Laserfiche WebLink
<br />(g) "Chargeback" means an item representing a Transaction disputed by a Cardholder in accordance <br />with applicable Operating Rules, or a rejected Transaction Draft that is returned unpaid for any reason <br />by the Issuer ofthe Bank Card. <br />(h) "Code Ten" is defined in Section 4.5 of these Additional Terms and Conditions. <br />(i) "Credit Transaction" means a transaction between City and a Cardholder through use of a Bank Card <br />for exchange, return of, and/or adjustment on merchandise or services sold in a Transaction, as <br />evidenced by a Credit Voucher that City present to PRI for processing through the Interchange System. <br />(j) "Credit Voucher" means a paper or electronic record of a Credit Transaction through use of a Bank <br />Card in a form provided or approved by PRI. <br />(k) "Discount" means an amount equal to the total amount of a Transaction Draft multiplied by the <br />appropriate Discount Rate. <br />(I) "Discount Rate" is defined in Section 7.2 of these Additional Terms and Conditions. <br />(m) "EDC City" means a City that processes its Bank Card Transactions through use of an EDC <br />Terminal. <br />(n) "EDC Terminal" means a Point-Of-Sale Terminal that electronically captures Bank Card transaction <br />data. <br />(0) "Effective Date" means the date on which this Agreement is received and signed by a duly <br />authorized representative ofPRI at its California offices. <br />(P) "Entity" means a corporation, partnership, sole proprietorship, joint venture, or other form of <br />organization. <br />(q) "Initial Term" is defined in Section 25.1 of these Additional Terms and Conditions. <br />(r) "Interchange Rate" means any then-current fee charged by the Interchange System for each Bank <br />Card Transaction. <br />(s) "Interchange System" means the MasterCard International, Incorporated system, or VISA U.S.A. <br />Inc. or VISA International, Inc. system or both, or their successors and assigns. <br />(t) "Issuer" means the institution that issued the Bank Card to a Cardholder. <br />(u) "Item" means a credit or debit processed through an Interchange System arising from use of a Bank <br />Card. <br />(v) "Minimum Monthly Fee" means the then-current monthly fee for maintaining City membership in <br />the Interchange System as charged by PRI. <br />(w) "Operating Rules" means all respective bylaws, operating rules and regulations, procedures, and <br />guidelines promulgated by each Interchange System, as they may ftom time to time be amended. <br />(x) "Point of Sale Terminal" means the computer terminal or similar device at City location that <br />provides electronic responses to Authorization requests. "Preauthorized Order" means a Cardholder's <br />written authorization to make one or more charges to the Cardholder's Bank Card account on a future <br />date. <br />(y) "Program" means the program of City participation in the Interchange Systems as described in this <br />Agreement. <br />(z) "Transaction Draft" means a paper or electronic record of a Transaction in a form provided or <br />approved by PRI. <br />(aa) "Transaction" means a transaction between City and a Cardholder for the provision of services <br />through use of a Bank Card as evidenced by a Transaction Draft that City present to PRI for processing <br />through the Interchange System. <br /> <br />7 <br />