Payment transfer definition

Payment transfer means a payment transaction wherein funds are transferred to a payment account of the Recipient under the initiative of the Payer.
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Payment transfer means any lend- er-initiated debit or withdrawal of funds from a consumer’s account for the purpose of collecting any amount due or purported to be due in connec- tion with a covered loan.
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Payment transfer means a payment service when money is transferred to your Account under the initiative of the Payer;
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Examples of Payment transfer in a sentence

  • The effective date of a Purchase Payment, transfer, or withdrawal is the Valuation Date on which the Purchase Payment or the request for transfer or withdrawal is received at the Home Office.

  • Credit External Payment transfers are irrevocable and once you have told us to make a Credit External Payment transfer it cannot be stopped or cancelled.

  • We may also decide not to process a future-dated Credit External Payment transfer if you have instructed us to make the transfer using a PayID and, at the relevant transfer time, we become aware that the details registered for that PayID in the NPP Addressing Service have substantially changed since you instructed us or, in the case of recurring payments, since the previous transfer.

  • You must therefore take care to ensure all information you give us in relation to a Credit External Payment transfer request is correct and complete.

  • We may decide not to process a Credit External Payment transfer, including future dated transfers, if there are insufficient funds available for withdrawal in the specified nominated account to be debited on the relevant transfer date.

  • Where we process a Credit External Payment transfer as an Osko Payment, the transfer will be processed, cleared and settled on a 24/7 near real-time basis.

  • The effective date of a subsequent Purchase Payment, transfer or withdrawal is the Valuation Date on which the subsequent Purchase Payment or the request for transfer or withdrawal is received at the Home Office.

  • The date your request is received in a Social Security office or the postmarked date, if the written request was mailed, will be the filing date, whichever is earlier.§ 408.1235 How does the State transfer funds to SSA to administer its rec- ognition payment program?(a) Payment transfer and adjustment.

  • NEFT/ Online Payment transfer details for Tender Fee and Bid Securing Declaration Form must be submitted along with the tender document.

  • However, the Purchase Payment, transfer, or withdrawal will be effective on the following Valuation Date if the Purchase Payment or request for transfer or withdrawal is received at the Home Office either: - on a Valuation Date after the close of trading on the New York Stock Exchange; or - on a day on which the New York Stock Exchange is closed.


More Definitions of Payment transfer

Payment transfer means any lender-initiated debit or withdrawal of funds from a consumer’s account for the purpose of collecting any amount due or purported to be due in connection with a covered loan.
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Payment transfer means any lend- er-initiated debit or withdrawal of funds from a consumer’s account for the purpose of collecting any amount due or purported to be due in connec- tion with a covered loan. Bur. of Consumer Financial Protection § 1041.8
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Payment transfer means a debit or withdrawal of funds from a consumer’s account that the lender initiates for the purpose of collecting any amount due or purported to be due in connection with a covered loan. A debit or withdrawal meeting this description is a payment transfer regardless of the means the lender uses to initiate it. For example, a payment transfer includes but is not limited to a debit or withdrawal initiated by an electronic fund transfer11 (such as a debit card, prepaid card, or ACH transfer), a signature check, a remotely created
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Payment transfer a payment transaction wherein funds are transferred to a payment account of the Recipient under the initiative of the Payer. Personal Data – any information related to the natural (private) person whose identity is known or can be directly or indirectly determined by using a personal code (national ID number) and one or more physical, physiological, psychological, economic, cultural, or social features specific to the individual. Pricing – prices for NovaPay services and transactions confirmed by NovaPay in accordance with the established regulations. Profile – the result of registration in the computer system, during which personal data of the registered person is saved, a login name is created, and their rights in the system are defined. Recipient – a natural or legal person, or another organisation or its branch, specified in the Payment Order as a recipient of the funds of the Payment Transaction. Service – payment services provided by NovaPay; a payment service provided by NovaPay, also any other service provided by NovaPay. Statement – a document prepared and provided by NovaPay, which includes information about Payment Transactions executed during a specific period of time. Strong Customer Authentication – the procedure of verification of the identity of a natural or legal person based on the use of two or more elements categorised as knowledge (e.g. static password, code, personal identification number), or other means supported by NovaPay (token, smart card, mobile phone, biometric characteristics). This procedure is applied when the Client is logging in to their payment account online or through other means of remote access, initiates a payment transaction and, through the means of remote access, carries out any action that might be related to the risk of fraud in carrying out a payment or any other types of misuse. Supplement – an agreement between NovaPay and the Client on the provision and use of separate services provided by NovaPay. A supplement can be identified as an agreement, rules, declaration, plan, or in any other way. A supplement is an integral part of the present Agreement. System – a software solution on NovaPay’s web pages, developed by NovaPay and used for the provision of NovaPay services. Unique Identifier – a combination of letters, numbers, or symbols which NovaPay, as a provider of payment services, provides to the User of payments services, and which is used to identify the User of payment services participating in the Pay...
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Payment transfer a payment transaction wherein funds are transferred to a payment account of the Recipient under the initiative of the Payer. Personal Data – any information related to the natural (private) person whose identity is known or can be directly or indirectly determined by using a personal code (national ID number) and one or more physical, physiological, psychological, economic, cultural, or social features specific to the individual. Pricing – prices for Alphapay services and transactions confirmed by Alphapay in accordance with the established regulations. Profile – the result of registration in the computer system, during which personal data of the registered person is saved, a login name is created, and their rights in the system are defined. Recipient – a natural or legal person, or another organisation or its branch, specified in the Payment Order as a recipient of the funds of the Payment Transaction. Service – payment services provided by Alphapay; also any other service provided by Alphapay. Statement – a document prepared and provided by Xxxxxxxx, which includes information about Payment Transactions executed during a specific period of time. Strong Customer Authentication – the procedure of verification of the identity of a natural or legal person based on the use of two or more elements categorised as knowledge (e.g. static password, code, personal identification number), or other means supported by Alphapay (i. e. token, smart card, mobile phone, biometric characteristics). This procedure is applied when the Client is logging in to their payment account online or through other means of remote access, initiates a payment transaction and, through the means of remote access, carries out any action that might be related to the risk of fraud in carrying out a payment or any other types of misuse. Supplement – an agreement between Alphapay and the Client on the provision and use of separate services provided by Alphapay. A supplement can be identified as an agreement, rules, declaration, plan, or in any other way. A supplement is an integral part of the present Agreement. System – a software solution on Alphapay’s web page and used for the provision of Alphapay services.
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Payment transfer means a debit or withdrawal of funds from a consumer’s account that the lender initiates for the purpose of collecting any amount due or purported to be due in connection with a covered loan. A debit or withdrawal meeting this description is a payment transfer regardless of the means the lender uses to initiate it. For example, a payment transfer includes but is not limited to a debit or withdrawal initiated by an electronic fund transfer (such as a debit card, prepaid card, or ACH transfer), a signature check, a remotely created check, and a remotely created payment order. 12 CFR §1041.8(a)(1)(i). A “single immediate payment transfer” at the consumer’s request is a payment transfer initiated by a one-time electronic fund transfer or signature check within one business day after the lender obtains the consumer's authorization for the transfer or the consumer provides the check to the lender. 12 CFR
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Related to Payment transfer

  • Payment Transaction means an act, initiated by the payer or on his behalf or by the payee, of placing, transferring or withdrawing funds, irrespective of any underlying obligations between the payer and the payee;

  • Subsequent Transfer Instrument: Each Subsequent Transfer Instrument, dated as of a Subsequent Transfer Date, executed by the Trustee and the Depositor substantially in the form attached hereto as Exhibit I, by which Subsequent Loans are transferred to the Trust Fund.

  • Document Transfer Event As defined in the Pooling and Servicing Agreement.

  • Relevant Transfer means a transfer of employment to which the Employment Regulations applies;

  • Post-Event Transferee shall have the meaning set forth in Section 7(e) hereof.

  • Subsequent Transfer Agreement A Subsequent Transfer Agreement substantially in the form of Exhibit P hereto, executed and delivered by the Sellers, the Depositor and the Trustee as provided in Section 2.01(d).

  • Designated Payment/Transfer Office means (i) with respect to the initial Paying Agent/Registrar named herein, its office in Dallas, Texas, or at such other location designated by the Paying Agent/Registrar and (ii) with respect to any successor Paying Agent/Registrar, the office of such successor designated and located as may be agreed upon by the City and such successor.

  • Replacement Transaction means, with respect to any Terminated Transaction or group of Terminated Transactions, a transaction or group of transactions that (i) would have the effect of preserving for Party B the economic equivalent of any payment or delivery (whether the underlying obligation was absolute or contingent and assuming the satisfaction of each applicable condition precedent) by the parties under Section 2(a)(i) in respect of such Terminated Transaction or group of Terminated Transactions that would, but for the occurrence of the relevant Early Termination Date, have been required after that Date, and (ii) has terms which are substantially the same as this Agreement, including, without limitation, rating triggers, Regulation AB compliance, and credit support documentation, save for the exclusion of provisions relating to Transactions that are not Terminated Transaction, as determined by Party B in its sole discretion, acting in a commercially reasonable manner.

  • Subsequent Transferee has the meaning set forth in Section 4.06(b).

  • Subsequent Transfer Instrument Each subsequent transfer instrument, dated as of a Subsequent Transfer Date, executed by the Trustee and the Depositor substantially in the form of Exhibit L, by which Subsequent Mortgage Loans are sold to the Trust Fund.

  • Restricted Payment Transaction means any Restricted Payment permitted pursuant to Section 409, any Permitted Payment, any Permitted Investment, or any transaction specifically excluded from the definition of the term “Restricted Payment” (including pursuant to the exception contained in clause (i) and the parenthetical exclusions contained in clauses (ii) and (iii) of such definition).

  • Relevant Transfer Date means, in relation to a Relevant Transfer, the date upon which the Relevant Transfer takes place;

  • Subsequent Transfer Date With respect to each Subsequent Transfer Instrument, the date on which the related Subsequent Mortgage Loans are sold to the Trust Fund.

  • Pre-Event Transferee shall have the meaning set forth in Section 7(e) hereof.

  • Exempt Transfer means, in relation to shares held by a member:

  • Commitment Transfer Supplement means a document in the form of Exhibit 15.3 hereto, properly completed and otherwise in form and substance satisfactory to Agent by which the Purchasing Lender purchases and assumes a portion of the obligation of Lenders to make Advances under this Agreement.

  • Retail installment transaction means retail installment transaction as defined in section 2 of the retail installment sales act, Act No. 224 of the Public Acts of 1966, being section 445.852 of the Michigan Compiled Laws.

  • Subsequent Transaction has the meaning set forth in Section 1.08.

  • Co-Investment Transaction means any transaction in which one or more Regulated Funds (or its Wholly-Owned Investment Sub (defined below)) participated together with one or more Affiliated Funds and/or one or more other Regulated Funds in reliance on the Order.

  • Relevant Transaction has the meaning specified in Section 2.05(b)(ii).

  • Asset Transfer means a sale, lease, exclusive license or other disposition of all or substantially all of the assets of the Company.

  • Modified Commitment Transfer Supplement shall have the meaning set forth in Section 16.3(d) hereof.

  • credit transfer means a payment service for crediting a payee’s payment account with a payment transaction or a series of payment transactions from a payer’s payment account by the payment service provider which holds the payer’s payment account, based on an instruction given by the payer;

  • Private Placement Transaction means a “limited offering” as defined from time to time in Rule 17j-l under the 1940 Act or any applicable successor provision. Currently, this means an offering exempt from registration under the Securities Act of 1933 pursuant to Section 4(2) or 4(6) or Rule 504, 505 or 506 under that Act, including hedge funds.

  • Securitization Transfer The sale or transfer of some or all of the Mortgage Loans to a trust or other entity as part of a publicly-issued or privately-placed, rated or unrated mortgage pass-through or other mortgage-backed securities transaction.

  • Asset Transfer Agreement means the asset transfer agreement dated September 12, 2014 between Centurion Real Estate Opportunities Trust and Centurion Apartment REIT pursuant to which Centurion Apartment REIT seeded the initial portfolio of Centurion Real Estate Opportunities Trust.