Payment Transactions definition

Payment Transactions means all money remittance or execution of payment transactions (as defined in the Regulations) carried out by AFEX for the Client.

Payment Transactions means an act, initiated by the payer or on his behalf or by the payee, of placing, transferring or withdrawing funds, irrespective of any underlying obligations between the payer and the payee.

Payment Transactions means a POS transaction, internet transaction, an order for payment to a third party's bank account, or a P2P transaction;

Examples of Payment Transactions in a sentence

• Execution of Payment Transactions When you, as a payee, use Managed Payments, the payment transactions will be executed in accordance with the payment schemes rules and procedures, or as otherwise agreed.

• Provided that this shall not apply to Payment Transactions which need to be verified in accordance with clause 4.1. (iii) above.

• Payment Transactions initiated before the termination date might be affected by the termination request if the regulatory authority prohibits Finductive from processing any Payment Transactions.

• Finductive will keep all records and documents relating to the Payment Transactions carried out on an electronic archiving medium for the statutory time limits.

• If the Client does not submit the specified notifications within the time period indicated, it is considered that the Client has unconditionally agreed to the Payment Transactions that had been executed on the payment account.

More Definitions of Payment Transactions

Payment Transactions means the instruction of Payment Operations by Payers to pay for the purchase of products and services sold on the Marketplace and made by one of the payment methods made available to Payers for such purpose on the Marketplace. Vendor: means a natural person, company or other legal entity offering its products or services on the Marketplace.

Payment Transactions means an action initiated by the Customer, or on the Customers behalf, to pay or carry out a money transfer. "Products" would be any of Aritma's products as specified in the order form.

Payment Transactions means an act, initiated by or on behalf of the payer or by the payee, of investing, transferring or withdrawing funds, regardless of any underlying obligation between the payer and the payee.

Payment Transactions means any type of sales transaction effected through payment by the User using (i) Payment Card (whether or not the Payment Card, User and the Merchant are all physically present at the time of the transaction); (ii) electronic commerce transactions (conducted over the internet, mobile applications or other networks using electronic equipment to initiate the transactions); (iii) sale transactions without swiping or inserting a Payment Card into the POS Terminal or entering a PIN (including NFC transactions); (iv) QR Code or bar code scanning transactions; or (v) such transactions through any other forms of payment terminals.

Payment Transactions means all payments received from any offenders in respect of any fines levied against such offenders and which payments are processed on the Contractor system;

Payment Transactions means the number of individual payments made by a Scheme Agent during a period as recorded in the CDR.

Payment Transactions means the transaction where payment is made by Subscribers to the Merchant by utilising the GKASH E-wallet platform as a mode of payment hosted either on web applications, mobile applications or other forms of virtual terminals as GKASH may decide from time to time.