Direct Debit Guarantee definition

Direct Debit Guarantee means the guarantee offered by Paying Banks to Payers in respect of the Direct Debit scheme specifying their rights and safeguards.

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Direct Debit Guarantee means the refund terms applicable to Direct Debit Mandates as set out on the direct debit form or direct debit confirmation provided to you by the payment recipient. Direct Debit Mandate – a payment collected from your Account via UK Direct Debit scheme on the basis of a mandate permitting someone else (recipient) to instruct us to transfer money from your Account to that recipient. Due Diligence Procedure - Modulr’s procedures for carrying out due diligence on Introduced Clients in order to comply with its policies and regulatory obligations. Faster Payment – A service allowing you to make and receive electronic payments in the UK which is received by the recipient bank within 2 hours provided that the receiving organisation or bank is part of Faster Payments Scheme. Fees – those fees payable by the Introduced Client. Information – Means any information related to the organisation, and any personal information related to Account Manager or the Cardholder. Intellectual Property Rights – all patents, trademarks, service marks, trade names, domain names, business names, copyrights, design rights, database rights, rights to or in computer software, know-how, trade secrets, rights to or in confidential information and all other intellectual property rights and rights or forms of protection of a similar nature or effect which may subsist anywhere in the world whether or not registered or capable of registration, together with all applications for registration of, and any licence to use, any of the foregoing and "Intellectual Property" shall be construed accordingly; Merchant- means a merchant authorised to accept Card Scheme-branded Cards. Modulr – Modulr Finance Ltd, a company registered in England and Wales with number 09897957 and whose registered office is at ▇ ▇▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇, ▇▇ ▇▇▇. Modulr Finance Ltd (FRN: 900699) is a registered agent of Modulr FS Ltd. Modulr Account Terms and Conditions - This agreement, between Modulr FS and the Introduced Client which governs the terms on which the Introduced Client may use its Account. Modulr Products – those products, including but not limited to the Account referred to in the Introduced Client Terms of Business. Online Portal – means the interface provided by Modulr for the Introduced Client to access via the public internet, subject Payment Initiation Service Provider – means a third party payment service provider authorised by or registered with by the Financial Conduct Authority or another Europea...

Direct Debit Guarantee means the direct debit guarantee contained within the Order Form;

Examples of Direct Debit Guarantee in a sentence

• Paragraph 14.11 does not limit your rights under the Direct Debit Guarantee Scheme.

• Unlike Direct Debits, these payments are not covered by the Direct Debit Guarantee and we would recommend that you do not allow Cardholders to authorise recurring payments in this way.

• Unlike Direct Debits, these payments are not covered by the UK Direct Debit Guarantee and we would recommend that you do not allow Cardholders to authorise recurring payments in this way.

• We take direct debits under the Direct Debit Guarantee Scheme and credit card transactions are processed through Our credit card partner (▇▇▇▇▇▇.▇▇▇) and any disputes are managed through their Dispute Resolution procedure.

• Under the Direct Debit Guarantee, your bank will be liable to refund you for any payments that continue to be made after you cancel your Direct Debit.

• If a payment came out of your account by BACS Direct Debit, your payment is covered by the Direct Debit Guarantee Scheme.

• The Agreement shall not operate to deprive the Bank of the ability to rely on the terms and conditions of the Direct Debit Guarantee Scheme.

• If there's a problem with a BACS Direct Debit you've made, the rules under the Direct Debit Guarantee Scheme will apply instead.

• The collection of direct debits is made in accordance with the Direct Debit Guarantee.

• The Direct Debit Guarantee Banks and Building Societies may not accept Direct Debit instructions for some types of account.

More Definitions of Direct Debit Guarantee

Direct Debit Guarantee means the direct debit guarantee contained within the Proposal;

Direct Debit Guarantee means the refund terms applicable to Direct Debit Mandates as set out on the direct debit form or direct debit confirmation provided to you by the payment recipient. Direct Debit Mandate – a payment collected from your Account via UK Direct Debit scheme on the basis of a mandate permitting someone else (recipient) to instruct us to transfer money from your Account to that recipient. Due Diligence Procedure - Modulr’s procedures for carrying out due diligence on Introduced Clients in order to comply with its policies and regulatory obligations. Faster Payment – A service allowing you to make and receive electronic payments in the UK which is received by the recipient bank within 2 hours provided that the receiving organisation or bank is part of Faster Payments Scheme. Fees – those fees payable by the Introduced Client and set out in the Introduced Client Application Form.