WEB Entry definition
Examples of WEB Entry in a sentence
The method you employ must not only identify the consumer, but also must demonstrate the consumer’s assent to the WEB Entry authorization.
You will not divide a transaction (other than for regular recurring payments) into more than one WEB Entry in order to avoid these limitations.
You must establish, implement and maintain a commercially reasonable fraudulent transaction detection system to screen each WEB Entry in order to minimize the risk of fraud.
A WEB Entry must be based on (i) an authorization that is communicated (but not by oral communication) by the Receiver to you via the Internet or a Wireless Network; or (ii) any form of authorization otherwise permissible under the Rules if the Receiver’s instruction to initiate the individual debit entry is designed by you to be communicated (but not by oral communication) to you via a Wireless Network.
You must obtain the consumer’s authorization prior to initiating a WEB Entry.
For debit WEB Entries, obtain the Receiver’s written authorization prior to initiating the WEB Entry.
The Receiver authorized the WEB Entry as you have communicated it to us or our agent.
The CLIENT shall retain a record of the authorization for a period of two (2) years from (i) the Settlement Date of a single WEB Entry, and (ii) the termination or revocation of the authorization of a recurring WEB Entry.
If you obtain authorization from a consumer Receiver via the Internet to initiate either a single debit Entry or recurring debit Entries to that Receiver’s account ("WEB Entry"), you represent and warrant to us that the WEB Entry complies with the Rules and the federal Electronic Funds Transfer Act, as implemented by Regulation E.
You agree to indemnify us from and against any fine, action, claim, demand, loss, liability or expense (a "Loss"), including attorneys' fees and costs, resulting directly or indirectly from your initiation of any WEB Entry, including without limitation any Loss related to or arising from your breach of any representation, warranty or promise made with respect to any WEB Entry or your failure to comply with the Rules or this Agreement in connection with any WEB Entry.