Execution of Payment Transactions. (1) When you give us a Payment Order for immediate execution, the money will normally be taken from your Account on the same Business Day we receive your Payment Order provided we have received your instruction by cut-off time on that Business Day. If we have not received your Payment Order by then it shall be deemed to have been received on the next Business Day. We have previously provided you with our cut-off times. Any changes to our cut-off times will be notified to you at least one month in advance of the change taking effect.
(2) When you give us a Payment Order and agree with us that the Payment should be executed at some future specific date, the money will normally be taken from your Account on the day agreed for execution of the Payment Order. If the day agreed is not a business day, the Payment Order shall be executed on the next Business Day.
(3) If we refuse to allow any withdrawal, or make any payment, from your Account, we will take all reasonable steps to inform you of our reasons for doing so and the procedure for rectifying any factual errors that led to our refusal. Fees may be payable for contacting you with this information. However, we will be under no obligation to contact you where this would compromise our security measures or is otherwise unlawful.
(4) You can instruct us to stop a payment from your Account by contacting us using any of the methods of communication agreed between us. If you are stopping a direct debit you must also tell the person to whom the direct debit is payable. Fees may be payable for requesting us to stop payments from your Account. After we receive your instruction, we will stop the payment, provided that:
a) the payment has not already been made;
b) you give us sufficient details and time to process your request;
c) it is not a cash payment, counter cheque or banker’s draft; or
d) if it is an advance Payment Transaction (such as a direct debit or standing order) you instruct us to cancel the payment no later than the day before the payment is due.
Execution of Payment Transactions. When you give us a Payment Order the money will be taken from your Account on the Debit Value Date specified in your Payment Order. On request we can provide you with a) the maximum execution time; b) the Fees payable in respect of the Payment Order; and c) where applicable, a breakdown of the amounts of such Fees. If you do not specify a Debit Value Date, then we will commence the execution of the Payment Transaction on the same day that we receive your Payment Order, provided that if we do not receive the Payment Order on a Business Day or if we receive it after the relevant Cut-off Time, then unless agreed otherwise we are deemed to have received the Payment Order on the following Business Day.
Execution of Payment Transactions. The sums credited to the Payment Account will be transferred automatically to the bank account of the Seller – less fees owed by the Seller under this Framework Agreement – as soon as the following conditions are met: The purchased good for which the sums have been payed has been delivered to the Buyer according to the delivery service; and The 14 days withdrawal period has expired without the Buyer executing his right of withdrawal. As soon as these conditions are met, the Service Provider will transfer the respective amount from the Payment Account to the Seller’s bank account automatically and without the requirement of the Seller’s further activity.
Execution of Payment Transactions. The sterling sums credited to the Payment Account will be held in a specified client account held at the Bank, after the deduction of any fees payable by the User under this Framework Agreement. Any payment instructions from the User that are received by the Service Provider will be deemed to have been received upon receipt of those instructions. Where the receiving bank is located within the United Kingdom or another country in the European Economic Area, the payment will be credited to the payee's account by the end of the next business day following receipt of your payment instructions. Where payments are made to a receiving bank outside the European Economic Area, the Service Provider will provide an indication of when the payment should be received although the actual date of receipt will depend on banking practices in the relevant country. Once a User has given an instruction for a Payment Transaction, the User may withdraw their consent to the execution of the relevant payment transaction at any time on the Business Day that the payment instruction was received by the Service Provider. Payment Transactions will be executed in the currency notified to you before each relevant transaction takes place and your continuing with any Payment Transaction shall amount to your acceptance of the use of that currency.
Execution of Payment Transactions. 11.1 For the execution of Payment Transactions from and to the Account the Customer shall provide Credit Europe with the information requested by Credit Europe. The Customer shall comply at all times with Credit Europe’s guidelines for executing Payment Transactions.
11.2 The Customer shall provide his consent for each Payment Transaction by providing the information as set out in Article 11.1 by the duly Authorized Representative(s) as referred to in Article 4 or, if applicable, Article 5.
11.3 Credit Europe is not obliged to check the correctness of account information, bank identification code, account number and address of the payee as submitted by the Customer for the execution of a Payment Transaction.
11.4 In case of a Payment Transaction from or to the Account in a currency different than the currency of the designated Account, Credit Europe will convert the funds of the Payment Transaction at the rate as agreed between the Customer and Credit Europe or, when no rate has been agreed, the prevailing rate of Credit Europe at the moment the Payment Transaction is executed.
Execution of Payment Transactions. 7.1. In order to make a payment transaction, the User, having electronically logged in using the server address specified by the Institution and using the Means of Identification, shall instruct the Institution regarding the execution of a particular payment transaction, and shall provide the Unique Identifier and/or other information required by the Institution. The Order and the payment transaction data are submitted electronically prior to the execution of the payment transaction. Other submission methods are only possible on the basis of a separate agreement between the Client and the Institution. The submission of the Order is deemed to be the consent of the User to authorize the payment transaction. Until the execution of the Order, the User has the right to cancel the payment transaction following the same procedure.
7.2. The Client agrees with the fact that the Institution, when executing the Client’s Order and the payment transaction, transfers the data related to the Client, his personal and other data, the Order and the payment transaction to third parties related to the execution of the Order and the payment transaction.
7.3. The Institution has the right to refuse to execute the Order and payment transaction and to start the inspection if the Institution has any suspicions that the Order and payment transaction may violate or violate this Agreement, any other agreements between the Client and the Institution, and/or legal acts, or there are suspicions that the Order was not submitted by the Client or his legal representative, illegal funds may be used for execution of the Order, if there are insufficient data or other deficiencies in the Order, as well as in the failure of interbank and/or other financial systems, there are other unusual market conditions, important technical or other reasons, or the risk associated with the execution of the Order is too high and unacceptable to the Institution.
7.4. The Institution shall credit the funds to the Account and debit the Account according to the Unique Identifier specified in the Order received by the Institution. If, in addition to the Unique Identifier, the Order contains additional information, the Institution is only responsible for the execution of a payment transaction in accordance with the Unique Identifier specified in the Order. The Institution has the right not to check whether the Unique Identifier is in compliance with the Account holder’s name and surname. If the Institution carries ...
Execution of Payment Transactions. The End Customer may, within the limits set out in these ToU, issue and receive Payment Transactions. These Payment Transactions may or may not be linked to E-money. The execution of a Payment Transaction implies, on the part of the End Customer, the transmission of an Order to SWAN. To transmit an Order, the End Customer must first authenticate themselves using the Personal Strong Authentication Device. Before transmitting an Order, it is the End Customer's responsibility to ensure that they have sufficient funds in their Account to cover the amount of the Payment Transaction concerned and any related fees, as agreed in the pricing conditions attached hereto. Where applicable, it is up to the End Customer to fund their Account under the conditions provided for in Article 5.2.1 hereof, before the Order can be validly transmitted to SWAN for execution. The Order is likely to be refused if the balance of the Account is lower than the amount of the Payment Transaction (including fees) on the date of execution of the Order by XXXX. Orders are executed within one (1) Business Day of transmission of the Order (and on the agreed execution date for forward or standing Orders). Any Order sent to SWAN after 9:00 p.m. is deemed to be sent on the following Business Day. If this transmission takes place outside a Business Day, the Order is deemed to have been transmitted on the following Business Day. As an exception, Orders to execute Payment Transactions between two Swan Accounts are executed on the same day, in real time. The execution of an Order may be suspended by Xxxx for the time necessary to conduct further checks. Swan may contact the End Customer to obtain information about the Payment Transaction and may request supporting documentation relating to the Payment Transaction.
Execution of Payment Transactions. The sums credited to the Payment Account will be transferred automatically to the bank account of the Seller – less fees owed by the Seller under this Framework Agreement – as soon as the following conditions are met: − The purchased good for which the sums have been payed has been delivered to the Buyer according to the delivery service; As soon as these conditions are met, the Service Provider will transfer the respective amount from the Payment Account to the Seller’s bank account automatically and without the requirement of the Seller’s further activity.
Execution of Payment Transactions. 6.1. Prior to the execution of the Payment Transaction initiated by the Client the Institution shall provide the Client with information on the maximum execution time for the Payment Transaction,
Execution of Payment Transactions. 11.1 For the execution of Payment Transactions the Customer shall provide Credit Europe with all information requested by Credit Europe. The Customer shall comply at all times with Credit Europe’s instructions for executing Payment Transactions.
11.2 The Customer shall provide his consent for each Payment Transaction by providing the information set out in the instructions referred to in Article 11.1 by the duly Authorized Representative(s) as referred to in Article 5.
11.3 Credit Europe is not obliged to check the correctness of account information, bank identification code, account number and address of the payee as submitted by the Customer for the execution of a Payment Transaction.
11.4 In case of a Payment Transaction in a currency which is different from the currency of the designated Account, Credit Europe will automatically convert the funds of the Payment Transaction at the prevailing rates of Credit Europe at the time of execution of the Payment Transaction.
