What are 'Conveyed Transactions' in the context of the Crowne Plaza agreement?
Crowne_Plaza Franchise · 2025 FDDAnswer from 2025 FDD Document
16.1 Services Provided by Bank, Conveyed Transactions, and Non-Bank Services.
- (c) Conveyed Transactions. The following terms apply to Conveyed Transactions: (a) Processor (not Bank) will provide an Authorization response to Authorization requests; (b) Processor and Bank do not have any responsibility or liability for funding, sponsoring, or settling Conveyed Transactions; (c) you must enter into, and comply with the terms of, a separate agreement with the Card Organization or Issuer that settles Conveyed Transactions ("Issuer Agreement"), and must pursue directly with such Card Organization or Issuer all related claims and disputes; (d) the Card Organization or Issuer that settles Conveyed Transactions may charge additional fees and amounts, for which you are exclusively responsible and liable; and (e) if the Issuer Agreement has been terminated, suspended, or is not in effect, Processor does not have any obligation to provide any Services for Conveyed Transactions.
- (d) Fees. You shall pay us the fees for Conveyed Transactions and other Non-Bank Services as set forth on your Application, MPA Addendum, Fee Schedule, and/or other Schedules, or as we otherwise disclose to you. Fees for Non-Bank Services may be charged and collected in any manner that other Servicers Fees, Third Party Based Fees, and other amounts may be charged and collected under the Agreement.
Source: Item 23 — Receipts (FDD pages 100–424)
What This Means (2025 FDD)
According to the 2025 Crowne Plaza Franchise Disclosure Document, 'Conveyed Transactions' are specific card transactions with particular conditions. The Processor, not the Bank, provides authorization responses for these transactions. The Bank and Processor bear no responsibility for funding or settling Conveyed Transactions.
As a Crowne Plaza franchisee, you must independently enter into an agreement with the relevant Card Organization or Issuer to settle these Conveyed Transactions. This agreement is termed the "Issuer Agreement." Any claims or disputes related to these transactions must be pursued directly with that Card Organization or Issuer.
Furthermore, the Card Organization or Issuer settling Conveyed Transactions may impose additional fees for which the franchisee is solely responsible. If the Issuer Agreement is terminated, suspended, or not in effect, the Processor has no obligation to provide services for these Conveyed Transactions. The franchisee is obligated to pay fees for Conveyed Transactions as outlined in the Application, MPA Addendum, Fee Schedule, or other disclosed schedules.