International Payment System definition

International Payment System international payment systems (payment network processors) VISA and Mastercard;
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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”.
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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.
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Examples of International Payment System in a sentence

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

  • The Bank shall open bank accounts and effect all transactions thereon in strict compliance with the laws of the Republic of Kazakhstan, the International Payment System Operation Rules, the Comprehensive Individual Service Agreement, and other agreements concluded between the Bank and the Client.

  • The electronic database of the Bank's processing system, which records all Transactions registered in the register of electronic transactions, Refund and Reversal operations performed by the Bank at the request of the Client, Disputed Transaction amounts declared in International Payment System Incidental Cycles, as well as the International Cash Register system.

  • To ensure that the Direct Member’s Operators study the «User Guidelines on International Payment System «MY TRANSFER» Software” (Annex “FRONT OFFICE” to System Software) available at System SW in “Documents” Section and could be reviewed and studied by the Operator as well as to ensure the unconditional application of the Rules.

  • In cases where the amount received by the Company from International Payment Systems, Acquiring Partners, or APM Systems is less than the total Transaction Amounts, the Company shall transfer to the Merchant only the amounts actually received, after deducting applicable fees, charges, and other sums as stipulated in Clause 3.2. The Company may: submit statistical information about Transactions to the respective International Payment System or APM System upon request.

  • 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.

  • 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.

  • If the Client fails to ensure the completion of the Transaction within the period specified in the International Payment System regulations, the Pre-Authorization will be considered canceled and the Issuer will remove the block on the Transaction amount.

  • International Payment System – an international payment network, including but not limited to VISA Europe or Mastercard Worldwide.

  • Only the validity period, card number, logos of the Bank and the International Payment System are indicated on a non-personalized card, in addition, the identifier of a non-personalized card can be indicated.