Faster Payment definition

Faster Payment means Electronic Money in your Tide GBP E-Money Account being redeemed and the equivalent amount of money being transferred to the Beneficiary Bank Account via the United Kingdom’s faster payments network.
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Faster Payment means a payment made using the Faster Payments Service operated by Faster Payments Scheme Limited (or any other person which takes over the administration of the Faster Payments Service).
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Faster Payment means a service allowing you to make and receive electronic payments in the UK which is received by the recipient bank within 2 hours provided that the receiving organisation or bank is part of the Faster Payments Scheme.
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Examples of Faster Payment in a sentence

  • All payment or funds transfer transactions using HKICL FPS will be processed, cleared and settled under the interbank clearing and settlement arrangements including without limitation the arrangements in relation to the Faster Payment System agreed by the Participants and HKICL from time to time.

  • The Bank Services are therefore subject to the rules, guidelines and procedures imposed by HKICL in relation to the Faster Payment System from time to time.

  • By instructing us to register any Proxy ID or any account for you in relation to the Faster Payment System, you confirm that you are the present genuine owner or authorised user of the relevant Proxy ID or account.

  • We provide the Bank Services to customers to facilitate payment and funds transfer using the Faster Payment System and the Addressing Service, eDDA Service and any other services and facilities provided by HKICL in connection with the Faster Payment System from time to time.

  • In the unlikely event that payments continue to be redirected to your New Account during the 13 months leading up to the end of the 3 year redirection period we will automatically extend the redirection service and the term of this Agreement until such time as there is a 13 month period when no Direct Debits, Bacs Direct Credits or Faster Payment transactions have been automatically redirected by the central redirection service.

  • We provide the Bank Services (as defined under this Clause) to customers to facilitate payments and funds transfers using the Faster Payment System.

  • Withdrawals by CHAPS payment (subject to an administration charge) or by Faster Payment are available.

  • The Bank may provide the FPS Bank Services to customers to facilitate payments and funds transfers using the Faster Payment System.

  • Information on the Faster Payment Scheme transaction limits are available on the UK Payments Administration website www.ukpayments.org.uk.

  • We provide the Bank Services to customers to facilitate payments and funds transfers using the Faster Payment System.


More Definitions of Faster Payment

Faster Payment. A service allowing you to make and receive electronic payments in the UK using your Amaiz Account which is received by the recipient bank within 2 hours provided that the receiving organisation or bank is part of the UK Faster Payments Scheme. “Fee” means each of our fees specified at xxxxx://xxxxx.xxx/pricing.
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Faster Payment means a close of business day plus one electronic bank payment made within the UK in sterling.
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Faster Payment means a service allowing you to make and receive electronic payments in the UK in GBP, which are received by the recipient bank within 2 hours, provided that the receiving organisation or bank is part of the Faster Payments scheme.
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Faster Payment means a service allowing youtomake andreceive electronic paymentsinthe UK in GBP, whichare received by the recipient bank within 2 hours, provided that the receiving organisation or bank is part of the Faster Payments scheme. Full Deductible Amount means the full amount of the Card Transaction or Payment (as applicable), including the Card Transaction or Payment itself along with any associated fees, charges and taxes. Future Dated Payments means individual, one-off, Payments set up to be made at a future date which will be received by the recipient bank on the day specified. Google Pay means a mobile payments app that allows Cardholders to make payments from their Card using their mobile device (subject to and in accordance with Google Pay terms of use).
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Faster Payment means electronically transferring funds from one account to another as long as the Banking Institution receiving the funds is a member of the Faster Payment scheme.
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Faster Payment means the electronic payments that can be made over the phone and in a branch. As long as the receiving bank or building society uses Faster Payments too, the payment will be completed almost immediately (though sometimes, it can take up to 2 hours).
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Related to Faster Payment

  • Basic Rent Payment Date means the Delivery Date, and the numerically corresponding day in each calendar month thereafter during the Term, and if such day is not a Business Day, then the immediately preceding calendar day which is a Business Day.

  • Payment Due Date means the date by which the Date of Payment must occur, in accordance with the provisions of Sections 504.3 through 504.5 of this Exhibit, in order for NYSERDA not to be liable for interest pursuant to Section 504.6.

  • Debit Payment means a particular transaction where a debit is made.

  • Adjustment Payment means, in respect of any Security, the payment (if any) determined by the Determination Agent as is required in order to reduce or eliminate, to the extent reasonably practicable, any transfer of economic value to or from the Issuer as a result of the replacement of the Index by the Alternative Pre-nominated Index. The Determination Agent may determine that the Adjustment Payment is zero.

  • Payment Schedule ’ means a schedule which sets out—

  • Minimum Monthly Payment for any Mortgage Loan and any month means the minimum amount required to be paid by the related mortgagor in that month.

  • Installment Payment means the partial payment of court debt which is divided into portions that are made payable at different times.

  • Upfront Payment has the meaning set forth in Section 4.1.

  • FILOT Payments means the amount paid or to be paid in lieu of ad valorem property taxes as provided herein.

  • Minimum Payment means the amount of minimum payment as stated in the Fee Schedule;

  • Capitation Payment means a payment the STATE makes periodically to the MCO for each Enrollee covered under the Contract for the provision of services as defined in Article 6 regardless of whether the Enrollee receives these services during the period covered by the payment.

  • Due Date The day of the month on which the Monthly Payment is due on a Mortgage Loan, exclusive of any days of grace.

  • Improper Payment means: (a) any payment, offer, gift or promise to pay or authorization of the payment or transfer of other things of value, including without limitation any portion of the compensation, fees or reimbursements received hereunder or the provision of any service, gift or entertainment, directly or indirectly to (i) a Government Official; (ii) any director, officer, employee or commercial partner of a Party or its Affiliates; or, (iii) any other person at the suggestion, request or direction or for the benefit of any of the above-described persons and entities, for purposes of obtaining or influencing official actions or decisions or securing any improper advantage in order to obtain, retain or direct business; (b) payments made and expenses incurred in connection with performance of obligations under this Agreement that are not made and recorded with sufficient accuracy, detail, and control to meet the standards in applicable Anti-Corruption Laws; or, (c) any other transaction in violation of applicable Anti- Corruption Laws.