Charge Back means, approved and settled credit card or net banking purchase transaction(s) which are at any time refused, debited or charged back to merchant account (and shall also include similar debits to Payment Gateway Service Provider's accounts, if any) by the acquiring bank or credit card company for any reason whatsoever, together with the bank fees, penalties and other charges incidental thereto.
Charge Back means any electronic debit returned for non-payment by the maker’s financial institution. “Designated Depository Account” means that financial depository account of Subscriber to which SPS will credit electronic check transaction data and from which SPS will debit amounts due for fees, Charge backs, and penalties, if any. “ODFI” means the Originating Depository Financial Institution” through which SPS initiates Subscriber transactions. “Third Party Processor” or “TPP” shall either mean SPS or a data processing service bureau having a contractual relationship with an ODFI and originating Entries to such ODFI on behalf of SPS at SPS’ request.
Charge Back means a transaction that is rejected by the Transactees bank as unauthorized or fraudulent or based on a claim against the merchant such as failure to deliver.
Examples of Charge Back in a sentence
WEIPL may use this Security Deposit to set-off losses or costs or damages or Charge back suffered or incurred by the Customers, WEIPL, the Facility Providers or the Acquiring Banks, inter alia, due to fraud, misconduct, negligence or deficiency of service of the Merchant, Charge back from time to time or for any other reason attributable to the Merchant.
If the Merchant does not make payment to WEIPL, WEIPL and/or the Acquiring Bank shall be fully entitled to deduct all such claims, Charge back, etc., from all monies that are receivable by the Merchant from Acquiring Bank.
More Definitions of Charge Back
Charge Back. See Black’s Law Dictionary, 6th ed. See also Surety and UCC § 4-212 “Chattel Paper” See Black’s Law Dictionary, 6th ed. UCC § 9-105 (b)
Charge Back. A customer Charge Back will be assessed to Agency if a customer, procured by Agency, cancels their service with PowerSource within the customer's first two (2) PowerSource billing cycles. The Charge Back is equaled to the Acquisition Bonus paid out by PowerSource.
Charge Back means any enforced direction or instruction effected on or through any computer, electronic or telecommunications equipment, medium or network (whether on the Internet or otherwise) to reverse any Card Transaction in response to a fraudulent Card Transaction or a Card Transaction dispute raised by the Cardholder.
Charge Back means approved and settled card or net banking purchase transactions which are at any time refused, debited or charged back to Merchant account (shall also include similar debits to Cashlesso accounts, if any) by the Acquiring Bank for any reason whatsoever, together with the bank fees, penalties and other charges incidental thereto. Chargeback Policy forming a critical part of this agreement is attached in ANNEXURE “D”.
Charge Back reversal of a Load used to make a Parent Payment for a Payment Item of yours because of a perceived violation of Scheme rules or procedures, arising from a disagreement over issues such as: whether or when a payment occurred; the provision of the goods or services to which the payment relates; the amount involved, or, whether consent for the payment was given by the account holder; “Charge Back Fee” the charge made to you for the processing of Charge Backs including: the investigation of the circumstances surrounding the Charge Back; collation and submission of evidence to the Acquirer; the processing of the reversal via adjustment to Remittance; and, the payment of fees to the Acquirer in respect of the Charge Back; "Confidential information" all information which prior to, or upon, its disclosure is communicated to the receiving party as being confidential by the disclosing party, or which should reasonably be considered as information of a confidential nature by the receiving party, provided that this definition shall not include information which: is at the time of disclosure in the public domain; subsequently comes into the public domain other than by the deliberate act of the receiving party; is in the possession of the receiving party at the time of the disclosure; is subsequently disclosed to the receiving party by a third party without restrictions as to its use or disclosure; is independently developed by employees of the receiving party who have not had access to the information disclosed; or, is information disclosed pursuant to a requirement of law. “Content” any data, information, text, or other material uploaded to, posted into, or sent via PPL Products and Services, including SMS text messages and emails, whether sent by you, from your account login; or, by us on your behalf; “Data Fees” the charge made to you for a Data Plan; “Data Plan” the mobile data plan associated with each Hardware device, which provides access to the internet via a mobile sim card, whereby the Data Plan has a maximum data transfer limit, and is intended for use solely in connection with the PPL Products and Services; "Effective Date" the date this Agreement becomes effective either: the date you sign a document, contract, commercial schedule or proposal incorporating or referencing this Agreement; the date a valid application form is submitted electronically by you; or, your first use of PPL Products and Services; whereby, in the case of you contracting for multiple...
Charge Back has the meaning specified in Section 2.3 of this Schedule “A”.
Charge Back means a transaction that is rejected by the transactee's bank as unauthorized or fraudulent or based on a claim against the merchant such as failure to deliver. "Check 21" refers to the Check Clearing Act of the 21st Century. It may also be used to describe a specific file type (usually preceded by the reference: X9) approved by the Federal Reserve whereby the intent of the act may be achieved. Financial institutions sometimes refer to this type of check transaction as: "Check 21" or "X9.37" or "Image Cash Letters" or "Paper Based (electronic) Transactions".