Res 2006-035 - Laserfiche WebLink

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2.7 If the Transaction is approved by the Authorization system, you will require Consumer to confirm his or her authorization of the Conversion Service by signing the Transaction Receipt provided by the Bank System. At a minimum, the Transaction Receipt will include all of the information required by NACHA and Visa Rules. 2.8 You will provide each Consumer who completes a Transaction through Electronic Check Services with: (a) the Consumer's Check, which Merchant has voided; (b) a copy of the Consumer's signed Transaction Receipt; and (c) a receipt containing specific information as to the purchase or sale of goods or services for which payment was made, as required by law. Any required receipt referenced in 2.8(c) is your sole responsibility. If you rely on the Terminal Receipt in order to comply with this requirement, you represent and warrant to us that the Terminal Receipt meets all requirements applicable to your business. You will void the Check by writing the word "Void Converted to Electronic Payment" in large letters across the face of the Check. 3. Other Electronic Check Service Requirements 3.1 You will retain a copy of each Transaction Receipt for a minimum of two (2) years, or such longer period as may be required by law, NACHA or Visa Rules, in a complete and readable manner, by which an individual Transaction Receipt may be retrieved to respond to an inquiry by the Consumer. 3.2 You may not add any fee or charge to Consumers for use of Electronic Check Service. 3.3 For each Transaction for which you receive Authorization, Bank System will automatically generate an electronic debit entry to the Consumer's Account, in accordance with the information input to the pas Terminal. You understand and agree that pas Transactions are considered ACH transactions, and that Checks successfully processed are not subject to the Uniform Commercial Code rules regarding checks. 3.4 You must make the Electronic Check Service available at each checkout lane at which paper checks are accepted, unless specifically authorized in writing by us. 3.5 You warrant that each pas Transaction is a bona fide sale of goods or services or both by you, represents a valid obligation for the amount shown on the Transaction Record, was made with the full and proper authorization of the Consumer and is for a consumer purpose. You further warrant that the pas Transaction is not known to be fraudulent or uncollectible. You further warrant that the POS Transaction represents a sale of goods and services by you to Consumer and does not involve any transaction with a third party. For the purposes of this Section 3.5, "transaction with a third party" includes transactions between a franchisee, partner, independent contractor or joint venturer of yours and consumer. I I 6 I