Res 2006-035 - Laserfiche WebLink

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I I 3.6 You will key in the Transaction amount and any other information as prompted by the POS Terminal. You will include any applicable tax with the amount of the POS Transaction. 3.7 You must obtain Authorization for each POS Transaction before you complete the transaction. [NOTE: You will not receive Authorization for POS Transactions that exceed a preassigned dollar limit. The dollar limit is set on a number of factors, including your Merchant Category Code. You can ask for more details about this limit from a Bank of America sales officer.] 3.8 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. 3.9 You will provide each Consumer who completes a Transaction through Electronic Check Services with: (a) the Consumer's Check, which you have 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 3.9(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 words "Void Converted to Electronic Payment" in large letters across the face of the Check. 4. Other Electronic Check Services Requirements 4.1 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, or 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. 4.2 You may not add any fee or charge to Consumers for use of Electronic Check Service. 4.3 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 POS Terminal. You understand and agree that POS Transactions are considered ACH transactions, and that Checks successfully processed are not subject to the Uniform Commercial Code rules regarding checks. 4.4 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. 8 I