Non-Qualified Transactions definition

Non-Qualified Transactions means: (i) any Transaction submitted for processing more than 48 hours past the time the Authorization occurred; (ii) any Transaction missing required data; and (iii) any Transaction categorized as such by the processor designated by Bank to settle Transactions with the Associations.
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Non-Qualified Transactions means: (i) any Transaction submitted for processing more than 48 hours past the time the Authorization occurred; (ii) any Transaction missing required data; and (iii) any Transaction designated as such by the organization designated by Bank to settle Transactions with the Associations.
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Non-Qualified Transactions means: (i) any Transaction submitted for processing more than 24 hours past the time the Authorization occurred; (ii) any Transaction missing requireddata;
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Examples of Non-Qualified Transactions in a sentence

  • Different Merchant Discount Rates apply to Qualified, Mid-Qualified and Non-Qualified Transactions, as shown on the Application.

  • Different Merchant Discount Rates apply to Qualified, Mid-Qualified and Non-Qualified Transactions, as shown on the Addendum.

  • Different Merchant Discount Rates apply to Qualified, Mid-Qualified, and Non-Qualified Transactions, as shown on the Application.

  • Different Merchant Discount Rates may apply to Qualified, Mid-Qualified and Non-Qualified Transactions, as shown on Schedule A.


More Definitions of Non-Qualified Transactions

Non-Qualified Transactions means: (i) any Transaction submitted for processing more than 24 hours past the time the issuer authorization occurred; (ii) any Transaction missing required data. Operating Account: A technical account in the name of a Merchant within PAYSTRAX’s systems, that holds the settlement position of the Merchant, in accordance to the Merchant Framework Agreement. PA-DSS: Payment Application Data Security Standard. A security standard for payment equipment in accordance with the security requirements of PCI DSS, cf. below. See further information on xxxxx://xxx.xxxxxxxxxxxxxxxxxxxx.xxx
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Non-Qualified Transactions shall refer to transactions that do not qualify at the expected consumer interchange level by Visa®, MasterCard®, and Discover® Network. .
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Non-Qualified Transactions or "NQr' means any item not received by FNBN and HMS within two (2) calendar days from the authorization date aod any transaction excluded from the QT criteria set forth in subparagraph h immediately below. The authorization date and the FNBN andlor HMS processing date are esch counted
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Non-Qualified Transactions means: (i) any Transaction submitted for processing more than 24 hours past the time the Authorization occurred; (ii) any Transaction missing required data. PA DSS: Payment Application Data Security Standard. A security standard for payment equipment in accordance with the security requirements of PCI DSS, cf. below. Payment account: Account in the name of a merchant at KORTA that is used for making payments. Payment card: Domestic debit cards, the international payment cards that an agreement covers, e.g., MasterCard, Maestro, Visa, Visa Electron and V PAY. Payment cards, such as debit and credit cards, are also defined as an example of a payment medium under the Act on Payment Service no. 120/2011. Payment service provider: Service provider handling payment information and card payments on behalf of a merchant. KORTA is a payment service provider, as a payment institution, cf. subpar. 14 (g) of Art. 8 of the Act on Payment Service no. 120/2011. Payment system: A system to transfer amounts of money formally in a standardised arrangement and mutual rules on the handling, clearance and/or settlement of payments. PCI DSS (Payment Card Industry Data Security Standard): Security requirements of payment card companies that all parties handling card information shall all fulfil. See further information on xxxxx://xxx.xxxxxxxxxxxxxxxxxxxx.xxx. PIN: PIN stands for Personal Identification Number, a personal PIN related to a payment card. A PIN can be an example of a unique identifier, in the meaning of subpar. 21. of Art. 8 of Act on Payment Service no. 120/2011. Pre-Authorized Recurring Order Transactions: mean Transactions that have been pre-authorized by the Cardholder and for which the goods or services are to be delivered or performed in the future by Merchant without having to obtain approval from the Cardholder each time.
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Related to Non-Qualified Transactions

  • Specified Transactions means (a) any Specified Disposition, (b) any Permitted Acquisition and (c) the Transactions.

  • Specified Transaction will have the meaning specified in Section 14 of this Agreement.

  • Permitted Transactions has the meaning set forth in Section 13(B).

  • Qualified Transferee means an “accredited investor” as defined in Rule 501 promulgated under the Securities Act.

  • Qualified Acquisition means any acquisition of either or both the capital stock or assets of any Person or Persons (or any portion thereof), or the last to occur of a series of such acquisitions consummated within a period of six consecutive months, if the aggregate amount of Indebtedness incurred by one or more of the Company and its Subsidiaries to finance the purchase price of, or assumed by one or more of them in connection with the acquisition of, such stock and property is at least $100,000,000.

  • Subject Transaction as defined in Section 6.8(d).

  • Bundled transaction means the purchase of 2 or more distinct and identifiable products, except real property and services to real property, where the products are sold for a single nonitemized price. A bundled transaction does not include the sale of any products in which the sales price varies, or is negotiable, based on the selection by the purchaser of the products included in the transaction. As used in this subdivision:

  • Permitted Transaction means any transaction involving (i) a Swap that is not a Required Transaction or (ii) a Required Transaction that is a component of a Covered Package Transaction.

  • New Non-Qualifying Jobs means the number of Non-Qualifying Jobs, as defined in 34 TEXAS ADMIN. CODE Section 9.1051(14), to be created by the Applicant after the Application Approval Date in connection with the project which is the subject of its Application.

  • Specified Acquisition Period means a period elected by the Borrower that commences on the date elected by the Borrower, by notice to the Administrative Agent, following the occurrence of a Specified Acquisition and ending on the earliest of (a) the third Quarterly Testing Date occurring after the consummation of such Specified Acquisition, (b) the date designated by the Borrower as the termination date of such Specified Acquisition Period, or (c) the Quarterly Testing Date on which the Borrower is in compliance with Section 7.09 as such compliance is determined as if such period was not a Specified Acquisition Period; provided, in the event the Leverage Ratio exceeds 5.00 to 1.00 as of the end of any Fiscal Quarter in which a Specified Acquisition has occurred, the Borrower shall be deemed to have so elected a Specified Acquisition Period with respect thereto on such last day of such Fiscal Quarter, and provided, further, following the election (or deemed election) of a Specified Acquisition Period, the Borrower may not elect (or be deemed to have elected) a subsequent Specified Acquisition Period unless, at the time of such subsequent election, the Leverage Ratio does not exceed 5.00 to 1.00; and provided further with respect to a Specified Acquisition by an Unrestricted Subsidiary or a joint venture, a Specified Acquisition Period may be elected by the Borrower (or may be deemed elected by the Borrower) only if the consideration for such Specified Acquisition is raised by the Borrower or a Subsidiary. Only one Specified Acquisition Period may be elected (or deemed elected) with respect to any particular Specified Acquisition.

  • Specified Acquisition means one or more acquisitions of assets, Equity Interests, entities, operating lines or divisions in any fiscal quarter for an aggregate purchase price of not less than $50,000,000.

  • Exempt Transaction means an increase in the percentage of the outstanding shares of Common Stock or the percentage of the combined voting power of the outstanding Voting Stock of the Company beneficially owned by any Person solely as a result of a reduction in the number of shares of Common Stock then outstanding due to the repurchase of Common Stock or Voting Stock by the Company, unless and until such time as (a) such Person or any Affiliate or Associate of such Person shall purchase or otherwise become the Beneficial Owner of additional shares of Common Stock constituting 1% or more of the then outstanding shares of Common Stock or additional Voting Stock representing 1% or more of the combined voting power of the then outstanding Voting Stock, or (b) any other Person (or Persons) who is (or collectively are) the Beneficial Owner of shares of Common Stock constituting 1% or more of the then outstanding shares of Common Stock or Voting Stock representing 1% or more of the combined voting power of the then outstanding Voting Stock shall become an Affiliate or Associate of such Person.