PIN debit network definition

PIN debit network means a telecommunications and payment infrastructure that enables PIN debit transactions by providing the switch that connects merchants to consumers’ demand deposit accounts at banks.
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PIN debit network means a telecommunications and payment infrastructure that
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Examples of PIN debit network in a sentence

  • You agree that all POS terminals operate with unique keys according to PIN debit network requirements.

  • In addition to the charges set forth on the Application, Merchant agrees to pay for all PIN debit network setup fees, chargeback fees and adjustment fees, including but not limited to, late fees that may be imposed by the debit networks.

  • A Personal Identification Number (PIN)-based purchase transaction occurs when your debit card or ATM card is used to make a purchase and the merchant processes the transaction through a PIN debit network, such as Star or Interlink.

  • In addition to the charges set forth on the Application, ▇▇▇▇▇▇▇▇ agrees to pay for all PIN debit network setup fees, chargeback fees and adjustment fees, including but not limited to, late fees that may be imposed by the debit networks.