Third Party Processor definition
Examples of Third Party Processor in a sentence
If Dealer wishes to have a third party that is not an OCPE Program National Business Partner access the Recall Customer Data, Dealer may (A) only provide Recall Customer Data only of Dealer’s Customers to such third party for the purpose of conducting Customer notifications on Dealer’s behalf for the Permitted Purpose, and (B) only permit access if such third- party has signed a Third Party Processor Agreement with R.
Each Third Party Processor or ter- minal operator must have primary re- sponsibility and liability for operating the telecommunications and processing system (including software and hard- ware) through which transactions initi- ated at POS terminals it owns, oper- ates, controls or for which it has signed an agreement to accept EBT trans- actions, are processed and routed, di- rectly or indirectly, to the appropriate State authorization system.
It is preferred the proposing vendor be able to interface with the VOIP phone system.
Merchant further authorizes BASE COMMERCE to process electronic funds transfers as a Third Party Processor through the Account designated by Merchant.
If you are providing this Service for an Originator as a Third Party Processor you (i) may be subject to additional requirements, (ii) are bound by the requirements of the NACHA Rules, and (iii) are responsible to enter into agreements binding the Originator to the NACHA Rules.