Examples of Payment Scheme Rules in a sentence
Services will be provided in accordance with Applicable Law and Payment Scheme Rules.
The Merchant shall not act in contravention of or cause PayU to act in contravention of any Payment Scheme Rules to which PayU is subject.
Subject to the Applicable Laws, the Supplier may use, collect and share information, documents, items and/or materials provided by the Customer with the Supplier’s Affiliates, subcontractors, Card Issuers, Payment Schemes, reference agencies, fraud prevention agencies and enforcement authorities to the extent the Supplier may reasonably consider necessary or appropriate for the provision of the Services and/or compliance with this Agreement, Applicable Laws, Payment Scheme Rules and Further Guidance.
Where applicable, the Merchant must respond to cardholder disputes and handle Chargebacks in accordance with Payment Scheme Rules.
The Customer shall not act in contravention of or cause the Supplier to act in contravention of any Payment Scheme Rules to which the Supplier is subject.
It's important to understand that the Card Schemes and Alternative Payment Frameworks have discretion in managing Chargebacks according to the Payment Scheme Rules.
If we have any reasons to believe that the Merchant is copying, capturing or intercepting the above-mentioned information, in violation of the Payment Scheme Rules and PCI SSC’s rules, recommendations and standards (including specifically PCI DSS), we reserve the right to inspect Merchant’s locations and to suspend processing of Transactions and/or Refunds and to suspend Payouts.
The inspection referred to above may be carried out in particular (i) in the event of a Data leakage, (ii) as specified in the Payment Scheme Rules or (iii) in accordance with PCI-DSS requirements.
This list may be updated, at our discretion, where needed to ensure legal compliance, compliance with the Payment Scheme Rules and the TPPP’s Rules, prevent high levels of Chargebacks, reputational risks and/or reduce our exposure to potentially fraudulent or illegal transactions.
In accepting the Services provided by us the Merchant commits to comply with the terms of this Agreement, Payment Scheme Rules, and the Applicable Law relating to the supply of goods/services by the Merchant.