Payment instrument definition

Payment instrument means any personalised device(s) and/or set of procedures agreed between the payment service user and the payment service provider and used in order to initiate a payment order;

Payment instrument means a check, draft, money order, traveler’s check, or other instrument for the transmission or payment of money or monetary value, whether or not negotiable. The term does not include a credit card voucher, letter of credit, or instrument that is redeemable by the issuer in goods or services.

Payment instrument means a check, draft, money order,

Examples of Payment instrument in a sentence

• We will cancel funds made available to Recipients by way of cash collection if they are not validly collected within 60 calendar days of when they were first made available and to the extent possible, refund the amounts to the Payment Instrument used to send the payment (further subject to the timings and conditions set by our payment processing partners).

• A photocopy of the Payment Instrument is not an acceptable substitute for an imprint.

• The merchant will never submit to Paynovate a Payment Transaction initiated in the absence of the holder of the Payment Instrument or the Payment Instrument (e.g. telephone or mail orders, e-commerce, mobile commerce) unless Paynovate explicitly authorizes, as set forth in the Purchase Order, or any subsequent document.

• With respect to any Settled Transaction or Conveyed Transaction for which a Payment Instrument is not physically presented, such as in any on-line, mail, telephone, pre- authorized or recurring Transaction, you must (i) have notified us on your application or otherwise in writing of your intention to conduct such Transactions and secured our agreement to accept them; and (ii) have appropriate procedures in place to ensure that each Transaction is made to a purchaser who actually is the Customer.

• If the Payment Instrument you used to pay for the original Transaction is no longer valid and we are unable to find a mutually acceptable solution, we are under no obligation to make the refund.

More Definitions of Payment instrument

Payment instrument means any electronic or written check, draft, money order, traveler's check, or other electronic or written instrument or order for the transmission or payment of money, sold or issued to one or more persons, whether or not such instrument is negotiable. The term "payment instrument" does not include any credit card voucher, any letter of credit, or any instrument that is redeemable by the issuer in goods or services.

Payment instrument means any electronic or written check, draft, money order, travelers check, or other wire, electronic, or written instrument or order for the transmission or payment of money, sold or issued to 1 or more persons, whether or not the instrument is negotiable. The term includes any closed-loop prepaid access or prepaid access device or vehicle. The term does not include any credit card voucher, letter of credit, or tangible object redeemable by the issuer in goods or services.

Payment instrument means a written or electronic check, draft, money order, traveler’s check, or other written or electronic instrument for the transmission or payment of money or monetary value, whether or not negotiable. The term does not include a credit card voucher, letter of credit, or instrument that is redeemable by the issuer in goods or services. stored value or any instrument that (A) is redeemable by the issuer only for goods or services provided by the issuer or its affiliate or franchisees of the issuer or its affiliate, except to the extent required by applicable law to be redeemable in cash for its cash value; or (B) not sold to the public but issued and distributed as part of a loyalty, rewards, or promotional program.

Payment instrument means a check, draft, money order, traveler’s check, stored-value, or other instrument or order for the transmission or payment of money or monetary value, sold to one or more persons, whether or not that instrument or order is negotiable. “Payment instrument” does not include an instrument that is redeemable by the issuer or an affiliate in merchandise or service, a credit card voucher, or a letter of credit.

Payment instrument means any instrument, whether tangible or intangible, that enables a person to obtain money, goods or services or to otherwise make payment;

Payment instrument means any cheque, traveler’s cheque, demand draft, cashier’s order, money order, postal order or other similar instrument.

Payment instrument means any personalised device or procedure made available by the Bank to the Account Holder which will allow the Account Holder execute a payment transaction on the Account e.g. phone or online banking security devices;