Who is the Visa and Mastercard Member Bank for Even Hotels franchisees, and what is their mailing address?
Even_Hotels Franchise · 2025 FDDAnswer from 2025 FDD Document
- (a) The Visa and Mastercard Member Bank is Bank of America, N.A The Bank's mailing address is 9200 Shelbyville Road, Suite 200, KY6-225-0202, Louisville, KY 40222.
- (b) The Bank is the only entity approved to extend acceptance of Visa and Mastercard products directly to you under the Agreement.
- (c) The Bank must be a principal (signer) to the Agreement.
- (d) The Bank is responsible for educating you on pertinent Visa and Mastercard rules with which you must comply; but this information may be provided to you by Processor.
- (e) The Bank is responsible for and must provide settlement funds to you.
- (f) The Bank is responsible for all funds held in reserve that are derived from settlement.
- (g) The Bank is the ultimate authority should you have any problems with Visa or Mastercard products (however, Processor also will assist you with any such problems).
Source: Item 23 — RECEIPTS (FDD pages 99–438)
What This Means (2025 FDD)
According to Even Hotels' 2025 Franchise Disclosure Document, the Visa and Mastercard Member Bank is Bank of America, N.A. The bank's mailing address is 9200 Shelbyville Road, Suite 200, KY6-225-0202, Louisville, KY 40222.
This information is crucial for Even Hotels franchisees as Bank of America, N.A. is the only entity approved to extend acceptance of Visa and Mastercard products directly to the franchisee under the agreement. The bank is a principal signer to the agreement and is responsible for educating the franchisee on pertinent Visa and Mastercard rules, although this information may be provided by a processor.
Furthermore, Bank of America, N.A. is responsible for providing settlement funds to the franchisee and for all funds held in reserve that are derived from settlement. The bank also serves as the ultimate authority should the franchisee encounter any issues with Visa or Mastercard products, although a processor will also assist with such problems. Therefore, maintaining a good relationship with Bank of America, N.A. is essential for the smooth operation of payment processing for an Even Hotels franchise.