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PAYMENT RESOURCES INTERNATIONAL 1 - 2004
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PAYMENT RESOURCES INTERNATIONAL 1 - 2004
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Last modified
1/3/2012 2:19:42 PM
Creation date
4/5/2004 3:34:35 PM
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Contracts
Company Name
Payment Resources International
Contract #
N-2004-024
Agency
Finance & Management Services
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<br />Each definition in this Agreement includes the singular and the plural, and the word "including" means <br />"including but not limited to." Reference to any statute or regulation means such statute or regulation as <br />amended at the time and includes any successor statute or regulation. Section and <br />other headings in this Agreement are solely used for convenience and shall not be considered in its <br />interpretation. <br /> <br />17. <br /> <br />SCOPE OF SERVICES <br /> <br />PRI shall perform those services as set forth below and in (Merchant Application Agreement) attached <br />hereto as Exhibit A to this Agreement. <br /> <br />CITY RESPONSIBILITY <br /> <br />1. City hereby appoints PRI as City's agent for the purpose of forwarding to Issuers all Transaction <br />Drafts and Credit Vouchers arising from Bank Card Transactions. City shall process all Bank Card <br />Transactions through PRI. <br /> <br />2. City acknowledges that PRI and Agent Bank may monitor City daily account activity. IfPRI or <br />Agent Bank suspects or becomes aware of any abnormal, irregular, suspicious, or fraudulent City <br />activity, including any change in City business practices or activity that is inconsistent with the <br />information contained in or submitted as part of City Bank Card Application and Agreement, that is <br />inconsistent with City prior processing activities (such as level of charges or number of Credit <br />Vouchers), or that depart from ordinary business practices of other cities in the same or similar line of <br />business, PRI and Agent Bank may in their sole discretion, without notice to, do one <br />or more of the following: <br />a. Establish a reserve requirement, a level that will be assessed against future sales by City; <br />b. Divert future sales in order to cause the City to abide by this Agreement and the Operating <br />Rules. <br /> <br />3. Honor All Bank Cards. City shall honor all valid and unexpired Bank Cards when properly <br />presented as payment from a Cardholder for a Transaction, provided that the requirements ofthis <br />section are satisfied. City shall maintain a policy that does not discriminate among customers seeking to <br />conduct transactions through use of a Bank Card In all events City shall not: <br />(a) establish, or post any signs that indicate that City require, any minimum or maximum amount of <br />transaction as a condition to honoring a Bank Card; <br />(b) directly or indirectly impose any surcharge on any Transaction which are contrary to processors <br />regulations; <br />(c) collect any applicable tax separately in cash <br /> <br />4. Conditions of a Transaction. City shall not complete any Transaction unless all of the following <br />conditions are met: <br />(a) Except in the case of a mail or telephone order, a Bank Card is presented; <br />(b) The Transaction date is on or after the "valid from" date and before the expiration date shown on <br />the Bank Card; <br /> <br />8 <br />
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