Other Payment Services. In addition to the Zelle® Payment Service, we provide Other Payment Services. Other Payment Services allow you to send money to a Receiver if you provide the Eligible Account information and other contact information for the Receiver and the transaction otherwise cannot be sent through Zelle®. You also may use Other Payment Services to schedule a one-time payment to a Receiver for which processing will be initiated at a later specified date up to one (1) year in the future, or to schedule a recurring series of payments to a Receiver for which processing will be initiated on dates you specify. Other Payment Service payments are not instantaneous. Payment delivery speed may vary based upon the fraud, risk, and other funds availability policies of each financial institution and Payment Network availability. Although future-dated payments and recurring payments may be scheduled using Other Payments Services outside of Zelle®, we may ultimately send those transactions via Zelle® when the applicable date of payment arrives, and to the extent we use Zelle® to send the payment transaction, the transaction is part of the Zelle® Payment Service, not the Other Payment Services.
Appears in 4 contracts
Samples: Agreement and Disclosure Statement for Electronic Banking Services, Agreement and Disclosure Statement for Electronic Banking Services, Agreement and Disclosure Statement for Electronic Banking Services
Other Payment Services. In addition to the Zelle® Zelle Payment Service, we provide Other Payment Services. Other Payment Services allow you to send money to a Receiver if you provide the Eligible Account information and other contact information for the Receiver and the transaction otherwise cannot be sent through Zelle®. You also may use Other Payment Services to schedule a one-time payment to a Receiver for which processing will be initiated at a later specified date up to one (1) year in the future, or to schedule a recurring series of payments to a Receiver for which processing will be initiated on dates you specify. Other Payment Service payments are not instantaneous. Payment delivery speed may vary based upon the fraud, risk, and other funds availability policies of each financial institution and Payment Network availability. Although future-dated payments and recurring payments may be scheduled using Other Payments Services outside of Zelle®, we may ultimately send those transactions via Zelle® Zelle when the applicable date of payment arrives, and to the extent we use Zelle® Zelle to send the payment transaction, the transaction is part of the Zelle® Zelle Payment Service, not the Other Payment Services.
Appears in 2 contracts
Samples: Agreement and Disclosure Statement for Electronic Banking Services, Agreement and Disclosure Statement for Electronic Banking Services
