Payables Service definition
Examples of Payables Service in a sentence
For every Data File that is submitted to the Bank through the Integrated Payables Service, the system will automatically perform duplicate Data File checking.
The Setup Fee for the Integrated Payables Service is nonrefundable.
Each check on the Data File will be printed in accordance with the check’s format specifications which are established within the Integrated Payables Service.
For all payment instructions transmitted to Bank using the Integrated Payables Service, files must conform to the sample Data File that you provide to Bank, and that Bank approves.
You may elect to receive additional vendor registration assistance services (the “Vendor Enrollment Service”) for use in connection with the Integrated Payables Service.
You shall provide Bank with a sample Data File and corresponding file record layout prior to receiving the Integrated Payables Service.
In order to elect ACH payments as part of the Integrated Payables Service, the Bank must have agreed to provide you ACH Origination Service and you must have a signed Commercial Online Banking Appendix.
In order to elect wire transfer payments as part of the Integrated Payables Service, the Bank must have agreed to provide you wire transfer service and you must have a signed Commercial Online Banking Appendix.
Except as otherwise provided in this Integrated Payables Service Schedule, the terms and conditions for the ACH Origination Service will govern each entry which, in accordance with your integrated payables data file, the Bank creates, formats and transmits to settle through ACH, including without limitation, those relating to exposure limits and delays or suspension of processing.
If this Integrated Payables Service Schedule is terminated in the middle of the month, you are still responsible to pay any monthly fees for the entire month as well as any usage-based fees up until the point of cancellation.