What are 'Credit Card Vendors' in the context of a Chicken Guy franchise?
Chicken_Guy Franchise · 2025 FDDAnswer from 2025 FDD Document
- (2) Franchisee shall maintain, at all times, credit-card relationships with the creditand debit-card issuers or sponsors, check or credit verification services, financial-center services, merchant service providers, and electronic-fund-transfer systems (together, "Credit Card Vendors") that Chicken Guy may periodically designate as mandatory. Franchisee shall not to use any Credit Card Vendor for which Chicken Guy has not given its prior written approval or as to which Chicken Guy has revoked its earlier approval. The term "Credit Card Vendors" includes, among other things, companies that provide services for electronic payment, such as near field communication vendors (e.g., "Apple Pay" and "Google Wallet"). Chicken Guy has the right to modify its requirements and designate additional approved or required methods of payment and vendors for processing such payments, and to revoke its approval of any service provider. Franchisee shall comply with Chicken Guy's policies regarding acceptance of payment by credit and/or debit cards, including for example minimum purchase requirements for a customer's use of a credit card (Chicken Guy may set these requirements in the Manual).
Source: Item 22 — CONTRACTS (FDD page 50)
What This Means (2025 FDD)
According to Chicken Guy's 2025 Franchise Disclosure Document, Credit Card Vendors are defined as entities that provide services related to non-cash payment systems. These include credit and debit card issuers or sponsors, check or credit verification services, financial-center services, merchant service providers, and electronic-fund-transfer systems. Chicken Guy franchisees are required to maintain relationships with Credit Card Vendors that Chicken Guy designates as mandatory.
Chicken Guy retains the authority to approve or disapprove Credit Card Vendors, and franchisees must only use vendors that have Chicken Guy's prior written approval. The term encompasses companies that facilitate electronic payments, including near field communication vendors like Apple Pay and Google Wallet. Chicken Guy can modify its requirements, designate additional approved payment methods and vendors, and revoke approval of any service provider.
Franchisees must also comply with Chicken Guy's policies regarding credit and debit card payments, including any minimum purchase requirements. Furthermore, franchisees are obligated to adhere to the Payment Card Industry Data Security Standards (PCI DSS) and implement security enhancements required by the PCI Security Standards Council. This ensures the protection of customer data and compliance with industry best practices for handling electronic payments at Chicken Guy locations.