Common use of Nuapay Payment Accounts Clause in Contracts

Nuapay Payment Accounts. Nuapay may issue You with one or more Nuapay payment accounts. Nuapay will carry out a number of You due diligence checks based on the information provided by You. Nuapay may export Your Data to external suppliers such as credit reference bureau in order to meet Nuapay’s regulatory requirements in respect of providing the services required by You. Based on the outcome of You due diligence checks Nuapay and/or We may decide not to provide the services requested by You and may not issue a payment account. Nuapay may impose operational limits which may include, but not limited to, limitations on the value or volume of Transactions processed or may require a reserve balance to be held on the issued account. You will be notified should any such limits be required prior to the commencement of the provision of the requested services or any issued account being opened. Nuapay, acting reasonably, and solely in regards the Nuapay Services retains the right to amend or add any limitations applied to the services being used or the use of a Nuapay account at any time. A minimum of two (2) months’ notice will be given to You should such a review impose more restrictive limits, such as a higher minimum balance to be held on the initial account. Where a review produces an outcome which is deemed beneficial to You the revised limits will be applied immediately. You can request a review of any limits at any time. Nuapay and /or We may withdraw access to the Nuapay Services and any Your Nuapay account or modify any limits imposed on this account if any reasonable grounds that Your use of the Services is either inappropriate or unlawful use is detected for example, but not limited to, use of the account for money laundering, terrorist funding, the transfer of money to sanctioned parties, using the service in a way that is not compliant with the Scheme Rules that apply to the payment being processed or using the service in a way that increases the risk of payment failures occurring when compared to the business model agreed at the time of signing this Agreement. Where issued You will operate their Nuapay payment account(s) in line with the following conditions.

Nuapay Payment Accounts. Nuapay may issue You with one or more Nuapay payment accounts. Nuapay Xxxxxx will carry out a number of You due diligence checks based on the information provided by You. Nuapay may export Your Data to external suppliers such as credit reference bureau in order to meet Nuapay’s regulatory requirements in respect of providing the services required by You. Based on the outcome of You due diligence checks Nuapay and/or We may decide not to provide the services requested by You and may not issue a payment account. Nuapay may impose operational limits which may include, but not limited to, limitations on the value or volume of Transactions processed or may require a reserve balance to be held on the issued account. You will be notified should any such limits be required prior to the commencement of the provision of the requested services or any issued account being opened. NuapayXxxxxx, acting reasonably, and solely in regards the Nuapay Services retains the right to amend or add any limitations applied to the services being used or the use of a Nuapay account at any time. A minimum of two (2) months’ notice will be given to You should such a review impose more restrictive limits, such as a higher minimum balance to be held on the initial account. Where a review produces an outcome which is deemed beneficial to You the revised limits will be applied immediately. You can request a review of any limits at any time. Nuapay and /or We may withdraw access to the Nuapay Services and any Your Nuapay account or modify any limits imposed on this account if any reasonable grounds that Your use of the Services is either inappropriate or unlawful use is detected for example, but not limited to, use of the account for money laundering, terrorist funding, the transfer of money to sanctioned parties, using the service in a way that is not compliant with the Scheme Rules that apply to the payment being processed or using the service in a way that increases the risk of payment failures occurring when compared to the business model agreed at the time of signing this Agreement. Where issued You will operate their Nuapay payment account(s) in line with the following conditions.

Nuapay Payment Accounts. Nuapay Supplier may issue You Client with one or more Nuapay payment accountsPayment Accounts. Nuapay Supplier will carry out a number of You due diligence Customer Due Diligence checks based on the information provided by YouClient. Nuapay Supplier may export Your Data Client data to external suppliers such as credit reference bureau in order to meet NuapaySupplier’s regulatory requirements in respect of providing the services required by You. Based on the outcome of You due diligence the Customer Due Diligence checks Nuapay and/or We Supplier may decide not to provide the services requested by You and may not issue a payment account. Nuapay account or may impose operational limits which may include, but not limited to, include limitations on the value or volume of Transactions transactions processed or may require a reserve minimum balance to be held on the issued account. You Client will be notified should any such limits be required prior to the commencement of the provision of the requested services or any issued account being opened. Nuapay, acting reasonably, and solely in regards the Nuapay Services Supplier retains the right to amend or add any limitations applied to the services being used or the use of a Nuapay account at any time. A minimum of two (2) 2 months’ notice will be given to You Client should such a review impose more restrictive limits, such as a higher minimum balance to be held on the initial account. Where a review produces an outcome which is deemed beneficial to You Client the revised limits will be applied immediately. You Client can request a review of any limits at any time. Nuapay payment accounts may be used only for payment processing in terms of affecting the electronic transfer of funds to or from a Nuapay account with an account held at a separate financial institution. Online access to the account is provided to allow Client to initiate or control payments as well as to monitor and /or We manage the status and balance of funds held on the account. Supplier may withdraw access to the Nuapay Services and any Your Client’s Nuapay account or modify any limits imposed on this account if any reasonable grounds that Your use of the Services is either inappropriate or unlawful use is detected for example, but not limited to, use of the account for money laundering, terrorist funding, the transfer of money to sanctioned parties, using the service in a way that is not compliant with the Scheme Rules scheme rules that apply to the payment being processed or using the service in a way that increases the risk of payment failures occurring when compared to the business model agreed at the time of signing this Agreement. Where issued You will operate their Nuapay payment account(s) in line with the following conditionsagreement.

Nuapay Payment Accounts. Nuapay Nuap ay may issue You with one or more Nuapay payment accounts. Nuapay Nuap ay will carry out a number of You due diligence checks based on the information provided by You. Nuapay Nuap ay may export Your Data to external suppliers sup pliers such as credit reference bureau in order to meet NuapayNuap ay’s regulatory requirements reg ulatory req uirements in respect of providing the services required req uired by You. Based on the outcome of You due diligence checks Nuapay and/or Nuap ay an d/or We may decide not to provide the services requested req uested by You and may not issue a payment account. Nuapay Nuap ay may impose operational limits which may include, but not limited to, limitations on the value or volume of Transactions processed or may require req uire a reserve balance to be held on the issued account. You will be notified should any such limits be required req uired prior to the commencement of the provision of the requested services or any issued account being opened. NuapayNuap ay, acting reasonably, and solely in regards the Nuapay Nuap ay Services retains the right to amend or add any limitations applied ap plied to the services being used or the use of a Nuapay account at any time. A minimum of two (2) months’ notice will be given to You should such a review impose more restrictive limits, such as a higher minimum balance to be held on the initial theinitial account. Where a review produces an outcome which is deemed beneficial xxx xxxxxxx to You the revised limits will be applied immediately. You can request req uest a review of any limits at any time. Nuapay Nuap ay and /or We may withdraw access to the Nuapay Nuap ay Services and any Your Nuapay account or modify any limits imposed on this account if any reasonable grounds that Your use of the Services is either inappropriate or unlawful use is detected for example, but not limited to, use of the account for money laundering, terrorist funding, the transfer of money to sanctioned parties, using the service in a way that is not compliant with the Scheme Rules that apply to the payment being processed or using the service in a way that increases the risk of payment failures occurring when compared to the business model agreed at the time of signing this Agreement. Where issued You will operate their Nuapay Nuap ay payment account(s) in line with the following conditions.