Recurring Payment. You may schedule payments to Payees to be automatically initiated for a fixed amount on a scheduled payment frequency. Choose the option next to the Payee that says Make it Recurring to schedule your recurring payment. You may make payments weekly, biweekly, semi-monthly, monthly, quarterly, semi-annually, or annually. If the Scheduled Payment Date does not exist in a certain month, then the payment will be initiated on the last Business Day of the month. For example, if you schedule a payment for the 30th of each month, your payment for the month of February will be initiated on or before the last day of February. When establishing a recurring payment, you may elect to choose for the payment to Pay Before or Pay After a scheduled date that falls on a holiday or weekend. • When we receive a Payment Instruction, you authorize us to debit your Payment Account and remit funds to the Payee on your behalf. Before an electronic payment is processed, available funds will be verified and withdrawn from your account. Bill Payments will be attempted at the established Cutoff Times depending on when the payment was established. If the payment cannot be processed due to insufficient funds, Bill Pay will attempt to pay the bill for three business days. An email will be generated when the payment cannot be processed due to insufficient funds. If the payment cannot be paid at the end of the three business days, the payment will be automatically canceled, and you will be required to set up the payment again. You will receive an email notification if a Bill Payment has been canceled due to insufficient funds. • We can process a Bill Payment when the Scheduled Payment Date has been scheduled prior to the established Cutoff Times on any Business Day. If you schedule a Bill Pay after the established Cutoff Times, we will process the transaction on our next business day. If you schedule a Bill Payment for a future date, we will process the transaction on that date, if that day is a business day. If the date you request for a future Bill Pay is not a business day, we will process the transaction based on the Pay Before or Pay After designation you selected. If you schedule a recurring Bill Pay and the transfer date does not exist in a month, the Bill Pay will be processed on the last business day of that month. • Bill Payments will be processed at established Cutoff Times on business days. It is anticipated that most transactions will be processed by the next Business Day after...
Recurring Payment. If the Transmit Date for any Recurring Payment falls on a day other than a business day or is a day that does not exist for the specified recurring period, then the Transmit Date for that Recurring Payment will be rescheduled on the next following business day of the specified period. For example, if the 5th day of each month is normally the Transmit Date for a Recurring Payment, and in one month during the recurring period the 5th falls on a Saturday, then the Transmit Date for the Recurring Payment to be made for that month would be the 7th day of the month (provided that the 7th is a business day). Differences in the days of the week may reduce the number of business days between your scheduled Transmit Date and your Due Date in any specified recurring period. In order to ensure that your Recurring Payments always allow at least five (5) business days between the Transmit Date and the Due Date, we recommend that you schedule the Transmit Date for each Recurring Payment to be at least ten (10) calendar days prior to your Due Date. Please note that the Payment Guarantee described below does not apply to a Recurring Payment if, for that specific Payment, there are not at least five (5) business days, or two (2) business days in the case of Payments that may be remitted electronically, between the Transmit Date and the Due Date.
Recurring Payment. If you want to permanently stop all recurring payments to a specific merchant, you may be required to put your request in writing and email it to Contact@Tokenizer Xxxx.xxx within fourteen (14) days after you call. If we ask you to put your request in writing, you will need to tell us; the name of the payee, the dollar amount of the payment and the date of the payment. If written stop payment notification is required but is not received within fourteen (14) days, only the first payment you notified us of will be stopped, and future payments will not be stopped.
Recurring Payment. You may schedule payments to Payees to be automatically initiated in a fixed amount on the same scheduled payment frequency. Click the button by the Payee that says “Make it Recurring” to schedule your recurring payment. You may make payments weekly, bi-weekly, semi-monthly, monthly, quarterly, semi-annually or annually. When a recurring payment is processed, it is automatically rescheduled by the system. Based on your selected frequency settings for the payment, a processing date is calculated for the next occurrence of the payment. If the calculated processing date is a non-business date (generally weekends and certain holidays), it is adjusted based upon the following rules:
(1) If the recurring payment’s “Pay Before” option is selected, the processing date for the new occurrence of the payment is adjusted to the first business date prior to the calculated processing date.
(2) If the recurring payment’s “Pay After” option is selected, the processing date for the new occurrence of the payment is adjusted to the first business date after the calculated processing date.
Recurring Payment. You may set a recurring payment (“Recurring Payment”) by selecting a fixed payment amount and a payment frequency. For the fixed payment amount, the Payment Service provides two options: you may elect either Current Regularly Scheduled Payment Monthly Amount or Other Fixed Custom Amount. If you elect Other Fixed Amount, you need to enter a specific amount in the Payment Service. If the amount you enter is less than the total amount due in your monthly billing statement, you are responsible for the timely payment of the remaining amount. Also, if the maturity date or monthly due date changes, regardless of reason, it is your responsibility to adjust the payment amounts and pull dated on the Payment Service. The Current Regularly Scheduled Payment Amount, provided for your convenience and disclosed in the Payment Service, refers to the then regularly scheduled payment due under your contract with us at the time you set up the Recurring Payment and does not include any additional amounts that may accrue in the future or any amounts, other than the regularly schedule payment, that may be due at the time you schedule the Recurring Payment, such as past due amounts and fees. If your regularly monthly scheduled payment amount changes, after you scheduled the Recurring Payments, for example if your monthly lease payment increases or decreases, regardless of reason, the Current Regularly Scheduled Payment Amount will not change unless you change the Recurring Payment amount to reflect the new regularly scheduled payment amount. Similarly, if additional amounts post to your Account, such as, but not limited to, late fees, tolls, and parking tickets, as applicable, they will not be debited with the Current Regularly Scheduled Payment, and you remain responsible for their timely payment. Also, if the maturity date or monthly due date changes, regardless of reason, it is your responsibility to adjust the payment amounts and pull dated on the Payment Service. Recuring Payments may be scheduled on the following frequencies, depending on whether you elect Current Regularly Scheduled Payment Amount Monthly Amount or Custom Other Fixed Amount: • Monthly – payments will be pulled on the same day of the month each month, unless the day falls on a non-business day, in which case it will be pulled on the following business day. This frequency is available for both Current Regularly Scheduled Payment Amount and Other Fixed Amount. • Semi-monthly - payments will be pulled on the ...
Recurring Payment. (a) The Merchant shall electronically transmit Input File to the Bank as directed by the Bank in accordance with Bank’s prevailing practice. The Bank shall process the Input File received from the Merchant and subject to the success/approval of the transaction, the Bank shall debit the Cardholder’s Card Account accordingly.
(b) The Bank shall not be obliged to verify the accuracy of the information contained in the Input File and the Merchant shall be responsible for all costs or losses incurred because of any errors.
(c) Upon completion of the Input File processing, the Bank shall send to the Merchant the result of the Input File processing via Secure File Transfer Protocol or other means determined by the Bank. The result shall contain information on all successful transactions and unsuccessful transactions.
Recurring Payment. By entering into these Terms and electing a subscription, you acknowledge that Your subscription has a recurring payment feature and you accept responsibility for all recurring payment obligations prior to cancellation of Your subscription by you or by us. Your annual subscription continues until cancelled by you. • Subscription automatically renews unless auto-renew is turned off at least 24-hours before the end of the current period; • The account will be charged for renewal within 24-hours prior to the end of the current period; • Your subscription will automatically renew at the end of each term and your credit card will be charged. You can turn off auto-renew at any time from your user’s Account Settings, but we cannot offer refunds for any unused portion of the term.
Recurring Payment. Customers that sign up for service via e-commerce “SBT Website” and have provided either credit card or ACH information understand and agree that the authorization provided will remain in effect until customer submits in writing of any change and/or termination of the authorization. Writing must be provided at least 15 days prior to the next billing date. Customer also understands that in case of a returned payment, SBT may charge the customer the Return Payment Fee which could be up to $25.00.
Recurring Payment. If you want to permanently stop all recurring Payments to a specific receiver of a transfer you will be required to put your request in writing and send it to xxxxxxxxx@xxxxxxxxx.xxx within fourteen (14) days after your notification to stop such Payments. You will need to tell us; the name of the payee, the dollar amount of the Payment and the date of the Payment. If written stop Payment notification is not received within fourteen (14) days, the Payment in question will be honored as originally authorized and future Payments will not be permanently stopped.
Recurring Payment. In addition to the payment acceptance facility above, the Merchant/Sub-Merchant may subscribe to the following additional services provided by the Bank in accordance with the terms and subject to the conditions in this Agreement:-
