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,;. <br /> � � a The Banc��ank <br /> � EPX MERCHAN'f AGREEMENT <br /> e/eefronic pnymenf exc�enge <br /> Phoenix Payment Systems, Inc. doing business as Electronic Payment Exchange, a Delawaze Corporation, whose <br /> address is 1201 N. Mazket Street, Suite 701, WiLnington, DE 19801 ("EPX"), The Bancorp Bank ("Bank"), a <br /> Delaware Corporation, whose address is 405 Silvecside Road, Suite 105, Wilmington, DE 19809 and Ciry of <br /> Redwood City, a Califomia Cocporation whose address is 1017 Middlefield Road Redwood Ciry, CA 94061 <br /> ("MerchanP'), agree as follows: <br /> 1. Dcfinitions. For the purposes of this Agreement and the Schedules referred to herein, the following definifions <br /> apply unless the context othenvise requires: <br /> 1.1. "Address Verification" shall mean a se�vice which allows Merchant to verify Cazdholder's billing <br /> address with lssuer. <br /> 1.2. "Association(s)" shall mean V1SA USA, Inc., MasterCard Intemauonal, Inc. and Discover Network, a <br /> business unit of Discover Financial Scrvices. <br /> 13. "Authorization" shall mean an affirmative response by or on behalf of an Issucr, to a request to the <br /> EPX System to effect a Trausaction, that a Tcansaction is within the Cardholder's available credit limit <br /> and that t6e Cardholder has not ceported the Cazd lost or stolen. All Transactions reqwre Authorization. <br /> 1.4. "BRiC" shall mean BuyerWall Recognized Identification Code. The BRIC provides future trai�saction <br /> functionality typicaliy associated with the storage of cardholder data. <br /> 1.5. `Business Day" shall mcan any day other than: <br /> i. Saturday or Sunday; <br /> ii: A day on which banking insdtutions in Delawaze aze authorized by law or executive order to be <br /> closed (and on which Bank and/or EPX is in tact closcd); or <br /> iii. A day on which the Federal Rcserve Bank is closed. <br /> 1.6. "BuyerWalP' shall mean the EPX patent pending technology that utilizcs the EPX hosted front-end <br /> applications in wnjunction with a unique transacdon idendfier allowing Merchant to eliminate contact <br /> with credit card numbe�s during the processing, transmission and storage of data. <br /> ].7. "Card(s)" shall mean either a V isa, MastetCard or Discover credit cazd or debit card. <br /> 1.8. "Cardholder" shall mean a person authorized to use a Card. <br /> 1.9. "Card-NoaPresenP' shall mean mail order, telephone o�er, e-commerce (lntcmet) order, or other <br /> transacGons that are not Cazd-Present Transactions. <br /> 1.10. "Card-Present Transaction° shall mean a 7 ransaction in which the Card is swiped through a tenninal, <br /> register or other device, capturing the Cazd information encoded on the magnetic strip. <br /> 1.11. "Chargeback" shall mean a Transaction that Bank returns to Merchant putsuant to this Agreement. <br /> 1.12. "CV V" shall mean a service which allows Merchant to verify Cardholder's possession of Card through <br /> the identification of unique digits on Card. <br /> Initi:�ls�� �� Page I of'19 <br /> � <br />