Payment Services Act definition
Examples of Payment Services Act in a sentence
The provisions of these terms and other special terms of Arion Bank which fall under the scope of the Payment Services Act form part of a framework agreement on payment services between the customer and the Bank.
If the changes are not beneficial to the customer and apply to things which fall within the scope of the Payment Services Act No. 120/2011, the changes come into effect with two months’ notice.
The provisions of these terms which fall under the scope of the Payment Services Act are also considered to form part of the framework agreement between the user and Arion Bank.
You have the right to make use of a Payment Initiation Service Provider (a payment service provider which initiates a payment order at your request with respect to SweepBank bank accounts) in accordance with Section 38 a of the Payment Services Act to issue a payment order to SweepBank.
If a terminal device has been used for a payment transaction within the meaning of the Payment Services Act, the customer’s responsibility for unlawful use is subject to the provisions of the Payment Services Act.
We are regulated by the Monetary Authority of Singapore under the Payment Services Act 2019 for the provision of cross-border money transfer service.
The Bank can change the list of fees and rates with two months' notice and collect fees accordingly if the changes apply to services which come under the scope of the Payment Services Act.
If the business relationship concerns payment services pursuant to the Payment Services Act the Bank is authorized to terminate the business relationship with two months’ notice.
The Bank is permitted to invalidate these terms, add to them or change them at any time and such changes come into force without notice if they are beneficial to the customer, only concern legal entities or concern things which fall outside the scope of the Payment Services Act.
The Prepaid Payment Instrument may only be used on the date it is purchased and, accordingly, is not subject to the provisions of Chapter 2 of the Payment Services Act.