Common use of Other Payment Services Clause in Contracts

Other Payment Services. You may initiate a Payment Instruction via Other Payment Services using the Receiver’s Eligible Account information. If you request a one- time Payment Instruction to be initiated on a specified future date or a recurring series of Payment Instruction to be initiated on specified future dates, then the processing of the Payment Instruction will begin on the specified date and the debiting of your Eligible Account will occur as early as the specified date(s). However, depending on the options made available to you in the Other Payment Services application, you and the Receiver should not expect the payment funds to be transferred into the Receiver’s Eligible Account any earlier than the next Business Day following the specified date.

Other Payment Services. You may initiate a Payment Instruction via Other Payment Services using the Receiver’s Eligible Account information. If you request a one- time Payment Instruction to be initiated on a specified future date or a recurring series of Payment Instruction to be initiated on specified future dates, then the processing of the Payment Instruction will begin on the specified date and the debiting of your y our Eligible Account will occur as early as the specified date(s). However, depending on the options made available to you in the Other Payment Services application, you and the Receiver should not expect the payment funds to be transferred into the ReceiverReceiv er’s Eligible Account any earlier than the next Business Day following the specified date.