Excerpts from fv: 15-Dec-94 FV fine print Eric Hughes@remailer.net (403)

* YOU shall retain computer data of all sales for at least three years from the date of the transaction. In the event you are not able to store such information, you may contact infohaus-info@fv.com to make storage arrangements.

Interpretation is left to the reader.

FYI, this is a direct carryover from the standard terms & conditions of a Visa/MasterCard merchant account. Basically, this is a legal necessity to process inquiries from the cardholder's issuing bank, etc. You'll note that we don't say you have to provide the information to us, merely that you have to keep it -- that way, if there's a court action requiring us to provide the information, we can point out that you are required to have the information. If you haven't kept it, you won't have nearly as much of a problem with us as with the government. In any event, the most we can do is say, "oh, you violated our terms and conditions, you can't be an FV seller any more." What we're doing here, in essence, is allowing ANYONE to function as a Visa/MC merchant, with the addition of the 90 day hold and a few other things. In order to do that, our terms and conditions have to ensure that you comply with the Visa/MC terms and conditions, that's all. -- Nathaniel