Electronic Disbursement definition

Electronic Disbursement means any direct deposit into a User’s financial account provided by Customers Bank, or ACH transfer to a User’s third-party bank account.
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Electronic Disbursement means, with respect to any Settlement Product, any disbursement of proceeds of such product made by the Originator, directly or indirectly, to or at the direction of a Settlement Products Client, whether via ACH credit, wire transfer, stored value card, debit card, secured credit card or other electronic means (but excluding Disbursement Checks), excluding ERO charges, Delinquent ERO Charges, ERO Charges, RAL Principal Amounts, First Priority Prior Indebtedness, Second Priority Prior Indebtedness, Other Required Deductions or Authorized Deductions.
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Electronic Disbursement means a form of electronic funds transfer by means of direct deposit to a bank, savings and loan, or credit union account, or transfer to a magnetic stripe card, such as the e-QuickPay card.1
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Examples of Electronic Disbursement in a sentence

  • The State funds this account with credits from the State vendor payment file initiated out of the STO Electronic Disbursement Account (account #12).

  • With respect to RACs, HSBC TFS shall use commercially reasonable efforts to mail the Disbursement Check or Electronic Disbursement to the Settlement Products Client within 24 hours following receipt from the IRS of the Refund Paid.

  • In most circumstances only an opt-out request, submitted on a JFS 07010, "Request for Exception to Electronic Disbursement Enrollment," by an obligee will be considered.

  • Upon receipt of the Disbursement Check printing authorization (or Electronic Disbursement authorization) from HSBC TFS, Block Services shall electronically transmit such authorization to the applicable ERO.

  • Electronic Disbursement or e-DisbursementIssuing support payments directly to the obligee’s Ohio e-QuickPay debit card.

  • With respect to RALs and IMAs, HSBC TFS shall use commercially reasonable efforts to mail the Disbursement Check or Electronic Disbursement to the Settlement Products Client or to the Block Offices for distribution to the Settlement Products Client the same day as HSBC TFS’s approval of the RAL or IMA; provided, however, such Application must be received by HSBC TFS by 11:00 a.m. Eastern Standard or Daylight Savings Time (as the case may be).

  • Françoise Clottes, Country Director for the Caribbean countries[DATE] Re: IDA Financing 4534-GD (Grenada- OECS-Skills for Inclusive Growth Project) Supplementary Authorization Letter for Electronic Disbursement Request Dear Françoise: I refer to the Authorized Signatory Letter submitted to the Association in respect of above Financing dated April 9, 2009 authorizing designated persons to sign, on behalf of the Recipient, Applications under said Financing.

  • Please note we require the original document to be posted to us.• Electronic Disbursement Authority (TTform) (Internalfunding’sonly) – to be signed by all applicants.• Mortgage Reference – Required if the first charge mortgage does not appear on the credit search or there aremultiple entries with a similar start date.• Consent to a second charge - Only applicable for second charges.

  • Each such Participation Interest shall be purchased by BFC on the first Business Day following the Business Day on which the Disbursement Check for such HSBC RAL has been presented to HSBC Bank for payment or Electronic Disbursement for such HSBC RAL has been made by HSBC Bank.

  • The Chancellor’s Office (CO) General Accounting Department is responsible for reconciling the CO Electronic Disbursement bank account each month.


More Definitions of Electronic Disbursement

Electronic Disbursement means, with respect to any Settlement Product, any disbursement of proceeds (but excluding Disbursement Checks) of such product made by the Originator, directly or indirectly, to or at the direction of a Settlement Products Client in the amount authorized by the Originator, whether via ACH credit, wire transfer, stored value card, debit card, secured credit card or other electronic means (which amount shall not include ERO charges, Delinquent ERO Charges, ERO Charges, RAL Principal Amounts, IMA Principal Amounts, First Priority Prior Indebtedness, Second Priority Prior Indebtedness, Other Required Deductions or Authorized Deductions).
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Related to Electronic Disbursement

  • electronic credit ledger means the electronic credit ledger referred to in sub-section (2) of section 49;

  • Electronic Payment means a wire transfer or an ACH credit transfer.

  • Electronic Bonding is a real-time and secure electronic exchange of data between information systems in separate companies. Electronic Bonding allows electronic access to services which have traditionally been handled through manual means. The heart of Electronic Bonding is strict adherence to both International and National standards. These standards define the communication and data protocols allowing all organizations in the world to exchange information.

  • electronic auction means an iterative process that involves the use of electronic means for the presentation by suppliers of either new prices, or new values for quantifiable non-price elements of the tender related to the evaluation criteria, or both, resulting in a ranking or re-ranking of tenders;

  • Electronic Version/Copy means a digital form consisting of text, images or both readable on computers or other electronic devices that includes all content that the Original and Hard Copy proposals contain. The digital form may be submitted using a compact disc (cd) or USB flash drive. The electronic version/copy can NOT be emailed.

  • electronic cash ledger means the electronic cash ledger referred to in sub-section (1) of section 49;

  • Electronic agent means a computer program or an electronic or other automated means used independently to initiate an action or respond to electronic records or performances in whole or in part, without review or action by an individual.

  • Electronic Facility means without limitation, website addresses and conference call systems, and any device, system, procedure, method or other facility whatsoever providing an electronic means of venue for a general meeting of the Company.

  • Approved Electronic Communication means each notice, demand, communication, information, document and other material transmitted, posted or otherwise made or communicated by e-mail, E-Fax, the Credit Management Module of PNC’s PINACLE® system, or any other equivalent electronic service agreed to by Agent, whether owned, operated or hosted by Agent, any Lender, any of their Affiliates or any other Person, that any party is obligated to, or otherwise chooses to, provide to Agent pursuant to this Agreement or any Other Document, including any financial statement, financial and other report, notice, request, certificate and other information material; provided that Approved Electronic Communications shall not include any notice, demand, communication, information, document or other material that Agent specifically instructs a Person to deliver in physical form.

  • Electronic Notice shall be deemed written notice for purposes of this Section 13 if sent to the electronic mail address specified by the receiving party under separate cover. Electronic Notice shall be deemed received at the time the party sending Electronic Notice receives verification of receipt by the receiving party. Any party receiving Electronic Notice may request and shall be entitled to receive the notice on paper, in a nonelectronic form (“Nonelectronic Notice”) which shall be sent to the requesting party within ten (10) days of receipt of the written request for Nonelectronic Notice.

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

  • Electronic Data Interchange or “EDI technology” means the computer-to-computer exchange of business transactions in a standardized, structured electronic format.

  • 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.

  • Electronic Payment System means a payment system that generates any transfer of funds, other than a transaction originated by cash, check, or similar paper instrument, which is initiated through an electronic terminal, telephone, mobile phone, computer, or magnetic tape, for the purpose of ordering, instructing or authorizing a financial institution to debit or credit an account. The term includes debit cards, wire transfers, transfers made at automatic teller machines, and point-of-sale terminals.

  • Electronic PHI means PHI created, received, maintained or transmitted electronically in accordance with 45 CFR § 160.103.

  • Electronic Ledger means the electronic master record of the retail installment sale contracts or installment loans of the Servicer.

  • Electronic prescription means a written prescription that is generated on an electronic application and is transmitted to a pharmacy as an electronic data file; Schedules II through V prescriptions shall be transmitted in accordance with 21 CFR Part 1300.

  • Electronic Communication Network means the transmission line connecting the data transmission place and the data receiving place.

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

  • State electronic verification system means the system described in Section 26-61a-103.

  • Electronic communication device means any mode of electronic communication, including but not limited to computers, cell phones, PDAs, or the internet.

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

  • Electronic device means a personal computer, cell phone, smart phone, telephone, mobile device, wireless device, tablet or any other electronic device that we allow you to use to access the Services;

  • Electronic Data means information, facts or programs stored as or on, created or used on, or transmitted to or from computer software, including systems and applications software, hard or floppy disks, CD-ROMS, tapes, drives, cells, data processing devices or any other media which are used with electronically controlled equipment.

  • 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).

  • Bona Fide Electronic Road Show means a “bona fide electronic road show” (as defined in Rule 433(h)(5) under the Securities Act) that the Company has made available without restriction by “graphic means” (as defined in Rule 405 under the Securities Act) to any person.