Direct Debit Mandate definition
Direct Debit Mandate a consent given in writing or electronically, signed or whose authenticity has been verified by applying a security procedure, by which a Payer grants a one-time or permanent, but revocable authorization to debit his/her payment account; “Beneficiary (Provider)” – provider of services, which periodically issues invoices in the name of the Payer / of a subscribed third party, whose account is to be credited with the equivalent value of his/her invoices/insurance premiums due by the Payer under the insurance policies contracted with him/her, according to the payment Instructions issued to the Bank, with which he/she has concluded a direct debiting Mandate (for this purpose the singular shall include the plural and vice versa); “Direct debiting instruction (IDD)” – represents the payment instruction initiated by the Beneficiary that involves the debiting of the Payer’s account open with the Bank, according to the Mandate given by the Payer “Performance of the Direct debiting instruction” – represents the entirety of procedures by which the Bank applies this direct debiting Mandate for the purpose of completing the payment initiated by the Direct Debiting Instruction. The date when the Direct debiting instruction is received is considered the date agreed for starting its performance.
Direct Debit Mandate means the instruction with your bank authorizing Elavon to directly debit from Your Bank Account all sums that become due and payable by you to us under or in connection with this Agreement at the time we specify.
Direct Debit Mandate means the authority provided by the Buyer in a form prescribed or permitted by the relevant Direct Debit Scheme which authorises Client or Xplor to take payment from the Buyer’s bank account in accordance with the rules of the relevant Direct Debit Scheme. Direct Debit Payments Services means payment services relating to, together, Inward Payments and Outward Payments under a Direct Debit Scheme. Direct Debit Scheme means a scheme or set of rules governing the use of a direct debit service or direct-debit like service (such as, without limitation, the UK BACS Direct Debit scheme, the Australian BECS Direct Debit Scheme, the New Zealand BECS Direct Debit Scheme or the European SEPA payments scheme).
Examples of Direct Debit Mandate in a sentence
We must receive your payment, unless it is made by you directly to the insurer, by BACS, cheque, credit or debit card, wire/swift transfers or be in receipt of a completed Direct Debit Mandate (with deposit if required) drawn on a bank or building society or UK financial institution account in the policyholder’s name and before cover commences unless we agree otherwise in writing.
More Definitions of Direct Debit Mandate
Direct Debit Mandate means the instruction of or mandate set up through E-Mandate/ E-NACH/ NACH/cheque or any other instrument by whatever name called by the Merchant in favor of the account of RapiPay Fintech Pvt. Ltd. issued from the Merchant’s such bank account from where the Acquirer Bank has issued the TID on the Merchant’s Device and as per frequency and amount as stated in the direct debit mandate form as provided by RapiPay;
Direct Debit Mandate means the expression of consent and authorisation given by the payer to the payee and by the payer to the bank to allow the payee to initiate a collection for debiting the payer's specified payment account and to allow the payer’s bank to comply with such instructions.
Direct Debit Mandate means a mandate, within the meaning given by the Scheme Rulebook;
Direct Debit Mandate means the documentation which enables the establishment of a direct debit facility;
Direct Debit Mandate means a mandate from a Borrower to the Servicer authorising payments to be made by the relevant Borrower to the Servicer by way of the Direct Debiting Scheme;
Direct Debit Mandate a consent given in writing or electronically, signed or whose authenticity has been verified by applying a security procedure, by which a Payer grants a one-time or permanent, but revocable authorization to debit his/her payment account; “Beneficiary (Provider)” – provider of services, which periodically issues invoices in the name of the Payer / of a subscribed third party, whose account is to be credited with the equivalent value of his/her invoices/insurance premiums due by the Payer under the insurance policies contracted with him/her, according to the payment Instructions issued to the Bank, with which he/she has concluded a direct debiting Mandate (for this purpose the singular shall include the plural and vice versa);
Direct Debit Mandate a consent given in writing or electronically, signed or whose authenticity has been verified by applying a security procedure, by which a Payer grants a one-time or permanent, but revocable authorization to debit his/her payment account;