Examples of Failed Payment in a sentence
The institution that did not receive the expected funds, regardless of whether or not the institu- tion credited the customer’s account in antici- pation of receiving payment, does not have either a due from depository institution deduc- tion or a cash item in the process of collection.K.3. Failed Payment.
If we are not able to make a payment as you directed, the transaction that you entered will be shown on the Failed Payment screen as a Failed Payment.
In the event that a Customer has a Failed Payment, you agree that should the Customer first contact us, we will direct the Customer to contact you or your nominated representative directly on the nominated email or contact points.
Failed Payment refers to a Customer Direct Debit Amount which has been processed by us but not accepted or authorised by a financial institution, and not received by us.
In the event we are unable to process a services transaction, (if, for example, there are insufficient funds in your designated account) the transaction will result in a Failed Payment or Transfer.
K.1. Duplicate Payment 20 K.2. Misdirected Payment 20 K.3. Failed Payment.
We can also apply a second Failed Payment Fee where We make a second attempt to collect any outstanding balance on Your Account, as described in section 10.6, and that attempt fails for any reason.
Failed Payment Arrangements will be worked with the regular non-pays.
We will not be entitled to charge a Failed Payment Fee where a failure is due to Our fault.
Where there is insufficient cash to cover the full costs in relation to the Failed Payment, the Disinvestment Strategy will be invoked.