Member bank definition

Member bank means a national bank, state bank, or trust company which is a member of the United States federal reserve system.
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Member bank means a member of VISA®, MasterCard® and/or Other Networks, as applicable, that provides sponsorship services in connection with this Agreement.
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Member bank means a bank which is approved by MAS pursuant to section 29A of the Monetary Authority of Singapore Act to participate in MEPS+;
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Examples of Member bank in a sentence

  • We may exercise any rights or remedies in this Agreement individually or jointly with Member Bank, and may likewise exchange or allocate the duties and obligations each owes to you.

  • We may suspend or cease providing any Services to you in response to a Member Bank, Network, or Association request.

  • In addition to our other collection rights in this Agreement, you expressly authorize us or our affiliate to collect amounts due us or our affiliate by debiting any deposit account you maintain with Member Bank.

  • Our control of the Secured Assets with Member Bank constitutes a perfected interest under Article 9 of the Uniform Commercial Code.

  • This includes your liability for chargebacks and reversals, your duty to indemnify us and Member Bank, and your duties with respect to account maintenance.


More Definitions of Member bank

Member bank means a national bank, state bank or trust company that is a member of the Federal Reserve System and through which an insurer participates in the Federal Reserve book-entry system.
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Member bank means any national bank, state bank or banking and trust company which becomes a member of the Federal Reserve System;
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Member bank means a member of VISA and/or MasterCard which is authorized by such association(s) to enter or receive transactions into (or from) such association(s) settlement and authorization systems, and to participate in such association(s) charge card program.
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Member bank means a national bank, state bank, or trust
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Member bank means any national bank, state bank, savings bank or banking and trust company which has become or which becomes a member of the Federal Reserve System.
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Member bank means a national bank, state bank or trust company which is a member of the Federal Reserve System through which an insurance company participates in the federal reserve book-entry system;
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Member bank shall collectively refer to Acquirer and Bank.
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