International Payment System definition

International Payment System international payment systems (payment network processors) VISA and Mastercard;
International Payment System means any payment card scheme, including but not limited to VISA, MasterCard®, Discover and American Express, and the rules and procedures governing the making and accepting of АРМ Payments as stipulated by the relevant АРМ Provider, including but not limited to payment agreements between an АРМ Provider and intermediary payment service providers and/or SafeGate, both hereinafter referred to as “the International Payment Systems”.
International Payment System means Visa International, Europay/ MasterCard, Amex, Discover, Union Pay and/or any other card scheme as may be applicable to the Merchant from time to time.

Examples of International Payment System in a sentence

  • IPS is acronym for International Payment System (e.g. Visa or MasterCard).

  • Acquirer or participate of International Payment System are the sole and exclusive owners of respective trademarks.

  • Operational since 2015, the China International Payment System (CIPS) handles cross-border RMB transactions for 11 hours a day, currently involving 19 banks, 8 of which are subsidiaries of non-resident banks.The liberalisation of payment cards also started recently, and important changes may occur in the long term due to the fact that since June 2016 international card companies have been allowed to clear card transactions, breaking up the monopoly of the Chinese card system UnionPay.

  • The Merchant shall indemnify direct and documented damages caused to the SafeGate as a result of court ruling stating the SafeGate must pay monetary funds the SafeGate shall deduct the Reserve Amount from the Transaction Amounts upon entrance of the Transaction Amounts from the International Payment System.

  • This approach is especially apt for review by the Colorado Supreme Court, which defines Colorado common law with its decisions.

  • Renminbi will be on an even footing with other global currencies: the renminbi cross-border payment clearing system China International Payment System (CIPS) will ensure global renminbi liquidity and will have similar operating hours, risk reduction and liquidity optimisation to currencies such as the US Dollar, Euro and Pound Sterling.5. Significant progress towards establishing Shanghai as an international financial centre.

  • Acquirer should be a member of International Payment System (IPS) viz.

  • International Payment System (IPS) means payment system "VISA International"/"MasterCard International Incorporated"/"UnionPay", which is an international association of banks and other credit organizations, which develops and implements and ensures functioning of card programs, products and services, establishes common rules of settlements between members of the International Payment System.

  • MasterCard MoneySend Transaction - Money transfer and / or transfer from one card included in the MasterCard International Payment System to the card included in the same or another payment system, which can be performed both within the territory of Georgia or abroad through the channels and according to the conditions defined by the relevant financial institution.2.1.37.

  • Adequacy considerations for emerging markets often incorporate financing of foreign currency imports over some horizon (e.g. three months) and having sufficient 1See discussions in ECB (2023) and Goldberg, Lerman, and Reichgott (2022).2US-owned Clearing House International Payment System (CHIPS) clears and settles $1.8 trillion in domestic and international payments per day.


More Definitions of International Payment System

International Payment System means any payment card scheme, including but not limited to VISA, MasterCard®, Discover and American Express, and the rules and procedures governing the making and accepting of АРМ Payments as stipulated by the relevant АРМ Provider, including but not limited to payment agreements between an АРМ Provider and intermediary payment service providers and/or Payment Provider, both hereinafter referred to as “the International Payment Systems”.

Related to International Payment System

  • payment system means a funds transfer system with formal and standardised arrangements and common rules for the processing, clearing and/or settlement of payment transactions;

  • Cash Payment System means a payment system that generates any transfer of funds through a transaction originated by cash, check, or similar paper instrument. This includes electronic payments to a financial institution or clearing house that subsequently issues cash, check, or similar paper instrument to the designated payee.

  • international flight means all flights other than Domestic Flights.

  • Retirement system means a retirement plan or system that is established by or pursuant to title 38.

  • international voyage means a voyage from a country to which the present Convention applies to a port outside such country, or conversely.

  • International air transportation means transportation by air between a place in the United States and a place outside the United States or between two places both of which are outside the United States.

  • Safety Management System means a systematic approach to managing safety, including the necessary organisational structures, accountabilities, policies and procedures;

  • Management System means an integrated set of interrelated and documented elements to prevent, control and improve the performance of a facility or group of facilities related to industrial safety, operational safety and environmental protection in the Hydrocarbons Sector.

  • Electronic Payment System means a payment system that generates any transfer of funds, other than a transaction originated by cash, check, or similar paper instrument, which is initiated through an electronic terminal, telephone, mobile phone, computer, or magnetic tape, for the purpose of ordering, instructing or authorizing a financial institution to debit or credit an account. The term includes debit cards, wire transfers, transfers made at automatic teller machines, and point-of-sale terminals.

  • settlement system means a system established and operated by the Bank to facilitate the transfer of funds for the discharge of payment and settlement obligations between system participants;

  • commercial air transport means an aircraft operation involving the transport of passengers, cargo, or mail for remuneration or hire.

  • International Student means a student holding a student visa for the purpose of obtaining an education in Australia and includes a student on a study abroad or international exchange program;

  • Database Management System (DBMS) A system of manual procedures and computer programs used to create, store and update the data required to provide Selective Routing and/or Automatic Location Identification for 911 systems. Day: A calendar day unless otherwise specified. Dedicated Transport: UNE transmission path between one of CenturyLink’s Wire Centers or switches and another of CenturyLink’s Wire Centers or switches within the same LATA and State that are dedicated to a particular customer or carrier. Default: A Party’s violation of any material term or condition of the Agreement, or refusal or failure in any material respect to properly perform its obligations under this Agreement, including the failure to make any undisputed payment when due. A Party shall also be deemed in Default upon such Party’s insolvency or the initiation of bankruptcy or receivership proceedings by or against the Party or the failure to obtain or maintain any certification(s) or authorization(s) from the Commission which are necessary or appropriate for a Party to exchange traffic or order any service, facility or arrangement under this Agreement, or notice from the Party that it has ceased doing business in this State or receipt of publicly available information that signifies the Party is no longer doing business in this State.

  • National Ambient Air Quality Standards or “NAAQS” means national ambient air quality standards that are promulgated pursuant to Section 109 of the Act, 42 U.S.C. § 7409.

  • air traffic control service means a service provided for the purpose of:

  • Database Management System (“DBMS”) is a computer process used to store, sort, manipulate and update the data required to provide Selective Routing and ALI.

  • Earned value management system means an earned value management system that complies with the earned value management system guidelines in the ANSI/EIA-748.

  • International Plan means any Employee Plan that is not a US Plan.

  • Energy Management System means a set of interrelated or interacting elements of a plan which sets an energy efficiency objective and a strategy to achieve that objective;

  • Private sewage disposal system means a system which provides for the treatment or disposal of domestic sewage from four or fewer dwelling units or the equivalent of less than sixteen individuals on a continuing basis.

  • International airport means an airport:

  • Double Phase Aerosol Air Freshener means an aerosol air freshener with the liquid contents in two or more distinct phases that requires the product container be shaken before use to mix the phases, producing an emulsion.

  • Service Management System (SMS) means an off-line system used to access, create, modify, or update information in a Database.

  • air traffic control unit means a generic term meaning variously, area control centre, approach control unit or aerodrome control tower;

  • Displacement system means a device enabling the adult seat or one of its parts to be displaced angularly or longitudinally, without a fixed intermediate position, to facilitate the entry and exit of passengers and the loading and unloading of objects.

  • Adjustment system means the complete device by which the vehicle seat or its parts can be adjusted to suit the physique of the seat's adult occupant; this device may, in particular, permit longitudinal displacement, and/or vertical displacement, and/or angular displacement.