Clearing of Transactions. The Planet Payment Platform will prepare the Transactions received by Planet Payment’s authorization host prior to the agreed daily cut off time for clearing to the appropriate Card Association through Planet Payment’s end points. All Transactions received by Planet Payment’s authorization host will be cleared to the appropriate Card Association utilizing the appropriate BIN and ICA, in the manner provided herein. The Acquirer Merchant will not initiate batch close on POS and POS will not forward transaction batches to the Planet Payment Platform.
Clearing of Transactions. With respect to the various Transactions executed by the Bank pursuant to these Terms for the Customer, the Customer shall settle the Transaction in the manner specified in the relevant product prospectus, Indicative Term Sheet, or Transaction Notice for Investment Products (including, without limitation, the Settlement Date or location of settlement). The Customer shall pay any applicable fees (including, without limitation, charges of the Bank and transfer fees), commissions, levies, stamp duties, interest and other essential expenses or costs arising from the Account(s) or any Instruction or any Transaction or otherwise.
Clearing of Transactions
