Credit card bank definition

Credit card bank means an institution that is primarily engaged in credit card operations, which does not accept demand deposits or deposits that the depositor may withdraw by check or similar means for payment to third parties or others, and which does not engage in the business of making commercial loans.
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Credit card bank means DMCCB and any other Person that issues credit cards to be formed or acquired by the Borrower or one of the Subsidiaries.
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Credit card bank means any Person (other than the Parent Borrower or any of its Subsidiaries) that, with respect to any Credit Card Program that is in effect on the Closing Date (or any replacement or renewal thereof), is a Lender or Agent or an Affiliate of a Lender or Agent, in its capacity as a party to such Credit Card Program.
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Examples of Credit card bank in a sentence

  • Credit card bank lines will not be separated by card type; the same line will be used for all cards transmitted in the same batch.

  • One Credit card bank line for each batch settlement (if a swipe machine is used) or each day’s sale report (if a web-interface with automatic settlement is used).

  • A processing bank or trust company is an institution whose non-lending interest income, fiduciary revenues, and investment banking fees, combined, exceed 50 percent of total revenues (and its fiduciary revenues are non-zero), and has had $10 billion or more in total assets for at least four consecutive quarters.(t) Credit card bank.

  • Credit card bank lines will use entire 12 digit number of the Bank of America Mastercard/Visa Merchant ID and the date of the batch, in the following format: 123456159999 09.02.2010.

  • Credit card bank lines will use the last six numbers of the Bank of America Mastercard/Visa Merchant ID and the date of the batch, in the following format: 159999 09.02.2010.

  • Loan from friends/family Credit card, bank or finance companySavings or investments Selling something Unsure or not able toIncome replacement insuranceSome other way Gift from friends/family0% 20% 40% 60% 80% 100% Figure 5.

  • The agencies included the following credit bureau debt categories in the credit card definition: Credit card, bank card, flexible spending card, retail lending card, and line of credit.

  • Credit card bank statements of CSA employees for the period 2016 to 2019; 3.2.1.1.16.

  • Credit card, bank fees and other operating costs (1.8 ) Due primarily to reduced inventory levels and corresponding physical inventory count fees.

  • Credit card bank reliance on these innovations has been an entirely private matter.


More Definitions of Credit card bank

Credit card bank means Direct Merchants Credit Card Bank, National Association, and any other Person that issues credit cards to be formed or acquired by either Pledgor or one of its Subsidiaries.
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Credit card bank has the meaning set forth in Section 2.01.
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Credit card bank means Fingerhut National Bank and any other Person that issues credit cards to be formed or acquired by the Borrower or one of the Subsidiaries.
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Credit card bank means Direct Merchants Credit Card Bank, National Association and any other FDIC-insured limited purpose credit card national bank(s) to be formed or acquired by the Company or one of the Subsidiaries, which shall engage only in the business activities specified in Section 2(c)(2)(F) of the Bank Holding Company Act of 1956, as amended by the Competitive Equality Banking Act of 1987, as amended. ARTICLE 4
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Credit card bank means National Bank of the Great Lakes, a national banking association and wholly owned subsidiary of the Borrower.
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Credit card bank means a national bank that has its principal place of business in this state or a bank organized under the laws of this state, the activities of which are limited by law to those permitted pursuant to subsection (3).
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Related to Credit card bank

  • Credit Card Issuer means any Person (other than a Loan Party) who issues or whose members issue credit cards or debit cards, including, without limitation, MasterCard or VISA bank credit or debit cards or other bank credit or debit cards issued through MasterCard International, Inc., Visa, U.S.A., Inc. or Visa International and American Express, Discover, Diners Club, Xxxxx Xxxxxxx and other non-bank credit or debit cards, including, without limitation, credit or debit cards issued by or through American Express Travel Related Services Company, Inc. or Discover Financial Services, Inc.

  • Credit card means any card, plate, coupon book, or other credit device ex- isting for the purpose of obtaining money, property, labor, or services on credit.

  • Credit Card Processor means any servicing or processing agent or any factor or financial intermediary who facilitates, services, processes or manages the credit authorization, billing transfer and/or payment procedures with respect to any Borrower’s sales transactions involving credit card or debit card purchases by customers using credit cards or debit cards issued by any Credit Card Issuer.

  • Credit Card Agreements means all agreements now or hereafter entered into by any Borrower or any Guarantor for the benefit of any Borrower, in each case with any Credit Card Issuer or any Credit Card Processor, as the same now exist or may hereafter be amended, modified, supplemented, extended, renewed, restated or replaced, including, but not limited to, the agreements set forth on Schedule 8.16 hereto.

  • Credit Card Receivables means each “payment intangible” (as defined in the UCC) together with all income, payments and proceeds thereof, owed by a Credit Card Issuer or Credit Card Processor to a Loan Party resulting from charges by a customer of a Loan Party on credit or debit cards issued by such Credit Card Issuer in connection with the sale of goods by a Loan Party, or services performed by a Loan Party, in each case in the ordinary course of its business.

  • Card Issuer means the financial institution or company which has provided a Card to a Cardholder.

  • Credit Card Notifications has the meaning provided in Section 6.13(a)(i).

  • Eligible Credit Card Receivables means at the time of any determination thereof, each Credit Card Receivable that satisfies the following criteria at the time of creation and continues to meet the same at the time of such determination: such Credit Card Receivable (i) has been earned by performance and represents the bona fide amounts due to a Borrower from a credit card payment processor and/or credit card issuer, and in each case originated in the ordinary course of business of such Borrower, and (ii) is not ineligible for inclusion in the calculation of the Borrowing Base pursuant to any of clauses (a) through (k) below. Without limiting the foregoing, to qualify as an Eligible Credit Card Receivable, an Account shall indicate no Person other than a Borrower as payee or remittance party. In determining the amount to be so included, the face amount of an Account shall be reduced by, without duplication, to the extent not reflected in such face amount, (i) the amount of all accrued and actual discounts, claims, credits or credits pending, promotional program allowances, price adjustments, finance charges or other allowances (including any amount that a Borrower may be obligated to rebate to a customer, a credit card payment processor, or credit card issuer pursuant to the terms of any agreement or understanding (written or oral)) and (ii) the aggregate amount of all cash received in respect of such Account but not yet applied by the Loan Parties to reduce the amount of such Credit Card Receivable. Any Credit Card Receivables meeting the foregoing criteria shall be deemed Eligible Credit Card Receivables but only as long as such Credit Card Receivable is not included within any of the following categories, in which case such Credit Card Receivable shall not constitute an Eligible Credit Card Receivable:

  • Merchant means a company, firm or other organisation accepting either all Cards as a means of payment for goods and/or services or at least one type of Card for business to business transactions.

  • Blocked Account Bank means each bank with whom deposit accounts are maintained in which any funds of any of the Loan Parties from one or more DDAs are concentrated and with whom a Blocked Account Agreement has been, or is required to be, executed in accordance with the terms hereof.

  • Blocked Accounts shall have the meaning set forth in Section 6.3 hereof.