Payment Operation means a money deposit, transfer or withdrawal initiated by the Payer or the Recipient;

Payment Operation means, but not limited to:

Payment Operation means any action initiated by the Client for the purpose of depositing, transferring or withdrawing funds.

Examples of Payment Operation in a sentence

Payment Instrument means any customized device and/or any set of procedures agreed between the Client and BCR in order to initiate a Payment Operation or, in general for the supply of a Payment Service.
Payment Instruction represents any payment instruction sent by the Client to BCR requesting the execution of a Payment Operation or, in general for the supply of a Payment Service.
Consent represents the authorization to perform a Payment Operation or a series of Payment Operations as it is agreed between the Client and BCR.
Beneficiary is any expected addressee of the funds which have made or will make the object of a Payment Operation.
Recipient Since a User-Recipient holds an Account, any of his/her Payment Operation is executed by a transfer between Accounts, subject to the transferor’s Account balance remaining positive after deduction of the Fee.

More Definitions of Payment Operation

Payment Operation means an action initiated by the Client or another Ordering person or by the Beneficiary in order to deposit, transfer or withdraw funds in or from a Current Bank Account. Payment Order (or OP) means any Payment Instruction issued by the Ordering person to BCR based on a standardized pre-printed form made available by BCR, in compliance with the rules of Chapter XIII. Ordering person represents the Client or another authorized person sending to BCR a Payment Instruction according to the operating rights related to the Current Bank Account from which the Payment Instruction is executed. OUR represents the commissioning way related to foreign currency transactions, according to which the fees of all the payment services providers on the payment route are born by the Ordering person. The fee “Secured OUR” excludes the possibility of a later settlement of the fees, the fee related to the payment being born by the Ordering person only once, when the payment is made, except for the payment transiting USA.

Payment Operation action, initiated by an Originator or by a Beneficiary, consisting of transferring funds between payment accounts in the Union, regardless of any underlying obligations between the Originator and the Beneficiary.

Payment Operation means the payment performed by a User-Payer to a User-Recipient’s benefit for the purchase, by the latter, of a good or service. This Payment Operation takes the form of a purchase of Electronic Money from the Issuer and its transfer on the Account of the User-Recipient designated by the User-Payer. Partner: means company [], referred in the headings hereof, operating the Partner Website and offering its Users, as an agent of the Issuer, the possibility to open an Account, to purchase Electronic Money issued by the Issuer through the Website, and to use such Electronic Money to perform a Transaction.

Payment Operation means an action taken by the payer or by the payee to deposit, transfer or withdraw cash, irrespective of the principal relationship between the payer and the payee.

Payment Operation indicates the transfer of Electronic Money to the Beneficiary indicated on the Site by a User.

Payment Operation means paying money in, transfer of money, or withdrawal of money by the Client.

Payment Operation. Means any transfer of funds executed by the Payment Method issuer credited to the Submerchant’s Payment Account following transmission of a Payment Order by the Customer using a Payment Method.