FPS Transactions definition

FPS Transactions means transactions involving funds transfers effected through FPS as defined in the FPS Rules.
Sample 1Sample 2Sample 3
FPS Transactions means transactions involving funds transfers effected through FPS including those initiated by Credit Transfer Instructions, Direct Debit Instructions, SI Direct Credit Transactions, SI Direct Debit Transactions, Balance-triggered Balance Sweeping Transactions and Transaction-triggered Balance Sweeping Transactions and for the avoidance of doubt (but without limitation), the general administrative or system messages transmitted through FPS.
Sample 1Sample 2Sample 3
FPS Transactions means those transactions as between the Merchant and Customer permissible under this Schedule in relation to which the FPS Merchant Service are supplied;
Sample 1

Examples of FPS Transactions in a sentence

  • FPS Optimiser effected through FPS can be enabled to enhance system efficiency by increasing the number of relevant FPS Transactions which can be processed by FPS (either through the FPS Optimiser or Rule 6.2.2 or 6.2.3 as applicable) at a given time.

  • For the avoidance of doubt, a Participant can initiate funds transfers to itself in respect of FPS Transactions.

  • All FPS Transactions involving payments or funds transfers shall be settled as provided in Part VI of these FPS Rules.

Related to FPS Transactions

  • Card Transactions means the value of goods and services purchased by means of the Card, and evidenced by sales receipt, or cash withdrawals effected with his Card, or at any point of sale.

  • Contactless Transaction means a Transaction that is authorised by you touching or holding your Card or linked device against or near a POS Terminal without the need to insert your Card.