Processing Services definition

Processing Services means those services, which are necessary to issue a Card and process a transaction in accordance with Government Requirements and the Rules of any System and Regulatory Authority. Such services shall include but not be limited to: set-up and maintenance of the Card and Cardholder Funds, transaction authorization, processing, clearing and Settlement, System access, Cardholder dispute resolution, System compliance, regulatory compliance, security and fraud control, and activity reporting.

Processing Services means those services which are necessary to issue and service a Card and process a Transaction in accordance with Applicable Law.

Processing Services means the Services.

Examples of Processing Services in a sentence

• Merchant shall ensure that the Merchant Bank Account remains active, in good standing, and fully capable of being used in connection with the GivexPay Services and Processing Services, for as long as the Transactions conducted by Merchant are subject to cancellation or reversal (and as otherwise specified or required by the Payment Card Network(s) and/or Processor).

• As between Merchant and Givex, Xxxxxxxx is responsible and liable for all charges, including fees, chargebacks, refunds, fines or penalties arising in connection with Xxxxxxxx’s use of the GivexPay Services and Processing Services, including any negative balance in the Merchant Payment Account.

• In most cases, Merchant may challenge Transaction Cancellation orders initiated by a Customer (including chargebacks) (“Dispute”) through the GivexPay Services and Processing Services by providing information and documentation according to the relevant Payment Card Network Rules.

• In providing the GivexPay Services and enabling Xxxxxxxx’s use of the Processing Services with Adyen N.V. as the Processor, Givex is acting as an agent of the acquiring bank.

• However, Givex is not a party to the Processor Terms and is not liable to Merchant with respect to any Processing Services, which are provided solely by the Processor.

More Definitions of Processing Services

Processing Services means all services provided under this Agreement, as further set forth on Schedule A, attached hereto and hereby incorporated herein.

Processing Services has the meaning given such term in Section 3.1(a).

Processing Services means the equipment, operational support and/or software relating to the acceptance, transmittal, processing, storage and collection of check transactions and/or electronic payments (Electronic Funds Transfer – EFT). Creation of electronic files (ACH or Check21) whereby financial institutions can move funds from one account to another.  “Receiver” - shall have the same meaning as that provided in the NACHA policies and guidelines.

Processing Services means all or part of the services offered to the Shipper by Nyhamna Joint Venture in the Transportation System.

Processing Services means payment processing and acquiring services for both Card Not Present (CNP) and Point of Sale (POS), including the acceptance and processing of Transactions (hereinafter defined), Transaction reporting, settlement of funds, and other related services provided by Processor.

Processing Services which means: (i) the receipt of Customer Gas and Customer Injected NGLs Tendered by or on behalf of Customer at the Receipt Points; (ii) the processing and/or treatment of such Customer Gas; (iii) the fractionation and/or treatment of NGLs; (iv) the redelivery of Residue Gas and NGLs produced from the processing, fractionation and/or treatment, as applicable, of Customer Gas and Customer Injected NGLs and allocable to Customer in accordance with the terms and conditions hereof (such Residue Gas, “Customer Residue Gas”, and such NGLs, “Customer NGLs”) at the relevant Delivery Points (as Nominated by Customer) for Customer’s account, with an equivalent Thermal Content to such Customer Gas and Customer Injected NGLs, less System Fuel and Losses allocated to Customer in accordance with this Agreement; (v) the metering of such Customer Gas and Customer Injected NGLs at the Receipt Points; and (vi) the metering of such Customer Residue Gas and Customer NGLs at the Delivery Points (other than the Loading Points);

Processing Services has the meaning specified in the Master Operating Agreement.