Payment Network Regulations definition
Examples of Payment Network Regulations in a sentence
License Agent shall not utilize any Value Added Services unless License Agent discloses such use to the State of Oregon’s credit card processor in writing, and unless such Value Added Services are fully compliant with all applicable laws and Payment Network Regulations.
Whether or not Elavon elects to provide Simplify Software Support Services for an Unsupported Release, Elavon will have no responsibility or liability for the compliance or non-compliance of any such Unsupported Release with industry standards, Laws or Payment Network Regulations.
All Third-Party Services shall comply with all applicable requirements of Laws, the Payment Network Regulations and the Agreement, including PCI.
Company will comply with the requirements of PCI and any modifications to, or replacements of PCI that may occur from time to time, be liable for the acts and omissions of each third party offering such Third-Party Services and will be responsible for ensuring compliance by the third party offering such Third-Party Services with all applicable requirements of Laws, the Payment Network Regulations and the Agreement, including PCI.
Provider may decline to process Transactions in an identified Applicable Country if Provider is not authorized or is not permitted under Laws or Payment Network Regulations to process such Transactions.
Notwithstanding anything in the Agreement to the contrary, any use of applicable Payment Network trademarks and service marks by Company must be in compliance with the Payment Network Regulations.
To Sellers’ Knowledge, any breaches of Personal Data during the last three (3) years has been documented and reported to state authorities consistent with applicable Legal Requirements, and to the applicable merchant card services provider as required by the PCI-DSS Standards and the Payment Network Regulations in the event of a compromise of credit card data.
Company is in compliance with all Laws and Payment Network Regulations.
Subject to the Payment Network Regulations, and notwithstanding the Bank being a party to any such Merchant Agreement, or anything to the contrary in any Merchant Agreement, NOVA does and shall own, administer and control the Merchant Agreements and the relationship created thereby (such control shall include, without limitation, decisions regarding the continuance, amendment, assignment or termination of such Merchant Agreement).
Further, the Bank shall comply in all respects with the Payment Network Regulations, the practices and procedures of Elavon, and the reasonable instructions of Elavon in connection therewith.