Payment Initiator definition

Payment Initiator means an approved payment service provider who, whether acting on behalf of you or a merchant, is authorised by you to initiate payments from your account
Payment Initiator means a payment service provider who, acting on behalf of a Merchant, is authorised by the Merchant to establish PayTo Payment Agreements and/or initiate PayTo payments from your account.
Payment Initiator means a card holder or account holder who initiates a payment with the Service for the purpose of paying a Merchant for goods and/or services.

Examples of Payment Initiator in a sentence

  • The Reports tab is available for both Administrator and Payment Initiator roles.

  • The Reportstab is available for both Administrator and Payment Initiator roles.

  • You are responsible for ensuring the information you provide to the merchant or Payment Initiator is correct.

  • Before pausing a Payment Agreement you should ensure this will not breach, or result in a breach of, any contract you have with the merchant or Payment Initiator.

  • You may amend, pause (and resume), cancel or transfer your Migrated DDR Mandates, and will receive notice of amendment, pause or resumption, or cancellation initiated by the merchant or Payment Initiator of your Migrated DDR Mandates, in the same manner as for other Payment Agreements.

  • A merchant or Payment Initiator who has an existing direct debit arrangement with you, may migrate it to a Payment Agreement, as a Migrated DDR Mandate.

  • You may not request us to amend the details of the merchant or Payment Initiator, or another party.

  • We will notify you of the creation of a Payment Agreement, and provide details of the merchant or Payment Initiator, the payment amount and payment frequency (if these are provided) to seek your confirmation of the Payment Agreement.

  • You are responsible for complying with the terms of any agreement that you have with a merchant or Payment Initiator, including any termination notice periods.

  • A merchant or Payment Initiator may cancel a Payment Agreement to which you are a party, in which case we will promptly notify you of that cancellation.


More Definitions of Payment Initiator

Payment Initiator means a payment service provider who, whether acting on behalf of the Payer Customer or a Payee Customer, is authorised by the Payer customer to initiate payments from the payer customer’s account. 24 Ph: 1300 611 406enquiries@zepto.com.au www.zepto.com.auSTv1.0(June 2023) 3 Authorised Payment Mandate3.1 Creating an Authorised Payment Mandate

Related to Payment Initiator

  • Program Manager refers to the professional management firm selected by the Owner as the Owner’s representative for the Project, and its employees and consultants.

  • Child support services means any civil, criminal or administrative action taken by the Division of