QPAY WPS PAYROLL SERVICE Sample Clauses

QPAY WPS PAYROLL SERVICE. QPAY operates a service that, among other things, can be utilized by Customer to make electronic salary payments to its Employees via a MasterCard Prepaid Payroll (“Card”) with a corresponding International Bank Account Number (“IBAN”) issued by United Bank Ltd, Qatar (“Bank”) under a No Objection Letter by the Qatar Central Bank. Payments made by Customer through QPAY’s WPS compliant system will be accomplished through a QPAY System generated Salary Information File (SIF), where employee funds shall be transferred to the Salary Funding Account (IBAN) to be maintained by the Bank and operated by QPAY. Only upon receipt of the funds and applicable required data, then QPAY shall credit the applicable Employee’s Card for the applicable salary payment.
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Related to QPAY WPS PAYROLL SERVICE

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