Interchange System definition
Examples of Interchange System in a sentence
The Wage Record Interchange System (WRIS) has been developed to facilitate the interstate exchange of wage data between participating states for the purpose of assessing and reporting on state and local performance for programs authorized under the Workforce Investment Act of 1998 (WIA), under other statutory provisions authorizing programs identified as One-Stop partners in the WIA, and for other purposes allowed under law.
This Agreement relates to unemployment compensation (UC) information governed by 20 CFR Part 603 (the Federal regulation on confidentiality and disclosure of state UC program information), and by the terms of the State Wage Interchange System (SWIS) Agreement, to which ▇▇▇▇▇ is a party.
An Access ▇▇▇▇▇, as defined in Section V.N. of the SWIS Data Sharing Agreement, is a ▇▇▇▇▇ that requests data from the State Wage Interchange System on behalf of the state educational authority.
Electronic Data Interchange System (the EDI System) – the system intended to interchange electronic documents pursuant to the EDI Rules.
You acknowledge that (i) the amounts of any such expenses and other charges shall automatically and contemporaneously reflect any increases in charges to PRI from an Interchange System or third-party vendor without prior notice to you, and (ii) the amounts of any such fees may be increased at any time and from time to time by PRI and/or Agent Bank, as applicable, in their respective sole discretion upon fifteen (15) days prior written notice to you.
Any increase in the monthly fee imposed from time to time by an Interchange System to maintain your membership therein shall automatically and contemporaneously increase the Minimum Monthly Fee by a like amount, without prior notice to you.
The Interchange System requires you to retain either the original or a microfilm copy original of all records of each Bank Card Transaction, including any refunds or credits, for a minimum period of three years from the processing date.
The Wage Record Interchange System 2 (WRIS2) has been established to facilitate the preparation of Aggregate Statistical Reports and analyses to satisfy the reporting and performance requirements for certain Federal or state training and education programs and to allow data for research and evaluation of those programs to be made available while maintaining the confidentiality of personal identifiable information.
You agree to indemnify and hold harmless PRI or its designated Settling Bank, the Interchange System, and their respective members for any failure by you to comply with the Operational Rules.
Representatives of PRI and the Interchange System may, during normal business hours, inspect, audit, and make copies of your books, accounts, records, and files pertaining to any Bank Card Transaction or the Program.