Payment Order definition

Payment Order means an instruction of a sender to a receiving bank, transmitted orally, electronically, or in writing, to pay, or to cause another bank to pay, a fixed or determinable amount of money to a beneficiary if the following apply:

Payment Order means an instruction by a payer or payee to its payment service provider requesting the execution of a payment transaction;

Payment Order means any instruction by a payer or payee to his payment service provider requesting the execution of a payment transaction;

Examples of Payment Order in a sentence

• In case the Payer indicates incorrect data of the Recipient, and the Payment Order is executed according to the data provided by the Payer, it shall be considered that Paynovate has fulfilled its obligations properly and shall not repay the transferred amount to the Payer.

• Cancellation or Amendment of an Online Wire Request Customer shall have no right to cancel any Payment Order after its receipt by Bank.

• To the fullest extent permitted by applicable law, you agree that neither Native American Bank nor the Service Provider will have any liability whatsoever for refusing to accept any Payment Order.

• You acknowledge that Native American Bank or the Service Provider may from time to time, in its sole discretion, reject any bank transfer or loan payment request ("Payment Order") or return any bank transfer or loan payment.

• A Payment Transaction may be initiated by the Client who gives a Payment Order (transfer) directly, by the Client who gives a Payment Order through the Beneficiary (card) or by the Beneficiary (direct debit).

More Definitions of Payment Order

Payment Order means any instruction by the Payer or the Payee to the payment services provider requesting the execution of a payment transaction.

Payment Order means an instruction validly made by you to us requesting the execution of a payment transaction.

Payment Order means an instruction of a sender to a receiving bank, transmitted orally, electronically, or in writing, to pay, or to cause another bank to pay, a fixed or determinable amount of money to a beneficiary, provided that (1) the instruction does not state a condition to payment to the beneficiary other than time of payment; (2) the receiving bank is to be reimbursed by debiting an account of, or otherwise receiving payment from the sender; and (3) the instruction is transmitted by the sender directly to the receiving bank or to an agent, funds-transfer system, or communication system for transmittal to the receiving bank.

Payment Order means a credit transfer order, a liquidity transfer order or a direct debit instruction,

Payment Order means a credit transfer order, a liquidity transfer order, a direct debit instruction, a PM to T2S DCA liquidity transfer order or a PM to TIPS DCA liquidity transfer order,

Payment Order means an instruction of a sender to a receiving bank, transmitted oral- ly, electronically, or in writing, to pay, or to cause another bank to pay, a fixed or deter- minable amount of money to a beneficiary if:

Payment Order means an instruction of a sender to a receiving bank, transmitted