Common use of Open Banking Clause in Contracts

Open Banking. We shall use its reasonable endeavours to provide a link to the software domain controlled by a third party supplier (Nuapay) from which Your user may instigate an open banking transaction, (the “Open Banking Transaction”) In this scenario the third party supplier shall act as a Payment Initiation Service Provider (PISP) We shall not be responsible for such transactions, other than in any period where the transaction is routed through the Payment Services Platform or other payment gateway infrastructure operated by We, and other than for such period the transaction shall be deemed as out of scope. Your use of the software service provided by the PISP shall be subject to the terms and conditions set out in Annex 1 below The charge for an Open Banking Transaction shall be as indicated on the Statement of Work. In this Annex 1: We, means the company PayFac Limited whose company number is 03539217) with its principal place of business at 00 Xxxxxxx Xxxxxx, London, EC2V 7NQ and who is authorised by the Financial Conduct Authority (FCA) of the UK as an Authorised Payment Institute with Firm Registration Number. FCA FRN 835764. EML Group of companies means a company which is a member of EML PLC and shall be construed accordingly Nuapay means the company Sentenial Limited, trading as Nuapay, incorporated and registered in the UK with company number 6566456 having its registered address as 4th Floor 00 Xxxxx Xx. Xxxxx'x, Xxxxxx, Xxxxxxx, XX0X 0XX Nuapay Services means the software services as set out in the Statement of Work which provide the ability for the You to offer its users the ability to instigate an open banking payment transaction.

Open Banking. We shall use its reasonable endeavours en xxxxxxxx to provide a link to the software domain controlled by a third party supplier sup plier (Nuapay) from which Your user may instigate an open banking transaction, (the “Open Banking Transaction”) In this scenario the third party supplier shall act as a Payment Initiation Service Provider (PISP) We shall not be responsible for such transactions, other than in any period where the transaction is routed through the Payment Services Platform or other payment gateway infrastructure operated by We, and other than for such period the transaction shall be deemed as out of scope. Your use of the software service provided by the PISP shall be subject to the terms and conditions set out in Annex 1 below The charge for an Open Banking Transaction shall be as indicated on the Statement of Work. In this Annex 1: We, means the company PayFac Limited whose company number is 03539217) with its principal place of business at 00 Xxxxxxx Xxxxxx, LondonLo ndon, EC2V 7NQ and who is authorised by the Financial Conduct Authority (FCA) of the UK as an Authorised Payment Institute with Firm Registration Number. FCA FRN 835764. EML Group of companies means a company which is a member of EML PLC and shall be construed accordingly Nuapay Nuap ay means the company Sentenial Limited, trading as NuapayNuap ay, incorporated and registered in the UK with company number 6566456 having its registered address as 4th Floor 00 Xxxxx Xx. Xxxxx'x, Xxxxxx, Xxxxxxx, XX0X 0XX Nuapay Nuap ay Services means the software services as set out in the Statement of Work which provide the ability for the You to offer its Your users the ability to abilityto instigate an open banking payment transaction.