Payment Brands definition

Payment Brands means Visa, MasterCard, Amex, JCB, Discover and others having proprietary rights to processing, clearing and oversight responsibilities with respect to any payment instrument licensed by these entities for payment-related transactions.
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Payment Brands means the PCI Security Standards Council, LLC, American Express, Visa, U.S.A., Inc., MasterCard International, Inc., Discover Financial Services, LLC, and any other credit card, debit card, or other payment network.
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Payment Brands means Visa U.S.A., Inc., MasterCard International, Inc., American Express Travel Related Services Company, Inc., DFS Services LLC (the owner of Discover) and their Affiliates, or any other payment networks offered by T1 Payments and accepted by Merchant.
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Examples of Payment Brands in a sentence

  • Without limiting the generality of the foregoing, PCI SSC may offer Remediation in connection with any quality assurance audit, any Violation (defined below) or any other PCI SSC Program-related quality concerns, including but not limited to unsatisfactory feedback from QSA Company customers or Participating Payment Brands.

  • Similarly, IC 4-2-6-9(a)(4) prohibits Mr. Hawkins from participating in any decision or vote, or matter related to any such decision or vote, in which a person or organization with whom he is negotiating or has an arrangement concerning prospective employment has a financial interest in the outcome of the matter.

  • Once your account has been deregistered or terminated you must ceases the use of the Paymate and the Payment Brands Marks or logos immediately.

  • Seller understands that failure to comply with the Industry Security Guidelines may result in the imposition of fines and/or penalties by the Payment Brands, governmental entities or other third parties, and Seller agrees to indemnify and reimburse Purchaser immediately for any fine or penalty imposed on, or fees, expenses or other losses inuring to, Purchaser due to Seller’s breach of this Section or Seller’s violation of the Industry Security Guidelines.

  • For purposes of this Agreement “Security Standards” means all security protocols, advisories, standards and guidelines required by the Payment Brands.

  • The quality status level of a P2PE Assessor is determined by PCI SSC based on review of submissions, feedback from clients and/or Participating Payment Brands and compliance with P2PE Program requirements.These levels are not progressive.

  • In order to prevent the occurrence of fraudulent transactions, T1 Payments may impose reasonable limits on the amount or number of purchases that may be charged to an individual Cardholder account during any time period, or refuse to accept orders from Cardholders with a prior history of Chargebacks, fraudulent transactions or other activity that is prohibited by banks or the Payment Brands, or other questionable charges as determined in T1 Payments’ sole and absolute discretion.

  • Merchant shall be responsible for paying any and all Penalties assessed by the Payment Brands a n d a p p l i c a b l e b a n k against T1 Payments related to Merchant’s activities or the processing of Merchant’s Card transactions, plus 20% of such Penalties as an administrative fee in communicating with the Payment Brands and managing the delivery of documents and other information related to the Merchant as may be requested by the Payment Brands.

  • T1 Payments will cancel and Refund any suspicious transaction that cannot be verified as valid to T1 Payments’ satisfaction, and may Refund any transaction reported by the Payment Brands or the banks in order to avoid Chargebacks.

  • Chase Paymentech will not be liable for any delays in receipt of funds or errors in Settlement Account entries caused by third parties, including, without limitation, delays or errors by the Payment Brands or Merchant’s bank.

Related to Payment Brands

  • Payment Ahead means, with respect to a Precomputed Receivable and a Collection Period, any Excess Payment (not representing, when added to any Deferred Prepayment with respect to such Precomputed Receivable, a prepayment in full of such Precomputed Receivable) which the Servicer, in accordance with its customary servicing practices, will apply towards the payment of Scheduled Payments due in one or more future Collection Periods.

  • payment system means a funds transfer system with formal and standardised arrangements and common rules for the processing, clearing and/or settlement of payment transactions;

  • Payment device means any credit card as defined in 15 U.S.C. § 1602(k) or any "accepted card or

  • Mistaken Internet Payment means a payment by a user through a ‘Pay Anyone’ internet banking facility and processed by an ADI through direct entry where funds are paid into the account of an unintended recipient because the user enters or selects a Bank/State/Branch (BSB) number and/or identifier that does not belong to the named and/or intended recipient as a result of:

  • Payment Services means such Services as We provide in relation to payments into and out of Your Account.

  • payment service provider means a person whose business includes the provision of transfer of funds services;

  • Payment Network means a debit or credit network (such as the ACH Network or ACCEL / Exchange payment network) through which funds may be transferred.

  • Delta Payment means as it is described in this Agreement.

  • Account Manager means a Person that acts as an agent and attorney-in- fact to buy or sell Swaps via the SEF operated by BSEF in the name and on behalf of another Person. An Account Manager may also be a Participant.

  • Grenfell Tower support payment means a payment made to a person because that person was affected by the fire on 14th June 2017 at Grenfell Tower, or a payment to the personal representative of such a person—

  • Agreement Payment means a Payment paid or payable pursuant to this Agreement.

  • Payment card means a credit card, charge card, debit card, or any other card that is issued to an authorized card user and that allows the user to obtain, purchase, or receive goods, services, money, or anything else of value from a merchant.

  • Reimbursement Payment shall have the meaning given to that term in Subparagraph 2.02(c).

  • Cash Payment System means a payment system that generates any transfer of funds through a transaction originated by cash, check, or similar paper instrument. This includes electronic payments to a financial institution or clearing house that subsequently issues cash, check, or similar paper instrument to the designated payee.

  • Payment Initiation Service Provider or “PISP” means an authorised third party provider which provides a service that allows that third party to pass payment instructions to us on your behalf in relation to your Account.

  • payment service means any business activity set out in Annex I;

  • Distribution Services means the service of distribution, as defined in section 5 of the Act;

  • Payment Amount as defined in Section 3.5.

  • Payment Business Day means a day on which commercial banks are open for business (including dealings in foreign exchange and foreign currency deposits) in Stockholm and Frankfurt am Main and on which the Clearing System settles payments in the Issue Currency.

  • Net Payment means the amount the Issuer or any paying agent pays the Holder after deducting or withholding an amount for or on account of any present or future tax, assessment or other governmental charge imposed with respect to that payment by a taxing authority (including any withholding or deduction attributable to additional amounts payable pursuant to this Section).

  • Distribution Network means a 'distribution network' as defined in Special Condition E2A of the Transporter's Licence held by each DN Operator;

  • Progress Payment means a payment by a public agency to a contractor for work in place under the terms of a construction contract.

  • Payment Recipient has the meaning assigned to it in Section 11.12(a).

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

  • Payment Plan means the schedule of payment prescribed in Schedule C;

  • payment service user means a natural or legal person making use of a payment service in the capacity of either payer or payee, or both;