Payment Machine definition

Payment Machine means a machine that accepts a Credit Card as payment for a transaction.
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Payment Machine or “POS (Point of Sale) terminal” means an electronic machine that accepts a Credit Card and/or card details as payment for a transaction.
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Payment Machine means a machine capable of accepting a Card as payment for a transaction;
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Examples of Payment Machine in a sentence

  • To authorise a transaction the Cardholder must enter the PIN on the PIN pad attached to the Payment Machine.

  • You may use the Credit Card in conjunction with the PIN at a Payment Machine.

  • If we do this, the Payment Machine will display the information that the Transaction has been declined and/or we may write to you and/or contact you by telephone and/ or any other form of communication you have requested.

  • If we do this, the Payment Machine will display the information that the Transaction has been declined and/or we may write to you and/or contact you by telephone and/or any other form of communication you have requested.

  • In return, according to section 4.2.5 One Time Password (OTP) will be sent to the registered Mobile number, lastly which will be used to complete the transaction on a POS Payment Machine System shown in figure 4.5. This depicts on Algorithm 4.2 below and Appendix F.

  • After purchased items confirmation is done using a numeric code from a Supermarket POS system shown in Figure 4.4 using Mob-POP system shown in Figure 4.2, the Final Payment Transaction process shown in Figure 4.8 is initiated and done at the POS Payment Machine system shown in Figure 4.5 using ATM card and OTP; found from Mobile Banking System shown in Figure 4.3 as input.

  • When customer uses the OTP on the POS Payment Machine System shown in Figure 4.5 for completing the payment process, the POS Payment Machine System sends the OTP through EFT network.

  • By agreeing to submit all disputes, claims, and controversies to binding arbitration, both Client and FlightPath IT expressly waive their rights to have such matters heard or tried in a court before a judge or jury or in any other tribunal, and shall agree to all discovery requests and submit to all depositions as if it is doing business in the Commonwealth of Massachusetts.

  • For the payment process to becomecompleted the request is initiated by the state of a component called POS Payment Machine System shown in Figure 4.5. There is no need to go through all the usual steps at POS Payment Machine for making a payment.

  • Limited Payment Machine Rules..................................................................


More Definitions of Payment Machine

Payment Machine means an apparatus in a pay on exit parking place where the user is required to insert their entry ticket into the machine and then pay a parking charge dependant on the amount of time their vehicle has remained in the parking place;
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Payment Machine means a machine capable of accepting a Card as
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Payment Machine means a machine that accepts a Credit Card as payment for a transaction. PLEASE COMPLETE IN BLOCK CAPITALS
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Payment Machine a machine capable of accepting the Card and/or Card details as payment for a Transaction; “PIN” – your personal identification number issued by us to you, generally required at point of sale, or at an Automated Teller Machine (“ATM”), in order to authorise a Transaction;
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Related to Payment Machine

  • 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.

  • Payment month means, for all programs except EA, the calendar month for which benefits are issued.

  • 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.

  • 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:

  • 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 Cap For each Mortgage Loan, the percentage limit set forth in the related Mortgage Note concerning the maximum permitted increase in a monthly payment.

  • 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;

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

  • 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).

  • Structured settlement payment rights means rights to receive periodic payments under a structured settlement, whether from the structured settlement obligor or the annuity issuer, where:

  • Transfer Payment Made As defined in Section 4.03.

  • Payment Amount as defined in Section 3.5.

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

  • Next Payment means, in respect of each Next Payment Date, the greater of (i) the amount of any payments due to be made by Party A under Section 2(a) on such Next Payment Date less any payments due to be made by Party B under Section 2(a) on such Next Payment Date (in each case, after giving effect to any applicable netting under Section 2(c)) and (ii) zero.

  • Premium payment plan means a benefit plan whereby school em- ployees may pay their share of group health plan premiums with pretax dollars as provided in the salary reduction plan under chapter 41.05 RCW pursuant to 26 U.S.C. Sec. 125 or other sections of the Internal Revenue Code.

  • Installment Payment Date means the date on which an installment payment of an assessment is payable.

  • Installment Payment has the meaning ascribed to it in Section 2.02(a).

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

  • Payment Due Date means the date by which the Date of Payment must occur, in accordance with the provisions of Sections 504.3 through 504.5 of this Exhibit, in order for NYSERDA not to be liable for interest pursuant to Section 504.6.

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

  • Settlement Payment means the transfer, or contractual undertaking (including by automated clearing house transaction) to effect a transfer, of cash or other property to effect a Settlement.

  • 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—

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

  • PAGA Payment means the penalties pursuant to PAGA that the Parties have agreed is a

  • Payment means any payment or distribution in the nature of compensation (within the meaning of Section 280G(b)(2) of the Code) to or for the benefit of the Executive, whether paid or payable pursuant to this Agreement or otherwise.