Res 2006-035 - Laserfiche WebLink

Home Browse Search

I 3.6 You warrant the validity and accuracy of the amount of each POS Transaction. 3.7 You will not use the Visa name or any Visa mark in its communications with Consumers, unless approved in advance in writing by us. 3.8 You will maintain the POS Terminal in the same manner as is required for your maintenance of POS Equipment in the Agreement 3.9 You will advise us of each POS location that uses the Electronic Check Service, and will not move a POS Terminal to a different POS or other location without our prior written approval. 4. Conversion Only Service You understand and agree that the Conversion Only Service involves the minimum amount of review for Authorization. Your acceptance of a Conversion Only Service allows for the speedy conversion of a Check to an electronic debit. Payment to you is subject to the possibility of Reversed POS Transaction based on a Claim. In the case of a Reversed POS Transaction, you may make appropriate collection efforts directly with the Consumer. I 5. Verification with Conversion You understand and agree that, in the event the Check is drawn on a Participating Bank, the Verification with Conversion Service verifies that the Consumer has sufficient funds available in the Consumer Account at the time Authorization is given. You understand and agree that, in the event the Check is drawn on a Non-participating Bank, the Verification with Conversion Service provides Authorization for Transactions based on information indicating a likelihood that sufficient funds are available in the Consumer's Account. In either event, your acceptance of a Verification with Conversion Transaction is subject to the possibility of Reversed POS Transaction based on a Claim. In this event, you may make appropriate collection efforts directly with the Consumer. 7 I