Common use of Payment transaction Clause in Contracts

Payment transaction. A payment transaction is an act initiated by a payer, on behalf of a payer or by a payee for the purpose of making payments or transfer- ring or withdrawing funds with no regard being taken to any underly- ing obligations between the payer and the payee. This could, for example, be an order for payment ortransfer from a payment account placed by users in Netbank, or by the payee pursuant to agreement with the customer.

Payment transaction. A payment transaction is an act act, initiated by a payer, on behalf of a the payer or by a payee for the purpose payee, of making payments or transfer- ring placing, transferring or withdrawing funds with no regard being taken to any underly- ing obligations between funds, irrespective of the payer payer’s and the payee. This could, for example, be an order for payment ortransfer from a payment account placed by users in Netbank, or by ’s underlying obligations on which the payee pursuant to agreement with the customertransaction is based.

Payment transaction. A payment transaction is an act An act, initiated by a payer, on behalf of a the payer or by a payee for the purpose payee, of making payments or transfer- ring placing, transferring or withdrawing funds with no regard being taken to funds, irrespective of any underly- ing underlying obligations between the payer and the payee. This could, for example, be an order for payment ortransfer from a payment account placed by users in Netbank, or by the payee pursuant to agreement with the customer.;

Payment transaction. A payment transaction is an act initiated by a payer, on behalf of a payer or by a payee for the purpose of making payments or transfer- ring or withdrawing funds with no regard being taken to any underly- ing obligations between the payer and the payee. This could, for example, be an order for payment ortransfer from a payment account placed by users the customer in Netbank, or by the payee pursuant to agreement with the customer.