Common use of Fund availability confirmation Clause in Contracts

Fund availability confirmation. 8.7.1. The Bank shall immediately confirm, at the request of a payment service provider issuing card- based payment instruments, if an amount required in order to execute a card-based payment operation is available in the Paying Customer's Current Account, provided that all following conditions are met: a) The Customer's Current Account is accessible online at the time of the request; b) The Customer has given his/her explicit consent to the Bank to respond to requests from a certain payment service provider regarding the confirmation that the amount corresponding to a certain card-based payment operation is available in his/her Account accessible online; c) the consent referred to under pt. b) above was granted before the first request for confirmation was made. 8.7.2. The confirmation referred to above does not allow the Bank to block funds in the Paying Customer's Current Account. 8.7.3. The Paying Customer may request the Bank to communicate the identity of the payment service provider and the answer provided.

Appears in 5 contracts

Samples: Framework Agreement, Framework Agreement, Framework Agreement

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Fund availability confirmation. 8.7.1. The Bank shall immediately confirm, at the request of a payment service provider issuing card- card-based payment instruments, if an amount required in order to execute a card-based payment operation is available in the Paying Customer's Current Account, provided that all following conditions are met: a) The Customer's Current Account is accessible online at the time of the request; b) The Customer has given his/her explicit consent to the Bank to respond to requests from a certain payment service provider regarding the confirmation that the amount corresponding to a certain card-based payment operation is available in his/her Account accessible online; c) the consent referred to under pt. b) above was granted before the first request for confirmation was made. 8.7.2. The confirmation referred to above does not allow the Bank to block funds in the Paying Customer's Current Account. 8.7.3. The Paying Customer may request the Bank to communicate the identity of the payment service provider and the answer provided.

Appears in 4 contracts

Samples: Framework Agreement, Framework Agreement, Framework Agreement

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