Tokenization Service definition

Tokenization Service means the services performed by ISO on behalf of Merchant as described in this Article XI.
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Tokenization Service means the Processor TransForm Tokenization and/or OmniToken branded services designed to move Merchant's customer cardholder data offsite to Processor's PCI DSS compliant storage facility. Processor's servers create and then return a unique PAI/TokenID to the Merchant's software application. Encryption is used to protect cardholder data while in transit. Using the PAI/TokenID, Merchant can bill a card on file and/or schedule automatic payments, enabling the Merchant to securely process transactions from payment accountrecords.
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Examples of Tokenization Service in a sentence

  • The TransForm® Tokenization Service is being provided to Merchant by Processor "as-is" and without any warranty of any kind.

  • In order to use the Tokenization Service, Merchant must be a direct or gateway merchant of ISO.

  • Verifone’s Tokenization Service has been validated as PCI DSS compliant.

  • Processor will charge Merchant the monthly fee set forth in the Application per MID for its use of the TransForm Tokenization Service.

  • The Tokenization Service is being provided to Merchant by Processor "as-is" and without any warranty of any kind.

  • These Tokenization Service terms will run coterminous with the Merchant Processing Agreement.

  • The rate and fees set forth in the Application for Tokenization Service and Account Updater apply.

  • The parties expressly agree that the total liability of Processor (including, without limitation, for Processor's performance or the failure of such performance hereunder, or for any breach hereof) will be exclusively limited to an amount equal to the aggregate Tokenization Service fees actually received by Processor from Merchant during the one month period ending on the date on which the event giving rise to the claim for damages occurred.

  • The Tokenization Service will allow Merchant to transfer its Cardholder payment account data offsite to ISO and use a unique token provided to Merchant by ISO to allow Merchant to process Transactions via the ISO-stored account numbers (“SANs”).

  • In addition to the terms of the Agreement, these TransForm Tokenization Service terms apply to Merchant’s use of the Account Updater Service and TransForm Tokenization Service to store authorized customer billing information for recurring transactions and may be provided by Processor and one or more affiliates of Processor.

Related to Tokenization Service

  • Generation Service means the sale of electricity, including ancillary services such as the provision of reserves, to a Customer by a Competitive Supplier.

  • Interconnection Service means the physical and electrical interconnection of the Customer Facility with the Transmission System pursuant to the terms of Tariff, Part IV and Tariff, Part VI and the Interconnection Service Agreement entered into pursuant thereto by Interconnection Customer, the Interconnected Transmission Owner and Transmission Provider.

  • Basic generation service or "BGS" means electric generation

  • Information Service is the offering of a capability for generating, acquiring, storing, transforming, processing, retrieving, utilizing, or making available information via Telecommunications, and includes electronic publishing, but does not include any use of any such capability for the management, control, or operation of a Telecommunications system or the management of a Telecommunications Service.

  • Cable television service means the one-way transmission to subscribers of video programming and other programming service and subscriber interaction, if any, that is required for the selection or use of the video programming or other programming service.

  • broadcasting service means a radiocommunication service in which the transmissions are intended for direct reception by the general public. This service may include sound transmissions, television transmissions or other types of transmission.

  • telecommunication service means service of any description (including electronic mail, voice mail, data services, audio text services, video text services, radio paging and cellular mobile telephone services) which is made available to users by means of any transmission or reception of signs, signals, writing, images and sounds or intelligence of any nature, by wire, radio, visual or other electromagnetic means;

  • Transportation Service means a service for moving people and goods, such as intercity bus service and passenger rail service.

  • Network Transmission Service means transmission service provided pursuant to the rates, terms and conditions set forth in Tariff, Part III, or transmission service comparable to such service that is provided to a Load Serving Entity that is also a Transmission Owner.

  • Broadband service means a retail service capable of transmitting data over an access line at a rate greater than 200 kilobits per second.

  • Provisional Interconnection Service means interconnection service provided by Transmission Provider associated with interconnecting the Interconnection Customer’s Generating Facility to Transmission Provider’s Transmission System and enabling that Transmission System to receive electric energy and capacity from the Generating Facility at the Point of Interconnection, pursuant to the terms of the Interconnection Service Agreement and, if applicable, the Tariff.

  • Staffing service means any person, other than a professional employer organization, that hires its

  • Distribution Service means the delivery of electricity to Customers by the Distribution Company.

  • Cloud Service means any distinct, subscription-based, hosted, supported and operated on-demand solution provided by SAP under an Order Form.

  • Network Integration Transmission Service means the transmission service provided under Tariff, Part III.

  • Support Service means an activity, such as information technology, accounting, human resources, legal, and other support functions that are required to support the ongoing delivery of core services.

  • Electric generation service means the provision of retail

  • payment initiation service means a service to initiate a payment order at the request of the payment service user with respect to a payment account held at another payment service provider;

  • Online Service means our on-line system for managing the electronic transmission of information between us and Providers;

  • Interconnection Service(s) means any Interconnection, Resale Services, 251(c)(3) UNEs, Collocation, functions, facilities, products or services offered under this Agreement.

  • Education Services means training services performed or delivered by Company.

  • flight information service means a service provided for the purpose of giving advice and information useful for the safe and efficient conduct of flights;

  • Education service provider means an education management organization, school

  • Installation Services means all those services ancillary to the supply of the Plant and Equipment for the Facilities, to be provided by the Contractor under the Contract; e.g., transportation and provision of marine or other similar insurance, inspection, expediting, site preparation works (including the provision and use of Contractor’s Equipment and the supply of all construction materials required), installation, testing, pre-commissioning, commissioning, operations, maintenance, the provision of operations and maintenance manuals, training, etc.

  • 911 Service means a universal telephone number which gives the public direct access to the Public Safety Answering Point (“PSAP”). Basic 911 service collects 911 calls from one or more local exchange switches that serve a geographic area. The calls are then sent to the correct authority designated to receive such calls.

  • Communication service means a service capable of accessing, connecting with, or interfacing with a 9-1-1 system, exclusively through the numerals 9-1-1, by dialing, initializing, or otherwise activating the 9-1-1 system through the numerals 9-1-1 by means of a local telephone device, cellular telephone device, wireless communication device, interconnected voice over the internet device, or any other means.