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

  • By accepting these terms you also agree EmbassyCard is a closed loop stored value (“Prepaid”) Card Payment System and does not abide or work with Europay, VISA, Mastercard (EMV) network rules (“Network Rules”) as set forth by the card organizations including, but not limited to Visa, Mastercard and American Express (together, “Card Schemes”).

  • By accepting these terms you also agree EmbassyCard is a closed loop stored value (“Prepaid”) Card Payment System and does not abide or work, or comply with Europay, VISA, Mastercard (EMV) network rules (“Network Rules”) as set forth by those card organizations, or scheme, including but not limited to Visa, Mastercard and American Express (together, “Card Schemes”).

  • By accepting these terms you also agree EmbassyCard is a closed loop stored value (“Prepaid”) Card Payment System and does not abide or work with Europay, VISA, Mastercard (EMV) network rules (“Network Rules”) as set forth by the card organizations including, but not limited to V isa, M Express (together, “Card Schemes”).


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.

  • 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.

  • 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, and which complies with the requirements as set out under Annexure D of this Agreement;

  • 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.

  • Debit Card Transaction means an electronic payment using a Card for the purchase of goods or services (which can include payment for CashBack), by a Cardholder, to a Retailer displaying the Visa logo and/or who is in the Visa Scheme.

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

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

  • 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.