Electronic Commerce Transaction definition

Electronic Commerce Transaction means a transaction between a Merchant and a Third-Party Payment Provider User over a network using a telephone, any mobile device, terminal, personal computer or other device to initiate such a transaction;
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Electronic Commerce Transaction means a Transaction that occurs when the Cardholder uses the Internet to make a purchase from a Company.
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Electronic Commerce Transaction. (“ECT”) means a Card transaction that occurs on the Internet, as further described in Section 7.
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Examples of Electronic Commerce Transaction in a sentence

  • Merchant cannot refuse to complete an Electronic Commerce Transaction using a MasterCard‐branded Card solely because the Cardholder does not have a digital certificate or other secured protocol.

  • Data indicating a Merchant Outlet's country must be transmitted in the Clearing Record of an Electronic Commerce Transaction.

  • Merchant may not submit a request for Authorization for an Electronic Commerce Transaction that has failed a 3‐D Secure authentication request.

  • A Chip-initiated Electronic Commerce Transaction must be sent Online for Authorization.

  • Each Electronic Commerce Transaction must be identified as such when submitted by Merchant by using the appropriate Electronic Commerce Transaction indicator values specified by the Card Networks.

  • If the Order Form for a Recurring Transaction is provided to the Merchant in an electronic format, the initial Transaction must be processed with the appropriate Electronic Commerce Transaction indicator values.

  • Attribution of Profit to a Permanent Establishment Involved in Electronic Commerce Transaction, OECD, at 4 (February 2001) (“ OECD Paper”).

  • The Merchant hereby agrees and undertakes that it shall honour without discrimination, as a means of payment for Electronic Commerce Transaction, Cards properly authenticated.

  • The Merchant agrees not to accept cash or any other consideration from a Cardholder in return for preparing a credit receipt to be deposited to the Cardholder’s account, nor to give cash refunds to Cardholders in connection with an Electronic Commerce Transaction.

  • Three phases for an ECT (Electronic Commerce Transaction) are identified i.e. information, agreement and settlement phase.


More Definitions of Electronic Commerce Transaction

Electronic Commerce Transaction. Means a transaction between the Merchant and the Cardholder in which a Card is used for payment of goods or services over the internet or via other authorized means, or a refund or any other permitted transaction which is evidenced by a Sales Record; Example Code: Means un-compiled software code or code fragments illustrating the use of the systems provided to the Merchant; Fees: Any charges to the Merchant for the services provided by the Service Provider as agreed on between the Service Provider and the Merchant; Fines: Any amount imposed on the Service Provider for excessive chargebacks or breach of Card Association rules by the acquiring Bank or a Card Association as a result of the Merchant activities; Financial Guarantee: Means a Guarantee provided by the Merchant to enhance/ supplement/ replace the Rolling Reserve Amount required by the Service Provider.
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Electronic Commerce Transaction. Means a transaction between the Merchant and the Cardholder in which a Card is used for payment of goods or services over the internet or via other authorized means, or a refund or any other permitted transaction which is evidenced by a Sales Record; Example Code: Means un-compiled software code or code fragments illustrating the use of the systems provided to the Merchant;
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Electronic Commerce Transaction. Means a transaction between the Merchant and the Cardholder in which a Card is used for payment of goods or services over the internet or via other authorized means, or a refund or any other permitted transaction which is evidenced by a Sales Record; Example Code: Means un-compiled software code or code fragments illustrating the use of the systems provided to the Merchant;
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Related to Electronic Commerce Transaction

  • Electronic Communications and Transactions Act means the Electronic Communications and Transactions Act, 2002 (Act No. 25 of 2002);

  • Electronic communications system means any wire, radio, electromagnetic, photooptical or photoelectronic facilities for the transmission of wire or electronic communications, and any computer facilities or related electronic equipment for the electronic storage of such communications;

  • Public Electronic Communications Network means an Electronic Communications Network provided wholly or mainly for the purpose of making Electronic Communications Services available to members of the public;

  • Electronic Communications means any transfer of signs, signals, text, images, sounds, data or intelligence of any nature transmitted in whole or part electronically received and/or transmitted through the Service.

  • Approved Electronic Communications means any notice, demand, communication, information, document or other material that any Credit Party provides to Administrative Agent pursuant to any Credit Document or the transactions contemplated therein which is distributed to the Agents or to the lenders by means of electronic communications pursuant to Section 10.1(b).

  • electronic communications network means transmission systems and, where applicable, switching or routing equipment and other resources, including network elements which are not active, which permit the conveyance of signals by wire, radio, optical or other electromagnetic means, including satellite networks, fixed (circuit and packet-switched, including Internet) and mobile terrestrial networks, electricity cable systems, to the extent that they are used for the purpose of transmitting signals, networks used for radio and television broadcasting, and cable television networks, irrespective of the type of information conveyed;

  • electronic communications service means a service normally provided for remuneration which consists wholly or mainly in the conveyance of signals on electronic communications networks, including telecommunications services and transmission services in networks used for broadcasting, but exclude services providing, or exercising editorial control over, content transmitted using electronic communications networks and services; it does not include information society services, as defined in Article 1 of Directive 98/34/EC, which do not consist wholly or mainly in the conveyance of signals on electronic communications networks;

  • Electronic communication means a communication transmitted by means of an electronic device, including, but not limited to: a telephone, cellular phone, computer, or pager.

  • Electronic communication service means a custodian that provides to a user the ability to send or receive an electronic communication.

  • Electronic cigarette means any oral device that provides a vapor of liquid nicotine, lobelia, and/or other similar substance, and the use or inhalation of which simulates smoking. The term shall include any such devices, whether they are manufactured, distributed, marketed, or sold as e-cigarettes, e-cigars, e-pipes, or under another product name or descriptor.

  • Catalogue of electronic communications means information that identifies each person with which a user has had an electronic communication, the time and date of the communication, and the electronic address of the person.

  • Content of an electronic communication means information concerning the substance or meaning of the communication which:

  • Electronic cleaner means a product labeled for the removal of dirt, moisture, dust, flux, or oxides from the internal components of electronic or precision equipment such as circuit boards, and the internal components of electronic devices, including but not limited to, radios, compact disc (CD) players, digital video disc (DVD) players, and computers. “Electronic Cleaner” does not include “General Purpose Cleaner,” “General Purpose Degreaser,” “Dusting Aid,” “Pressurized Gas Duster,” “Engine Degreaser,” “Electrical Cleaner,” “Energized Electrical Cleaner,” “Anti-Static Product,” or products labeled to clean the casings or housings of electronic equipment. “Electronic Cleaner” does not include any product that meets both of the following criteria:

  • Electronic Coupon means an electronic flight coupon or other value document held in our database.

  • Electronic component means an item that operates by controlling the flow of electrons or other electrically charged particles in circuits, using interconnections of electrical devices such as resistors, inductors, capacitors, diodes, switches, transistors, or integrated circuits. The term does not include structural or mechanical parts of an assembly containing an electronic component, and does not include any high performance magnets that may be used in the electronic component.

  • Electronic Control System means a combination of units, designed to co-operate in the production of the stated vehicle control function by electronic data processing. Such systems, often controlled by software, are built from discrete functional components such as sensors, electronic control units and actuators and connected by transmission links. They may include mechanical, electro-pneumatic or electro-hydraulic elements.

  • Electronic Copy has the meaning specified in Section 11.17.

  • Electronic act means the creation or transmission originated on or off the schoolsite, by means of an electronic device, including, but not limited to, a telephone, wireless telephone, or other wireless communication device, computer, or pager, of a communication, including, but not limited to, any of the following:

  • Chronic condition means a condition that can be treated or managed, but not cured.

  • Electronic Ticket means the Itinerary/Receipt issued by us or on our behalf, the Electronic Coupons and, if applicable, a boarding document.