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;
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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; 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 Payment Data: The 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 personal 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 ATMs, kiosks, mobile applications, Internet shopping, stores where the Users can perform the transactions related to e-money and Payment Services on their own, and also such o...
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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;
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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.

  • The amount and type of irrevocable commitments According to Direct Debiting System, there is TL 176,601 irrevocable loan commitments as of 31 March 2017 (31 December 2016: TL 191,311).

  • 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.

  • The amount and type of irrevocable commitments According to Direct Debiting System, there is TL 247,580 irrevocable loan commitments as of 30 September 2021 (31 December 2020: TL: 128,567).

  • Yukselen secures sales and receivables by a DSS (Direct Debiting System) model which is provided by 10 Turkish banks, services of Euler Hermes insurance and by letters of guarantees.

  • The amount and type of irrevocable commitments According to Direct Debiting System, there is TL 139,348 irrevocable loan commitments as of 30 June 2018 (31 December 2017: TL 152,265).

  • The amount and type of irrevocable commitments According to Direct Debiting System, there is TL 247,580 irrevocable loan commitments as of 30 September 2021 (31 December 2020: TL 128,567).

  • The amount and type of irrevocable commitments According to Direct Debiting System, there is TL 135,308 irrevocable loan commitments as of 31 March 2021 (31 December 2020: TL: 128,567).

  • On March 10, Italy extended the shutdown measures nationwide, affecting a total population of 60 million in a territory of 300,000 square kilometers.

  • If this change is enacted, a company will accordingly meet the residence requirement for a domestic treasury management company if its place of effective management is in South Africa (notwithstanding its place of incorporation).


More Definitions of Direct Debiting System

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

  • Direct Debit means a payment service for debiting a payer’s payment account, where a payment transaction is initiated by the payee on the basis of the payer’s consent given to the payee, to the payee’s payment service provider or to the payer’s own payment service provider;

  • Operating System refers to the software that manages Hardware for Programs and other software.

  • Information processing system means an electronic system for creating, generating, sending, receiving, storing, displaying, or processing information.

  • Electronic Subcontracting Reporting System (eSRS) means the Governmentwide, electronic, web-based system for small business subcontracting program reporting. The eSRS is located at http://www.esrs.gov.

  • Billing System means a system to issue Invoices relating to charges payable by each party under an Access Agreement;

  • Auditing Services means those services within the scope of the practice of a certified public accounting firm licensed under Chapter 473 of the Florida Statutes, and qualified to conduct audits in accordance with government auditing standards as adopted by the Florida Board of Accountancy.

  • account information service means an online service to provide consolidated information on one or more payment accounts held by the payment service user with either another payment service provider or with more than one payment service provider;

  • Joint Account means an Account opened in more than one name;

  • Clearing System means Monte Titoli S.p.A., with offices in Piazza degli Affari no. 6, Milan, Italy ("Monte Titoli").