ACH Payments. We receive data files every day from the Federal Reserve with Automated Clearing House (ACH) transactions. These include, for example, automatic bill payments you have authorized. ACH transactions for your account are posted throughout the day.
ACH Payments. You receive data files every day from the Federal Reserve with Automated Clearing House or ACH transactions. These include, for example, automatic bill pays I have signed up for. Each day, ACH transactions for my account are grouped together and paid in low to high dollar value order. • Point of Sale (POS) Debit Card Transactions. These are transactions where I use my debit card and I enter my PIN number at the time of the sale. They are similar to ATM withdrawals because money is usually deducted from my account immediately at the time of the transaction. However, some POS transactions are not presented for payment immediately; it depends on the merchant. • Signature Debit Card Transactions. These are transactions where I make a purchase with my debit card and I do not enter my PIN but I am instead asked to sign for the purchase. As described above, in these situations, the merchant may seek prior authorization for the transaction. When that happens, you generally place a temporary hold against the available funds in my account. You refer to this temporary hold as an “authorization hold,” and the amount of the authorization hold will be subtracted from my available balance. Authorizations are deducted from my available balance but not my actual balance as they are received by you throughout each day. At some point after I sign for the transaction, it is processed by the merchant and submitted to you for payment. This can happen hours or sometimes days after I signed for it, depending on the merchant and its processing company. These payment requests are received in real time throughout the day and are posted to my account as they are received. Please note: the amount of an authorization hold may differ from the actual payment because the final transaction amount may not yet be known to the merchant when the authorization request is submitted. For example, if I use my card at a restaurant, a hold will be placed in the amount of the bill presented to me, but when the transaction posts it will include any tip that I may have added to the bill. This may also be the case where I swipe my debit card at gas stations and hotels and other retail establishments. You cannot control how much a merchant asks us to authorize, or when a merchant submits a transaction for payment. This is a general description of how certain types of transactions are posted. These practices may change and you reserve the right to pay items in any order you chose as permitted by law. I ma...
ACH Payments. The Awardee consents to the use of the Automated Clearing House (ACH) Payment System and to the deposit of award funds directly into the Pledged Deposit Account.
ACH Payments. This Agreement is subject to Article 4A of the Uniform Commercial Code (“UCC”). By agreeing to this Agreement, if you have provided us your Account (as defined below) information, you authorize us, acting directly or indirectly on behalf of or through, any third party administrator, health care coalition, health plan carrier, or other third party carrier or payer (each a “Third Party Payer”), or any individual consumer or other person (an “Individual Payer” and collectively “Payers”), to credit or debit the account(s) listed on your Enrollment Form (the “Account” or “Accounts”) in connection with processing transactions between you and any Payer(s). We may rely upon Account information and identifying numbers provided by you on the Enrollment Form to receive payment. We may rely on the routing and account numbers you provided even if they identify a financial institution, person or account other than the one named on the Enrollment Form. You agree to comply with all applicable laws, rules and guidelines related to electronic funds transfers, including without limitation, Article 4A of the UCC and the operating rules and regulations of the National Automated Clearinghouse Association. These rules provide, among other things, that payments made to you, are provisional until final settlement is made through a Federal Reserve Bank or payment is otherwise made as provided in Article 4A-403(a) of the UCC. If we do not receive such payment, we are entitled to a refund from you in the amount credited to your Account and the Payer that originated or instructed such payment will not be considered to have paid the amount so credited. We are not required to give you any notice of debits or credits to your Accounts. We may make adjustments to your Accounts whenever a correction or change is required. For example, if we make an error with respect to your Account, you agree that we may correct such error immediately and without notice to you. Such errors may include, but are not limited to, reversing an improper credit to your Account, making adjustments for returned items, and correcting calculation and input errors. Our right to make adjustments shall include the right to offset amounts you owe us or a Payer against future amounts payable to you and shall not be subject to any limitations or time constraints, except as required by law.
ACH Payments. Capitalized terms used in this Section 4 that are not otherwise defined have the meanings assigned in the National Automated Clearing House Association (“NACHA”) rules (“NACHA Rules”). By initiating ACH transactions, you specifically adopt and makes to us all representations and warranties of an Originator under the NACHA Rules, including that you will not initiate Entries in violation of the NACHA Rules or applicable law. You acknowledge that you have access to a copy of the Rules, available at xxxx://xxx.xxxxx.xxx/rules, which are incorporated by reference into this agreement. We may suspend or terminate your ability to make ACH payments if you fail to comply with the NACHA Rules, including disputes or unauthorized transactions arising from your use of the ACH network. We reserve the right to audit your compliance with the NACHA Rules and the ACH-related terms of this Agreement.
ACH Payments. We process most payment checks electronically. We use the information on your check to create an electronic funds transfer. Each time you send a check, you authorize a one-time electronic funds transfer. You also authorize us to process your check as a check or paper draft, as necessary. Funds may be withdrawn from your account as soon as the same day we receive your payment. The original check or other document that you send to us will not be retained, but a copy will be available if requested. Total Minimum Payment Due You may pay your total outstanding balance at any time. Each Billing Cycle, you must pay at least the Total Minimum Payment Due shown on your monthly statement by its Payment Due Date. The Total Minimum Payment Due is the sum of all past due amounts plus the Current Payment. The Current Payment for each Billing Cycle is 3.00% of your balance (including new interest charges and late fees) rounded up to the nearest dollar, plus amounts over your credit limit. Your current Payment will not be less than $20.00. The Total Minimum Payment Due will not be greater than your New Balance Total. If a payment is credited to your account but is returned unpaid in a later Billing Cycle, we will recalculate the Total Minimum Payment Due for the Billing Cycle in which the payment was originally credited.
ACH Payments. Bank will process ACH payments requested by Account Holders who have submitted an ACH Authorization Form to the client through payment profiles established by the client on the Lockbox system. Payments will be submitted for settlement on the designated due date established and provided to the Account Holder in advance by the Client. The Client designated deposit account will be credited on the settlement date for the sum of the entries. Credit underwriting will be performed in order to establish an ACH exposure limit for each Client receiving settlement credit.
ACH Payments. Borrower shall separately set up an automatic clearing house payment structure in favor of Lender, satisfactory to Lender. Debits from such an account shall not constitute a set-off.
ACH Payments. If you elect to have the payment for an entry in your Data File made by ACH, you will be the originator of the ACH entry that the Bank creates from your Data File, whether such payment data is transmitted to the Bank through secure file transfer protocol ("FTP") or through Online Banking. In order to elect ACH payments as part of the Integrated Payables Service, the Bank must have agreed to provide you ACH Origination Service and you must have a signed Commercial Online Banking Appendix. Each ACH entry created in accordance with your integrated payables data file will be settled to one of the settlement accounts designated in your Appendix. Except as otherwise provided in this Integrated Payables Service Schedule, the terms and conditions for the ACH Origination Service will govern each entry which, in accordance with your integrated payables data file, the Bank creates, formats and transmits to settle through ACH, including without limitation, those relating to exposure limits and delays or suspension of processing.
ACH Payments. It is the City’s policy to pay its Consultant invoices via electronic funds transfers through the automated clearing house (ACH) network. To initiate payment of invoices, Consultants shall execute the City’s standard ACH Vendor Payment Authorization Agreement and provide required documentation. Upon verification of the data provided, the Payment Authorization Agreement will authorize the City to deposit payments directly into Consultant’s accounts with financial institutions. All payments shall be in United States currency.
