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<br />i <br />f <br /> <br />I <br /> <br />1.27 Transaction Receipt. A paper record of a POS Transaction generated at <br />the POS, which includes a space for the Consumer to sign, authorizing the <br />electronic fund transfer. <br /> <br />1.28 Verification with Conversion. The process of conversion of a Check to an <br />electronic debit from the Consumer's Account, in which you receive <br />verification that the Consumer's Account is open. In cases where you <br />request Verification with Conversion Service for a Transaction, receipt of <br />Authorization is an assurance that, at the time of the Transaction, there <br />were sufficient funds to cover the electronic fund transfer. <br /> <br />1.29 Visa Rules. The Visa, U.S.A. operating rules, as amended from time to <br />time. <br /> <br />2. Your Application and Information <br /> <br />2.1 You represent and warrant that all information supplied on the Application <br />is true and correct to the best of your knowledge. By completing the <br />Application and signing below, you apply for the [Merchant] Services <br />covered by the Application, including those described in this Agreement. <br />In our sole discretion, we may accept or decline your Application. You <br />may present POS Transactions to us only for the activities, and in the <br />volumes described on the Application. Any addition to those activities or <br />POS Transaction volume exceeding the volume indicated on the <br />Application by more than 25%, must be approved in writing by an <br />authorized officer of Bank of America, N.A. <br /> <br />I <br /> <br />2.2 We may, from time to time: <br /> <br />A) obtain credit and other information about you, as well as your <br />owners and guarantors, from others (such as stores, lenders and <br />credit reporting agencies), and <br /> <br />B) furnish information about your relationship with us and about our <br />experience with you to Card Organization and others whom we <br />determine need to know, and who are seeking such information. <br /> <br />2.3 You must, from time to time upon our request, provide us with updated <br />business and fmancial information, including a new Application. All such <br />information will be used only by us, Card Organization or other <br />appropriate persons, and only as we deem appropriate in performing <br />services under this Agreement. We and Card Organization may audit your <br />files and records relevant to this Agreement at any reasonable time. <br /> <br />5 <br /> <br />I <br />