Instant Credit definition

Instant Credit means an Account application procedure designed to open Accounts whereby the application information is communicated to Bank either (i) verbally at Point of Sale; or (ii) systemically during the order entry process.

Instant Credit means [*].

Instant Credit means an Application procedure designed to open Accounts as expeditiously as possible at POS, whereby the Application information is communicated to the Bank systemically at POS or during the order entry process and without a paper Application being completed by an Applicant, through the electronic submission by the Applicant of a credit card or other Bank-approved identification to facilitate the necessary credit analysis required by the Risk Management Policies.

Examples of Instant Credit in a sentence

• If the MCA holder has adhered to the SCT Inst scheme by signing the SEPA Instant Credit Transfer Adherence Agreement, the RTGS DCA(s) (and any sub-accounts) shall not be opened or operated unless the MCA holder is and remains reachable at all times, either as a TIPS DCA holder or as a reachable party via a TIPS DCA holder.

• Reachable parties shall have adhered to the SCT Inst scheme by signing the SEPA Instant Credit Transfer Adherence Agreement.

• PM account holders that have adhered to the SCT Inst scheme by signing the SEPA Instant Credit Transfer Adherence Agreement shall be and shall remain reachable in the TIPS Platform at all times, either as a TIPS DCA holder or as a reachable party via a TIPS DCA holder.

• PM account holders may designate addressable BIC holders that have adhered to the SCT Inst scheme by signing the SEPA Instant Credit Transfer Adherence Agreement only if such entities are reachable in the TIPS Platform, either as a TIPS DCA holder or as a reachable party via a TIPS DCA holder.

• As such, organisations which are already Participants in the SEPA (Instant) Credit Transfer Scheme must provide the same reference BIC listed on their behalf in the SCT (Instant) Participant Register when adhering to one or both of the SDD Schemes.

More Definitions of Instant Credit

Instant Credit means a procedure whereby an Applicant is able to apply for a Program Card, either at POS or through online or other channels, in each case where Program Card Application information is collected from the Applicant directly or populated from information within Company’s database in accordance with the Operating Procedures, the Program Card Application is processed in real time by Bank, and if approved, the Applicant will receive an instant credit line and Account number which that Person may use to purchase Goods and Services.

Instant Credit means the generally applicable new Account acquisition process at Stage's physical POS via manual data entry, as in effect on June 1, 2012 and modified from time to time by agreement of the parties.

Instant Credit means an Application procedure designed to open Accounts as expeditiously as possible at POS, whereby the Application information is communicated to the Bank systemically at POS or during the order entry process and without a paper Application being completed by an Applicant, through the electronic submission by the Applicant of a credit card or other Bank- approved identification to facilitate the necessary credit analysis required by the Risk Management Policies.

Instant Credit means Pier 1’s POS new Account acquisition. See also Schedule 2.2 (b) regarding Quick Credit.

Instant Credit shall have the meaning set forth in Schedule 2.3.2.

Instant Credit is an application procedure designed to open Accounts at POS in stores, via a VRU, or through Retailer-designated websites. An Applicant’s application information, as specified in the Operating Procedures, as well as an email address and approval or disapproval of a debt cancellation product, is manually entered into the POS, signature capture device, telephone or web application and is systemically communicated to Bank for disposition. For the avoidance of doubt, Retailer, in its sole discretion, may require a valid “Reference Credit Card,” as specified in Section 5.2 of the Operating Procedures. THIS SCHEDULE HAS BEEN REDACTED AND IS THE SUBJECT OF A CONFIDENTIAL TREATMENT REQUEST PURSUANT TO RULE 24b-2. REDACTED MATERIAL IS MARKED WITH [***] AND HAS BEEN FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION. Schedule 3.6.1 Marketing Fund The Joint Marketing Plan shall be funded by Bank, or as otherwise may be set forth in the applicable Joint Marketing Plan, or as determined by the Management Committee. With respect to Bank’s contribution, beginning with the first anniversary of the Program Commencement Date, Bank shall allocate to the Marketing Fund annually an amount equal to [***] of the total amount of Net Credit Sales over the twelve (12) Retailer Fiscal Months immediately prior to such anniversary date, to be used in any month. All unused funds in the Marketing Fund [***]. Bank’s contribution to the Marketing Fund shall be utilized solely to promote Next Generation Marketing within the Program, including, but not limited to the following services, to be performed by Retailer or Bank, as appropriate. [***] Notwithstanding anything to the contrary herein, on the date that is thirty-six (36) months from the Program Commencement Date, [***] of the total number of Cardholders as of such date, then use of the Marketing Fund shall not be limited to Next Generation Marketing and may be used, at Retailer’s discretion, for any type of prospecting for additional Cardholders. Consistent with current practices, Retailer shall continue to fund and perform the following: [***] The Marketing Fund shall not be used towards the following items, [***]: • Expenditures related to the Transition Plan as identified in Schedule 2.1.1 • Plastic Credit Cards or documentation for Credit Cards • New Account terms and conditions documentation, envelopes, and mailing • Collateral materials for the Program such as take-one applications • Marketing of approved ancillary p...

Instant Credit means a Credit Card Application procedure for a Private Label Credit Card whereby the Credit Card Application information is communicated to Bank by Company either (i) verbally at the POS at the time of a transaction; or (ii) systemically during the order entry process.