Faster Payment definition

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 Electronic Money in your incard 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 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

  • 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 are happy to take payments by bank transfer and in particular Faster Payment.

  • Payments originated from overseas by you or a third party are not eligible for the Faster Payment Scheme.

  • For setting up a new payee to make Faster Payment from your Account, you will need to provide name, account number and sort code of the person you wish to pay.

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

  • Interbank funds transfers 20Payment through Real Time Gross Settlement (RTGS) Payment through Faster Payment System (FPS)C5.

  • Faster Payment), you must provide:3.3.1. the payee’s full name, account number and sort code; and3.3.2.the type of account that will be paid (eg.

  • Interbank funds transfers 15Payment through Faster Payment System (FPS) Payment through Real Time Gross Settlement (RTGS) Payment through Electronic Clearing (ECG)E4.

  • By instructing the Bank to register any Proxy ID or any account in relation to the Faster Payment System, the Client confirms that the Client is the present genuine owner or authorized user of the relevant Proxy ID or account.

  • Faster Payment – 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 Faster Payments Scheme.


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 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
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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

  • 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.

  • Payment Ahead means, with respect to a Precomputed Receivable and a Collection Period, any Excess Payment (not representing, when added to any Deferred Prepayment with respect to such Precomputed Receivable, a prepayment in full of such Precomputed Receivable) which the Servicer, in accordance with its customary servicing practices, will apply towards the payment of Scheduled Payments due in one or more future Collection Periods.

  • Payment Schedule ’ means a schedule which sets out—

  • 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;

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