit the Bank Account for amounts withdrawn related to Payment Card transactions which are subsequently reversed for any reason.

• In the event that Seller is unable to procure Processor’s compliance in a timely manner or as otherwise required under this section, within two (2) business days’ written notice from Buyer to Seller of the same, Seller shall, at its sole expense, terminate its relationship with Processor and exclusively engage the services of an alternative processor that Buyer approves in writing, which Payment Card processor shall thereafter be referred to and included within the meaning of “Processor” herein.

• Buyer does not have any power or authority or control over Processor’s actions with respect to the processing of Seller’s Payment Card transactions.

• Seller shall deposit all Future Receipts into the Bank Account and shall not close or change the Bank Account or change the Processor through which the major Payment Cards are settled to another processor, cease or change its payment instruction or other arrangements with Processor or to permit any event to occur that could cause a diversion of any of Seller’s Payment Card transactions to another processor without Buyer’s prior written consent.

• Before 5:00 P.M. EST of the day following each day that Seller conducts business, Seller shall cause Processor or Processor’s agent to deliver to Buyer, in a format acceptable to Buyer, a record from Processor reflecting the total gross dollar amount of the preceding day’s debit and Payment Card transactions processed by Seller, irrespective of whether such amount consists of sales, taxes or other amounts collected by Seller from its customers (hereafter “Daily Batch Amount”).

More Definitions of Payment Card

Payment Card means any card, coupon book, or other device, including a code or any other means of access to an account, that may be used from time to time to obtain money or to make payment, and includes a debit, credit and stored-value card;

Payment Card means a category of payment instrument that enables the payer to initiate a debit or credit card transaction;

Payment Card means a credit card, charge card, debit card, stored value card or any card

Payment Card means a credit card, debit card, check card, or other card that is issued to an authorized user to purchase or obtain goods, services, money, or any other thing of value.

Payment Card means a device enabling its holder to make payments for goods and services either through an accepting device for payment cards or remotely, and/or to withdraw cash and/or use other services at an ATM or another self-service device and to transfer funds and which enables payment transaction initiation and its execution within a card payment scheme;

Payment Card means a record issued by the authority or a related party if the following apply:

Payment Card means a credit card, charge card, debit card, hotel key card or stored value card or any other card that is issued to an authorized payment card user that allows the user to obtain, purchase or receive goods, services, money or anything else of value.[PL 2005, c. 72, §1 (NEW).]