Payment Devices definition

Payment Devices mean various devices in the payment space traditionally used by Payment Applications including, but not limited to, magnetic card swipes, PINned debit devices, EMV devices, P2PE devices, electronic signature capture devices, check readers, mobile payment entry devices, receipt printers, and pole mounted displays.

Examples of Payment Devices in a sentence

• Merchant shall determine in accordance with the Payment Network Regulations and the Agreement which types of Payment Devices it will agree to accept as a form of payment from its Customers.

• PNP shall provide the Services to Client and its Customers via the specific Modules and Payment Devices chosen by Client in the Client Application.

• Please note that all PRESTO transactions on UP Express Fare Payment Devices are closed and processed after 60 minutes of the guest’s initial tap ON when entering the UP Express system.

• Elavon will decrypt full primary account numbers (“PANs”) properly encrypted by Company using Elavon-provided encryption software, Elavon-approved POS Devices and other similar hardware used by Company to accept Payment Devices (“Hardware”), and Elavon-injected encryption keys, all in accordance with the terms and conditions of this Schedule D and the Agreement (such services, the “Encryption Services”).

• Company must accept PIN-less Bill Payment Transactions on terms no less favorable than the terms under which Company accepts other Payment Devices.

• The amount of the Charge that you refund to Cardholders for purchases or payments made on American Express Payment Devices.

• Merchant further agrees to comply with all Laws, including without limitation, Laws related to: (i) Payment Devices; (ii) electronic funds transfers; (iii) confidential treatment of information; and (iv) the Fair and Accurate Credit Transactions Act of 2003 (FACTA), including its requirements relating to the content of Transaction Receipts provided to Customers.

• Merchant may accept American Express Payment Devices for the down payment or the entire purchase price of a new or used motor vehicle, subject to the following limitations: • Merchant must not submit a Charge for the down payment or entire purchase price of a motor vehicle unless and until Merchant has a written agreement/bill of sale signed by the Cardholder setting forth the terms of the sale, including down payment price (if any), purchase price, and Merchant’s cancellation policy.

• Please note that all PRESTO transactions on GO Transit Fare Payment Devices are closed and processed after 45 minutes of the guest’s initial tap ON when entering the UP Express system.

• Merchant shall determine in accordance with the Payment Network Regulations and the Agreement which types of Payment Devices it will agree to accept as payment for goods and services.