Mistaken Payment definition

Mistaken Payment means an NPP Payment, made by a payer who is a ‘user’ for the purposes of the ePayments Code, which is erroneously credited to the wrong account because of the payer’s error
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Mistaken Payment means a payment instruction to a Seller for an amount which is not in accordance to the payment instruction or contain errors in the payment instruction resulting in payments being debited from the wrong Buyer, containing incorrect QR code or reference number with the wrong amount, being duplicated or being not completed or failed.
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Mistaken Payment means an electronic transaction performed wholly or predominantly for personal, domestic or household purposes which results in funds being paid into a wrong account, whereby the payer enters or selects a BSB, account number and/or other identifier that does not belong to the named and/or intended recipient as a result of:
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Examples of Mistaken Payment in a sentence

  • Bhd; Mistaken Payment Instruction A payment that is made, or not made, to a person or for an amount which is not in accordance with a Payer’s Payment Instructions or contains an error in the Payment Instructions from the Payer resulting in payments which: • are directed to the wrong Customers; • contain incorrect Recipient Reference Numbers; • carry the wrong amount; or • are duplicated.


More Definitions of Mistaken Payment

Mistaken Payment means a payment instruction to a Merchant for an amount which is not in accordance to the payment instruction or contain errors in the payment instruction resulting in payments being debited
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Mistaken Payment means a payment, initiated by a Payer, who is a ‘user’, as that term is defined in the ePayments Code, which, as a result of the Payer’s error is directed to the wrong Account.
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Mistaken Payment means an electronic payment made by a customer where the funds are paid into the wrong person’s account where the customer enters or selects a BSB, account number and/or other identifier that does not belong to the named and/or intended person as a result of:• the customer’s error, or• the customer being advised of the wrong BSB account number and/or other identifier.This does not include payments made using Bpay®.
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Related to Mistaken Payment

  • Down payment means all partial payments, whether made in cash or otherwise, received by or for the benefit of the seller before or substantially contemporaneous with either the execution of the installment sale contract or the delivery of the motor vehicle sold under that contract, whichever occurs later.

  • Co-payment means a relatively small amount of money paid by the insured person towards the cost of each day in a private hospital per episode of care, with Latrobe paying the rest of the cost.

  • PAGA Payment means the penalties pursuant to PAGA that the Parties have agreed is a

  • Improper Payment means: (a) any payment, offer, gift or promise to pay or authorization of the payment or transfer of other things of value, including without limitation any portion of the compensation, fees or reimbursements received hereunder or the provision of any service, gift or entertainment, directly or indirectly to (i) a Government Official; (ii) any director, officer, employee or commercial partner of a Party or its Affiliates; or, (iii) any other person at the suggestion, request or direction or for the benefit of any of the above-described persons and entities, for purposes of obtaining or influencing official actions or decisions or securing any improper advantage in order to obtain, retain or direct business; (b) payments made and expenses incurred in connection with performance of obligations under this Agreement that are not made and recorded with sufficient accuracy, detail, and control to meet the standards in applicable Anti-Corruption Laws; or, (c) any other transaction in violation of applicable Anti- Corruption Laws.

  • Overpayment means payment in excess of the required fee. Overpayment of less than $10 received by the board shall not be refunded.

  • PRE-PAYMENT The Tenant shall: (check one) ☐ - Pre-Pay Rent in the amount of $ for the term starting on and ending on . The Pre-Payment of Rent shall be due upon the execution of this Agreement. ☐ - Not be required to Pre-Pay Rent.

  • Debit Payment means a particular transaction where a debit is made.

  • Deficiency Payment has the meaning set forth in Section 9(a).

  • Loan Payment means any amount payable by the Loan Parties to the Bank pursuant to the Legal Agreements or these General Conditions, including (but not limited to) any amount of the Withdrawn Loan Balance, interest, the Front-end Fee, interest at the Default Interest Rate (if any), any prepayment premium, any transaction fee for a Conversion or early termination of a Conversion, any premium payable upon the establishment of an Interest Rate Cap or Interest Rate Collar, and any Unwinding Amount payable by the Borrower.”

  • Settlement Payment means the transfer, or contractual undertaking (including by automated clearing house transaction) to effect a transfer, of cash or other property to effect a Settlement.

  • Tariff Payment means the payments to be made under Monthly Bills as referred to in Article 10 and the relevant Supplementary Bills;

  • Balloon Payment shall have the meaning assigned to such term in the Servicing Agreement or such other analogous term used in the Servicing Agreement.

  • Monthly Payment The scheduled monthly payment of principal and interest on a Mortgage Loan.

  • Payment means any payment or distribution in the nature of compensation (within the meaning of Section 280G(b)(2) of the Code) to or for the benefit of the Executive, whether paid or payable pursuant to this Agreement or otherwise.

  • Actual Payment means, with respect to a Receivable and a Collection Period, all payments received by the Servicer from or for the account of the related Obligor on such Receivable during such Collection Period, net of any Supplemental Servicing Fees attributable to such Receivable.