Ebook FMS Card Processing Rules and Regulations
Since you ("Agency") have entered into an agreement with the Financial Management Service (“FMS”) to receive Visa, MasterCard, American Express, Discover, and debit card (“Cards”) acquiring services, FMS’s Financial Agent will credit and debit your agency account for all credit and debit card acquiring transactions.
The Agency must comply with and be bound by the VISA, MasterCard, American Express and Discover Card Rules and Regulations ("Card Rules"). These Card Rules may be altered or amended from time to time at FMS’s sole discretion and without notice. The Agency also must comply with and be bound by the Visa U.S.A Inc. By-Laws and Operating Regulations, the Visa International Operating Regulations and any other rules, policies or requirements of Visa or any of its subsidiaries or affiliates (collectively "Visa Rules"), the MasterCard International Inc. By-Laws and Operating Regulations and any other rules, policies or requirements of MasterCard or any of its subsidiaries or affiliates (collectively "MasterCard Rules"), and the American Express Card Acceptance Operating Rules for the Federal Government, any of which may be altered or amended from time to time and without notice.
The Agency agrees to follow and be bound by the rules and regulations of the aforementioned networks, as amended from time to time, to the extent that these rules and regulations do not conflict with federal law and/or the terms of the FMS Card Processing Rules and Regulations. In the event of a conflict, federal law and/or the terms of the FMS Card Processing Rules and Regulations shall govern.
The network rules may provide more specificity regarding some of the items mentioned in the FMS Card Processing Rules and Regulations. If clarification is gained from researching the network rules, it will not be deemed a conflict with the FMS Card Processing Rules and Regulations. To the extent, that the rules and regulations of these networks, as amended from time to time, are or become inconsistent with the best interest of the Federal Government, as determined by FMS in their sole discretion, FMS may agree not to apply the rule or regulation determined to be inconsistent.
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