Direct Debiting System definition

Direct Debiting System has the meaning given to it in Section 5.1 of Servicing Agreement; “Directors” means the Board of Directors for the time being of the Issuer;

Direct Debiting System. The payment service whereby the payment transaction is initiated by the Remittee and the payment account of the remitter is debited as based on the confirmation given to its own payment service provider, to the Remittee or the payment service provider of the Remittee by the Remitter; Electronic Money Issuer: United Payment; Electronic Money (E-money): The monetary value, which is issued in exchange for the funds accepted by the electronic money issuer and which is kept electronically and which is used for the purpose of performance of the payment transactions as defined in the Law and which is also accepted as a payment instrument also by the real and legal persons other than the electronic money issuer; Electronic Money Account: The accounts in which such issued e-money is monitored and recorded on the basis of the Users; Bill Payment: Any payment made in exchange for the services offered for satisfaction of the needs such as electricity, communication, water, natural gas, etc.; Funds: Banknotes, coins, fiduciary money or electronic money; Conversion into funds: Conversion of e-money to banknotes, coins or fiduciary money; Remitter: Any real or legal person which instructs a payment order from her/his/its own payment account or without having a payment account; Sensitive User Data: The personal data and passwords, security questions, certificates, encryption keys, which are used for instruction of a Payment Order by the User or verification of the identity of the User and which might enable performance of any fraud or fictitious transactions for and on behalf of the User if and when captured or changed, and the User's security information with respect to the payment instruments issued by the entities, such as the PIN, card number, expiry date, CVV, CVV2 and the CVC2 code; Erroneous or Unauthorized Transaction: Any Payment Transaction which is performed in consequence of the fact that the transfer order has been sent, either entirely or partially, beyond the will and/or knowledge of the User by the remitter or any third party that is not authorized for instructing transfer orders, and/or for which the User has not procured the respective goods or service; Service: The e-money and Payment Services, which are offered by United Payment as per Sections 12 and 18 to the User under the supervision of the CBRT pursuant to the licenses it holds, and also such other services permitted by the regulations; Service Point (Transaction Point): The devices such as the AT...

Direct Debiting System has the meaning given to it in Section 5.1 of Servicing Agreement;

Examples of Direct Debiting System in a sentence

• The Guarantor acknowledges and agrees that unless otherwise notified by the Servicer, The Toronto-Dominion Bank will act as the collection agent for the Guarantor under the Direct Debiting System.

• According to the common support package content of public deposit banks, limit of firms with corporate credit card and Direct Debiting System limit were increased in order to meet the working capital needs.

• I/we request that moneys due in terms of the repayment arrangements covered by this document, be drawn by Rental Rewards Pty Ltd (User ID 321418) under the Direct Debiting System from my/our account stated below.

• The company aims to purchase discounted raw materials and semi-finished products in the second half of 2020 and reduce the costs of sales by using its cash position. In addition, during the first two quarters, our Company has decided to slow down check and credit sales apart from DDS (Direct Debiting System) or Credit Insurance (Euler Hermes Insurance guarantee) sales for the purpose of preserving its balance sheet structure.

• Any unpaid amounts under such Direct Debiting System which are repaid by the Seller to the bank making such payment, if such bank is unable to recoup that amount itself from its customer accounts, will be paid in accordance with Section 4.11 (Third Party Amounts) of the Mortgage Sale Agreement.

• In order to manage customer related counter-party risk, almost all of our receivables are secured by Direct Debiting System, Credit Direct Collection System and Credit Insurance.

• In this study; Direct Debiting System (DDS), a kind of payment collection method, is analyzed from an outsourcing perspective.

• Direct Debit Request: I/we request that moneys due in terms of the repayment arrangements covered by this document, be drawn by B2Bpay / Zenith Payments (User ID 470911) under the Direct Debiting System from my/our account stated above.

More Definitions of Direct Debiting System

Direct Debiting System has the meaning given to it in Section 5.1.1 of the Security Agreement; “Direct Participants” means the participants that deposit securities with DTC;