Examples of Other Payment Services in a sentence
You may (i) initiate a one-time Payment Instruction to a Receiver via Zelle® for which processing shall be initiated immediately, (ii) schedule a one-time Payment Instruction to a Receiver via Other Payment Services for which processing shall be initiated at a later specified date up to one (1) year in the future, or (iii) schedule a recurring series of Payment Instructions to a Receiver via Other Payment Services for which processing shall be initiated on the specified dates.
Other Payment Services allow you to send money to a Receiver if you provide the Eligible Account information and other contact information for the Receiver and the transaction otherwise cannot be sent through Zelle®.
You also may use Other Payment Services to schedule a one-time payment to a Receiver for which processing will be initiated at a later specified date up to one (1) year in the future, or to schedule a recurring series of payments to a Receiver for which processing will be initiated on dates you specify.
For Other Payment Services, you can provide all the required information about the Receiver necessary to complete a transfer of funds, including his/her Eligible Account information.
However, depending on the options made available to you in the Other Payment Services application, you and the Receiver should not expect the payment funds to be transferred into the Receiver’s Eligible Account any earlier than the next Business Day following the specified date.
The following terms and definitions apply with respect to Zelle® and Other Payment Services.
You may initiate a Payment Instruction via Other Payment Services using the Receiver’s Eligible Account information.
In addition to the Zelle® Payment Service, we provide Other Payment Services.
Although future-dated payments and recurring payments may be scheduled using Other Payments Services outside of Zelle®, we may ultimately send those transactions via Zelle® when the applicable date of payment arrives, and to the extent we use Zelle® to send the payment transaction, the transaction is part of the Zelle® Payment Service, not the Other Payment Services.
Payments sent to you via Other Payment Services will be made available in accordance with the Funds Availability Policy applicable to your Eligible Account and the terms of the applicable Payment Network.