MoneyGram 2007 Annual Report Download - page 136

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6. REMITTANCES AND REPORTS. Seller agrees to remit to Company the amounts of all money orders sold and fees as provided in this
Agreement. Seller will remit the face amount and fees to Company daily by bank wire for the previous day's sales. Remittance will be
made on Monday for the previous Friday, Saturday and Sunday sales. Company to provide Seller with previous day's sales by 10:00 a.m.
When a remittance day falls on a bank holiday, Seller will remit on the banking day after the holiday. Seller agrees to allow Company
continuous access to the information in electronic dispensers.
7. REFUNDS TO PURCHASER; "Safe to Cash." Seller may cash a money order for a customer (whether or not the money order was
issued by Seller) provided Seller takes the original money order and deposits it in Seller's account. Seller acts at its own risk if it cashes a
money order for a purchaser without depositing the money order, except to the extent caused by any act or failure to act (whether
negligent, dishonest, or otherwise) by Company or Company's employee (whether or not acting within the scope of employment.)
Company may, during the term of this Agreement, develop a system interface that would allow Seller access to Company's database in
order to confirm the validity of a money order before Seller cashes it (the "Safe to Cash Service"). If Company develops the Safe to Cash
Service, Company will make it available to Seller for a charge. If Seller uses the service according to instructions, Company and not Seller
will be liable for any money order that Seller cashes based on information in the systems that the money order is valid and unpaid.
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