Common use of Payment Settlement Clause in Contracts

Payment Settlement. The settlement account shall be each Customer’s designated funding account for all transactions. FIS shall charge the designated settlement account(s) for amounts owed to settle payments processed by FIS.

Appears in 1 contract

Samples: Information Technology Services Agreement (Independent Bank Corp)

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Payment Settlement. The settlement account shall be each Customer’s designated funding account for all xxxx payment transactions. FIS shall charge the designated settlement account(s) for amounts owed to settle payments processed by FIS.. 4.5

Appears in 1 contract

Samples: Information Technology Services Agreement

Payment Settlement. The settlement account shall be each Customer’s designated funding account for all transactions. FIS shall charge the designated settlement account(s) for amounts owed to settle payments processed by FIS.. 4.5 FIS shall have the right to suspension of all money movement activity if Client fails to comply with money transmitter licensing requirements. 4.6

Appears in 1 contract

Samples: Confidential Treatment (Independent Bank Corp)

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Payment Settlement. The settlement account shall be each Customer’s designated funding account for all xxxx payment transactions. FIS shall charge the designated settlement account(s) for amounts owed to settle payments processed by FIS.

Appears in 1 contract

Samples: Confidential Treatment (Bank of Marin Bancorp)

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