E-commerce Transactions

Intsel Steel

Electronic Commerce Transactions CUSTOMER acknowledges and agrees that this Section 7 pertains only to ECTs that arise from transactions effected in U. S. Dollars. All CUSTOMER’s ECTs must be in U. S. Dollars and will be settled in U. S. Dollars. Under the Card Organization Rules, ECTs are considered non face-to-face Card transactions. In addition, CUSTOMER must properly identify each ECT in the Sales Draft. CUSTOMER agrees to develop and maintain a point of presence on the Internet at CUSTOMER’s expense. CUSTOMER must post CUSTOMER’s consumer data privacy policy and method of transaction security on CUSTOMER’s web site(s) in accordance with the Card Organization Rules and Applicable Law. CUSTOMER will, in accordance with the Card Organization Rules and Applicable Law, (i) install and maintain a working firewall to protect data accessible via the Internet; (ii) keep security patches up to date; (iii) encrypt stored data; (iv) encrypt data sent across networks; (v) use and regularly update anti-virus software; (vi) restrict access to data on a “need to know” basis; (vii) assign a unique ID to each person with computer access to data; (viii) not use vendor-supplied defaults for system passwords and other security parameters; (ix) track access to data by unique ID; (x) regularly test security systems and processes; (xi) maintain a policy that addresses information security for employees and contractors; and (xii) restrict physical access to Cardholder data. CUSTOMER’s Internet web site must contain (a) a complete description of the goods or services offered, (b) CUSTOMER’s returned merchandise and refund policy, (c) CUSTOMER’s customer service contact information, including e-mail address and/or telephone number, (d) transaction currency, (e) export or legal restrictions (if known), (f) CUSTOMER’s delivery policy and (g) CUSTOMER’s country of domicile immediately prior to the Cardholder’s accessing of payment instructions. In addition, CUSTOMER must disclose, at all points of Cardholder interaction (including any of CUSOMER’s supplier or subcontractor Internet web sites and any of CUSTOMER’s promotional materials and invoices), to the Cardholder that CUSTOMER, and not any of any CUSTOMER’s suppliers of goods or subcontractors for services, is the merchant of record and responsible for any Card transaction. CUSTOMER must also notify the Cardholder that CUSTOMER is responsible for (i) payment transactions, (ii) products and services, (iii) direct customer service, (iv) Internet web site(s) the Card Organization Marks, wherever CUSTOMER displays payment options, in accordance with the Operating Guide and Subsection 3.5 of the Bankcard Addendum. CUSTOMER will be responsible for all costs of connectivity and communication between CUSTOMER, the Internet and BANK. CUSTOMER agrees to utilize SSL (Secure Sockets Layer) or other secure compatible encryption method acceptable to BANK in providing CUSTOMER’s ECTs to BANK for authorization, processing and settlement. CUSTOMER assumes all responsibility for identification of the Cardholder and the validity of the Card information for ECT. CUSTOMER agrees that each Authorization request will include a request for address verification and a positive response for it. CUSTOMER agrees to identify separately any high-risk transactions CUSTOMER submits. The highrisk transactions include, but are not limited to, any under Merchant Category Code 5967 – Direct Marketing – Inbound Telemarketing Merchants.