Payment Debit Card Manual

PAYMENT DEBIT CARD MANUAL

This Payment Debit Card Manual (the "Agreement") is entered into as of Effective Date: by and between Merchant Name: and Provider Name: .

RECITALS

WHEREAS, Merchant engages in the sale of goods and/or services and desires to accept debit card payments from its customers pursuant to procedures and authorizations set forth in this Agreement; and

WHEREAS, Provider will perform payment processing and related administrative services with respect to debit card collections and will implement operational controls and procedures described herein to permit authorized debits to the cardholder's account; and

WHEREAS, the parties desire to set forth the scope of work, payment terms, operational requirements and protections applicable to debits initiated under this Agreement.

SCOPE OF WORK

Provider shall implement procedures to accept debit card authorizations from cardholders, obtain and retain required authorizations, initiate authorized debits, reconcile transactions, and remit collected funds to Merchant in accordance with the Payment Terms below. Provider will maintain operational logs of each debit attempt, reason codes for declined transactions, and records of any cardholder disputes and adjustments.

PAYMENT TERMS

If any authorized debit is returned unpaid or any payment is not remitted in accordance with the schedule, Merchant agrees to pay a late fee in the amount of per month (or the maximum lawful rate, if less), subject to a minimum fee of .

Provider is authorized to charge applicable fees and transaction costs to Merchant's settlement account or to offset such fees from amounts otherwise due to Merchant. Merchant shall maintain sufficient funds and correct payment instructions to permit debits to clear.

AUTHORIZATION AND CARDHOLDER PROCEDURES

Merchant will obtain a valid written or electronic authorization from each cardholder prior to initiating any debit. The authorization shall identify the merchant, state the authorized amount or a method for calculating amount, identify the frequency or indicate a one-time charge, and provide the cardholder's printed name and signature or electronic equivalent. Merchant represents that each authorization will meet the legal requirements for enforceability against the cardholder.

Merchant shall not store full primary account numbers (PAN) or sensitive authentication data unless expressly permitted under applicable card network rules and only in secure, PCI-compliant systems. Provider shall implement commercially reasonable security controls to protect cardholder data in Provider's possession or control.

TERM AND TERMINATION

This Agreement commences on Start Date: and continues until End Date: unless earlier terminated in accordance with this Section.

Either party may terminate this Agreement for convenience upon written notice to the other party delivered at least days prior to the effective date of termination. Either party may terminate immediately for material breach if such breach remains uncured for more than thirty (30) days after written notice of breach, or immediately if required by applicable card network rules or regulatory authority.

CONFIDENTIALITY

Each party shall treat as confidential all non-public information received from the other party in connection with this Agreement, including cardholder data, transaction records, business processes, pricing and proprietary operational procedures ("Confidential Information"). Confidential Information shall be used solely for the performance of this Agreement and shall not be disclosed to third parties except as necessary to perform obligations hereunder or as required by law. Each party will implement reasonable administrative, technical, and physical safeguards to prevent unauthorized disclosure or access.

GOVERNING LAW

This Agreement shall be governed by and construed in accordance with the laws of the State of , without regard to its conflict of laws principles. Any dispute arising out of or relating to this Agreement shall be brought in the state or federal courts located in that State, and the parties submit to the exclusive jurisdiction of such courts.

ENTIRE AGREEMENT

This Agreement, together with any written schedules and attachments executed by the parties, constitutes the entire agreement between the parties with respect to its subject matter and supersedes all prior and contemporaneous oral or written proposals, representations, understandings and agreements. Any amendment must be in writing and signed by authorized representatives of both parties.

ADDITIONAL PROVISIONS

Compliance with Laws and Card Network Rules: Each party shall perform its obligations in compliance with applicable laws and the rules of card networks applicable to debit card transactions. Indemnification: Each party shall indemnify and hold the other harmless from claims arising from its breach of this Agreement or its negligent or willful misconduct in connection with processing or initiating debits.

By signing below, the authorized representative of each party certifies that they are authorized to enter into this Agreement, that they have reviewed and approve the procedures and financial terms herein, and that each party will implement the procedures and safeguards required by this Agreement.

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