Payments Service Sample Clauses
Payments Service. This Service provides one mechanism for communicating Automated Clearing House (ACH) Entries, Fedwire wire transfer and internal book transfer requests to us. For Fedwire Wire Transfers and ACH credit payments initiated through our Payments Service:
(a) We require that you utilize the Service’s Dual Control functions unless you execute a waiver and indemnification agreement acceptable to us.
(b) We will notify you of the acceptance, execution or rejection of a Wire Transfer Order bymaking such information accessible to you online through the Service. You agree that such notice is acceptable under the applicable state’s version of the Uniform Commercial Code (“UCC”).
Payments Service. The Popmoney Payments Service (Popmoney Service) enables you use the Credit Union online banking service:
(1) to initiate a payment transaction from an Eligible Transaction Account to an account at a U.S. financial institution; and/or (2) to receive a payment transaction from another person into an Eligible Transaction Account, in U.S. dollars. Although the ACH Network is often used to execute Popmoney Service payment transactions, other Payment Networks may be used to facilitate the execution and transmission of payment transactions. All payment transactions must be made through the Credit Union online banking service and are subject to the terms of this Agreement. Receipt of payment transactions may be made through the Credit Union online banking service subject to the terms of this Agreement. However, in some instances, receipt of payment transactions may be made through ▇▇▇.▇▇▇▇▇▇▇▇.▇▇▇ (the “Popmoney Website”) and if you choose to initiate or receive a payment transaction at the Popmoney Website you agree that you shall be subject to the terms of other agreements, including, but not limited to, the “terms of use” for the Popmoney Website.
Payments Service. 3.1 We will provide the Payments Service in accordance with these Terms unless and until you or we terminate the supply of the Payments Service as set out herein or, in the case of a Member, until you or we delete your account or you otherwise cease to be eligible to access the Payments Service.
3.2 We reserve the right to modify the Payments Service from time to time. Where reasonably practicable to do so, we may give prior notice of any material modifications.
Payments Service. Users can create and manage invoices, bills, purchase orders, quotes, and sales orders, and process payments, including the ability to print a check, send a payment via check or ACH, and receive payments via ACH, credit and debit card (as further described in the Payments Service section).
Payments Service. This Service provides one mechanism for communicating Automated Clearing House (ACH) Entries, wire transfer and internal book transfer requests to us (see the FUNDS TRANSFER SERVICE section of this Agreement). For Wire Transfers and ACH credit payments initiated through our Payments Service: • We strongly recommend that you designate a minimum of two Authorized Users, and each such Authorized User’s authority and functions, in the Specifications. Authorized Users should exercise separate functions, with no single Authorized User allowed to both initiate and approve a transfer request. • We will notify you of the acceptance, execution or rejection of a Wire Transfer by making such information accessible to you online through the Service. You agree that such notice is acceptable under the applicable state’s version of the Uniform Commercial Code.
Payments Service. As a member of the FINSYNC Network, You will receive reports no less than quarterly on the payments volume processed on behalf of the business customers You referred to FINSYNC for the Payments Service.