Bill Pay Provider definition
Examples of Bill Pay Provider in a sentence
Placing and lifting the Payment Account blocks is controlled by the Bill Pay Provider.
If the paper check payment is over $500.00, the Bill Pay Provider will immediately place a stop payment on the check and Member will be responsible for any fees that Payee assesses to Member related to the stop payment.
Regardless of the payment method used, the Bill Pay Provider will electronically debit Member’s Payment Account for the amount of the Bill Pay Transaction.
If there are insufficient available funds in the Payment Account at the time the Bill Pay Provider attempts to debit the required funds, the Bill Pay Provider may (but is not required to) attempt to electronically debit the necessary funds on up to three (3) subsequent occasions.
Navigant is not responsible for any errors or losses that may occur because Member failed to provide the Bill Pay Provider with correct information regarding the Payee, or if an amount Member owes the Payee is paid in full.
Member offers through the Bill Pay Provider the ability for Member to receive bills from certain third parties (“Billers”).
Navigant and Bill Pay Provider reserve the right to refuse to pay certain Payees.
Unless the Bill Pay Transaction is scheduled for the same day or is to be done on an expedited basis (an “Expedited Bill Pay Transaction”), the Bill Pay Provider will debit the Payment Account within two (2) Business Days of the date on which the Bill Pay Transaction is scheduled to occur.
By providing the Bill Pay Provider with this information, Member authorizes the Bill Pay Provider to follow Member’s instructions for Bill Pay transactions (such instructions referred to hereinafter as “Payment Instructions”) to these Payees.
Member must provide the Bill Pay Provider with the name, address, telephone number of Member’s Payees, along with any account number Member has with the Payee.