Verifone general terms of agreement
Valid as of January 1, 2021
GENERAL TERMS OF AGREEMENT,
TERMS OF DELIVERY, SERVICE AND SETTLEMENT
Verifone Finland Oy | Vantaankoskentie 14 | FI-01670 VANTAA | FINLAND | www.verifone.fi
Terms of Delivery and Service for Verifone Payment Terminal
products and services (Settlement Agreement Terms and Conditions given separately
beginning on page 10)
Contents
1 Scope of application.................................................................................................................................................................. 2
2 Creation and assignment of Agreement .................................................................................................................................... 2
3 Delivery of the Service or Product ............................................................................................................................................. 2
4 Providing and using the Service ................................................................................................................................................ 2
5 Information security and standards ........................................................................................................................................... 3
6 Error in the Service; Service maintenance and troubleshooting................................................................................................. 3
7 Infringement of intellectual property rights ................................................................................................................................. 4
8 Identifiers .................................................................................................................................................................................. 4
9 Client Details and their use ....................................................................................................................................................... 4
10 Compensation for costs and damages .................................................................................................................................... 5
11 Payments and invoicing .......................................................................................................................................................... 5
12 Suspending the Service .......................................................................................................................................................... 6
13 Termination of the Agreement ................................................................................................................................................. 6
14 Special Terms concerning Payment Terminals owned by Client ............................................................................................. 7
15 Special Terms concerning Payment Terminals included in the Service ................................................................................... 7
16 Special Terms of the Premium plus service ............................................................................................................................ 8
17 Special terms and conditions concerning the need for a substitute device .............................................................................. 8
18 Special Terms concerning short term Payment Terminal Service ............................................................................................ 8
19 Special Terms of the Verifone Reporting Service .................................................................................................................... 8
20 Point of sale interface and its Special Terms ........................................................................................................................... 9
21 Special Terms of Verifone Economic Administration Integration (EAI) ..................................................................................... 9
22 Other terms ............................................................................................................................................................................. 9
23 Validity of Terms of Delivery ................................................................................................................................................... 9
General Terms of the Verifone Settlement Agreement
1. Signing the Service Agreement and applying the Vendor Terms ............................................................................................ 10
2. Definitions .............................................................................................................................................................................. 10
3. Functional principle of Payment Service................................................................................................................................. 11
4. Methods of payment offered by Means of Payment Providers ................................................................................................ 11
5. Vendor details ........................................................................................................................................................................ 12
6. Details on payments transmitted ............................................................................................................................................ 12
7. Agreement between Vendor and Consumer .......................................................................................................................... 12
8. Vendor’s obligations............................................................................................................................................................... 14
9. Invoicing, payments and costs ............................................................................................................................................... 14
10. Providing and using the Service ........................................................................................................................................... 15
11. Vendor’s integrations ........................................................................................................................................................... 15
12. Information security .............................................................................................................................................................. 16
13. Availability of the Payment Service ...................................................................................................................................... 16
14. Impact of Means of Payment Providers ................................................................................................................................ 17
15. Complaints and liability for compensation for damages ........................................................................................................ 17
16. Confidentiality ...................................................................................................................................................................... 18
17. Copyright and trademarks .................................................................................................................................................... 18
18. Infringement of intellectual property rights ............................................................................................................................ 18
19. Amending the Vendor Terms and assigning the Agreement ................................................................................................. 19
20. Validity of the Service Agreement, suspending the Payment Service, and ........................................................................... 19
termination and cancellation of the Service Agreement .............................................................................................................. 19
21. Applicable law and forum ................................................................ ..................................................................................... 20
ADDENDUM 1: Addendum concerning data protection .............................................................................................................. 20