Card payment system definition

Card payment system means a technical procedure by which
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Card payment system means the arrangements between us, other banks and Card Issuing Organisations for, amongst other things, the payment of debt and the extension of credit using cards.
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Card payment system means a technical procedure by which obligations owed a local unit or court may be paid by credit card or debit card.
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Examples of Card payment system in a sentence

  • Mandatory cash balances in the Central Bank of Armenia include the settlement limit - the mandatory minimum amount calculated in accordance with the agreement on the final settlement of transactions carried out through the Armenian Card payment system.

  • The Association accepts a variety of Rent Payment methods, including: • Directly mandated payment of Housing Benefit where available.• Alternative Payment Arrangement for Universal Credit• Card payment system with Allpay.net which allows tenants to pay their rent at any Post Office and any outlet which displays the “Pay point” sign.

  • As partof this RFP, vendor shall describe in detail a credit/debit card and/or 1 Card payment system.

  • Membership database in develoment.4. Card payment system available for fees next season.– final product will improve the club’s data and reduce the admin burden required to maintain the data.

  • From the tests described above, we conclude that the security of the analyzed ID Card payment system is extremely low based on today’s cryptanalytical knowledge, because it relies solely on weak Mifare Classic cards with identical keys.

  • To disturb this mechanism would unbalance the Code’s overriding policy favoring debtor reorganization and rehabilitation.”).

  • Provide a Debit/Credit Card payment system for utility allowance disbursements loaded onto debit/credit cards for HACR/RCHC clients.

  • To assess whether those comparable Shentong Card payment system contracts follow the aforesaid pricing policy of CCC, we reviewed five sample Shentong Card payment systemcontracts with similar payment terms conducted by CCC with other Independent Third Parties and with similar nature of services.

  • Reported that a soft launch of the Clipper Card payment system will begin October 20th with the expectation for it will go live and be available to the public on November 3rd.

  • In addition, all salary distributions that are scheduled to be used in the new fiscal year should be reviewed.


More Definitions of Card payment system

Card payment system means a technical procedure by which tax obligations owed the State may be paid by credit card or debit card.
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Card payment system means card systems such as Visa or MasterCard responsible, amongst other things, for routing card payment authorisation and settlement requests between merchant acquirers and issuing banks (e.g. Raphaels);
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Related to Card payment system

  • payment system means a funds transfer system with formal and standardised arrangements and common rules for the processing, clearing and/or settlement of payment transactions;

  • Cash Payment System means a payment system that generates any transfer of funds through a transaction originated by cash, check, or similar paper instrument. This includes electronic payments to a financial institution or clearing house that subsequently issues cash, check, or similar paper instrument to the designated payee.

  • settlement system means any infrastructure whether or not connected to the auction platform that can provide settlement services, which may include clearing, netting, management of collateral, or any other services, which ultimately enable the delivery of allowances on behalf of an auctioneer to a successful bidder or its successor in title, and the payment of the sum due by a successful bidder or its successor in title to an auctioneer, carried out through either of the following:

  • Electronic Payment System means a payment system that generates any transfer of funds, other than a transaction originated by cash, check, or similar paper instrument, which is initiated through an electronic terminal, telephone, mobile phone, computer, or magnetic tape, for the purpose of ordering, instructing or authorizing a financial institution to debit or credit an account. The term includes debit cards, wire transfers, transfers made at automatic teller machines, and point-of-sale terminals.

  • securities settlement system means a securities settlement system (as defined in the CSD Regulation) operated by a central securities depository;

  • Cash Management System shall have the meaning assigned to such term in Section 9.01.

  • Customer Account Information means personally identifiable information including Personal Data and Consumption Data. Customer Account Information also includes information received by the Company from the customer for purposes of participating in regulated utility programs, including, but not limited to bill pay assistance, shutoff protection, renewable energy, demand-side management, load management, or energy efficiency.

  • Payment Network means a debit or credit network (such as the ACH Network or ACCEL / Exchange payment network) through which funds may be transferred.

  • Cash Management Systems has the meaning ascribed to it in Section 1.8.

  • Settlement System Code means the specifications, standards, methods, calculations and conventions established under the AUC Settlement System Code Rule 021, as amended or replaced from time to time;

  • Card Account means the account maintained with the Bank in respect of the card;

  • Subscriber Management System means a system or device which stores the subscriber records and details with respect to name, address and other information regarding the hardware being utilized by the subscriber, channels or bouquets of channels subscribed by the subscriber, price of such channels or bouquets of channels as defined in the system, the activation or deactivation dates and time for any channel or bouquets of channels, a log of all actions performed on a subscriber’s record, invoices raised on each subscriber and the amounts paid or discount allowed to the subscriber for each billing period;

  • Payment card means a credit card, charge card, debit card, or any other card that is issued to an authorized card user and that allows the user to obtain, purchase, or receive goods, services, money, or anything else of value from a merchant.

  • payment service user means a natural or legal person making use of a payment service in the capacity of either payer or payee, or both;

  • Retirement system means a retirement plan or system that is established by or pursuant to title 38.

  • Collection Accounts As defined in Section 3.10(a).

  • Safety Management System means a systematic approach to managing safety, including the necessary organisational structures, accountabilities, policies and procedures;

  • Client Accounts means accounts of Clients (i) that are Controlled by an Access Person and (ii) in which no Access Person has a substantial proportionate economic interest; provided that, the Client pays a management, advisory or any other similar arms-length fee to the Access Person and the beneficiary of the Client Account is not an Immediate Family member of an Access Person.

  • Customer Account means an account carried by a Participant on behalf of a Customer.

  • Database Management System (“DBMS”) is a computer process used to store, sort, manipulate and update the data required to provide Selective Routing and ALI.

  • Agent Payment Account means account no. 5000000030266 of Agent at Wachovia Bank, National Association, or such other account of Agent as Agent may from time to time designate to Administrative Borrower as the Agent Payment Account for purposes of this Agreement and the other Financing Agreements.

  • Earned value management system means an earned value management system that complies with the earned value management system guidelines in the ANSI/EIA-748.

  • Concentration Accounts has the meaning ascribed to it in Annex C.

  • Payment Services means such Services as We provide in relation to payments into and out of Your Account.

  • Database Management System (DBMS) A system of manual procedures and computer programs used to create, store and update the data required to provide Selective Routing and/or Automatic Location Identification for 911 systems. Day: A calendar day unless otherwise specified. Dedicated Transport: UNE transmission path between one of CenturyLink’s Wire Centers or switches and another of CenturyLink’s Wire Centers or switches within the same LATA and State that are dedicated to a particular customer or carrier. Default: A Party’s violation of any material term or condition of the Agreement, or refusal or failure in any material respect to properly perform its obligations under this Agreement, including the failure to make any undisputed payment when due. A Party shall also be deemed in Default upon such Party’s insolvency or the initiation of bankruptcy or receivership proceedings by or against the Party or the failure to obtain or maintain any certification(s) or authorization(s) from the Commission which are necessary or appropriate for a Party to exchange traffic or order any service, facility or arrangement under this Agreement, or notice from the Party that it has ceased doing business in this State or receipt of publicly available information that signifies the Party is no longer doing business in this State.

  • Credit Card Account means the Account of the Cardmember opened with Maybank for the purpose of this Agreement;