Bill Xxxment Services - Back-End Processing Sample Clauses

Bill Xxxment Services - Back-End Processing a. Accurate payment data, including End User account number and payment information, provided by End users in files supplied to the Processing Agent, will be taken through a batch interface from nFront each business day during the late evening hours (Day 0). The payment transactions will be processed the following day (Day 1) after the transaction was initiated by the End User. On Day 1, Processing Agent will initiate ACH debits and credits. Credits may be sent via check, electronic transmissions, or ACH to vendor payees. All debits and credits are sent on Day 1. b. Processing Agent will handle Funds Transfer in accordance with End User payment instructions activated in accordance with paragraph 5 (a). Processing Agent will supply and transmit to the sponsoring Bank payment information for debit against End User account. The initiation of this transfer occurs on Day 1. The End User account is debited on Day 2. c. Processing Agent will handle End User inquiries regarding payments made on behalf of End User to Vendor payees. Customer Service is available from 7 a.m. to 7 p.m. Monday through Friday and
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Related to Bill Xxxment Services - Back-End Processing

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