Common use of Payment Processing Services Clause in Contracts

Payment Processing Services. For payment processing services other than AribaPay: • If Customer enables the payment capability, then the “processing services” consist of payment processing services to settle payments between Customer and Customer’s suppliers, including every function of the payment capability related to the processing or transmission of payments or funds, the provision of any payment intermediary-related services, the debiting or crediting of bank accounts, holding funds, processing payments, issuing checks, holding account numbers, and/or otherwise acting as a payment processor. • Customer is responsible for providing accurate information in any payment instruction. • Once enabled, SAP’s role for the payment capability is to forward payment information from Customer to the payment processor and return status information to the Customer regarding the payments.