Common Payment System definition

Common Payment System means the system pursuant to which payments of MCC Funding are made directly to vendors as further described in the Fiscal Accountability Plan. Compact has the meaning provided in the first recital to this Agreement. Counterparty has the meaning provided in Section 1.3(b)(vi).
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Common Payment System means the system pursuant to which payments of MCC Funding are made directly to vendors as further described in the Fiscal Accountability Plan.
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Common Payment System has the meaning given to that term in Section 5.1(b)(iii).
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Examples of Common Payment System in a sentence

  • The Common Payment System (CPS) is a just-in-time mechanism for the movement of grant funds for direct payments to a vendors or beneficiaries and to for transferring funds to a approved permitted account.

  • Further, the applicant is also jointly responsible to integrate the AFC System with the Common Payment System to be developed by the Bank appointed by the local authority.

  • KeywordsSmart Columbus, Multimodal Trip Planning Application, MMTPA, Common Payment System, CPS, Concept of Operations18.

  • This amount represents spending authority via the Common Payment System above the amount approved on the Disbursement Request; it does not represent cash in a permitted ac- count.

  • It addresses the opportunity to deploy a Multimodal Trip Planning Application (MMTPA) and Common Payment System (CPS) in an operational environment.

  • Funds requested through the Cash Management System are deposited and collected via ACH transfers using the State Controller's Common Payment System.

  • MCA-Moldova uses the MCC Common Payment System (“CPS”) to make disbursements from the US Treasury accounts.

  • B Using the Common Payment System The common payment process was deployed initially to accommodate issuing 2009 DCP-direct, 2009 ACRE-direct final payments, and 2009 CRP annual rental payments.

  • This amount represents spending authority via the Common Payment System above the amount approved on the Disbursement Request; it does not represent cash in a permitted account.

  • Using the MMTPA, users will be able to compare travel options across modes and pay for their travel based upon historic and current traffic conditions and availability of services.A Common Payment System (CPS) will process payments for transportation service and parking providers.

Related to Common 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.

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

  • 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:

  • 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;

  • 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.

  • Centralized Message Distribution System or "CMDS" means the operation system that Local Exchange Carriers use to exchange outcollect and IABS access messages among each other and other parties connected to CMDS.

  • Centralized Message Distribution System (CMDS) means the industry-wide data collection system, which handles the daily exchange of message details between CMDS participating telephone companies (also known as CMDS Direct Participants). AT&T-21STATE is a CMDS Direct Participant.

  • Distribution System means the system of wires and associated facilities between the delivery points on the transmission lines or the generating station connection and the point of connection to the installation of the consumers;

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

  • Wastewater treatment system means any equipment, plants,

  • Distribution System Code means the code approved by the Board which, among other things, establishes the obligations of the distributor with respect to the services and terms of service to be offered to customers and retailers and provides minimum, technical operating standards of distribution systems;

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

  • Combined distribution system means the interconnected distribution system consisting of the distribution systems of wholesale systems and of the consecutive systems that receive finished water.

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

  • Cabinet x-ray system means an x-ray system with the x-ray tube installed in an enclosure independent of existing architectural structures except the floor on which it may be placed. The cabinet x-ray system is intended to contain at least that portion of a material being irradiated, provide radiation attenuation, and exclude personnel from its interior during generation of radiation. Included are all x-ray systems designed primarily for the inspection of carry-on baggage at airline, railroad, and bus terminals, and in similar facilities. An x-ray tube used within a shielded part of a building, or x-ray equipment that may temporarily or occasionally incorporate portable shielding, is not considered a cabinet x-ray system.

  • Displacement system means a device by which the seat or one of its parts can be displaced and/or rotated, without a fixed intermediate position, to permit easy access of occupants to the space behind the seat concerned;

  • X-ray system means an assemblage of components for the controlled production of x-rays. It includes minimally an x-ray high-voltage generator, an x-ray control, a tube housing assembly, a beam-limiting device, and the necessary supporting structures. Additional components which function with the system are considered integral parts of the system.

  • Intermediate Distribution Frame (IDF means a second frame that augments an existing Main Distribution Frame. Lines or outside cables that do not terminate on the IDF.

  • Public School Student Accessing Courses at a Distance means a student who is scheduled for a full course load through the District and attends all classes virtually.

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

  • Stormwater management system means any equipment, plants,

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

  • Acceptable earned value management system means an earned value management system that generally complies with system criteria in paragraph (b) of this clause.

  • air traffic control service means a service provided for the purpose of:

  • UST system or “tank system” means an underground storage tank, connected underground piping, underground ancillary equipment, and containment system, if any.