Common use of ELECTRONIC REFERENCE VALIDATION Clause in Contracts

ELECTRONIC REFERENCE VALIDATION. i. CCT requires Electronic Reference Validation on all electronic/internet payments made by its clients to CCT. Every deposit/EFT must bear the 9-digit DI, therefore the bank’s system must meet the CDV Rule as listed in Appendix A2 paragraph 6. This DI is the only reference which must appear on CCT’s bank statement. CCT will award this service to more than one service provider.

Appears in 4 contracts

Samples: Memorandum of Agreement, Memorandum of Agreement, Memorandum of Agreement

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