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.
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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.
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Payment Transactions means all money remittance (as defined in the Regulations) transactions carried out by AFEX for the Client.
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Examples of Payment Transactions in a sentence

  • 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.

  • 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.

  • The statement is a legal record of all Payment Transactions made on the Payment Account.


More Definitions of Payment Transactions

Payment Transactions means the number of individual payments made by a Scheme Agent during a period as recorded in the CDR.
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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.
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Payment Transactions means a POS transaction, internet transaction, an order for payment to a third party's bank account, or a P2P transaction;
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Payment Transactions meansmean:
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Payment Transactions means the payment to the Merchant by a Cardholder through the use of a Designated Payment Instrument, bank accounts, line of credits and/or any other means as determined by Payex from time to time for purchase or procurement of goods and/or services.
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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;
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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.
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