Payor Financial Institution definition
Payor Financial Institution means the United States Financial Institution ordered in an Item to make payment to the payee(s) named on the Item.
Payor Financial Institution means the United States Financial Institution ordered in a Check to make payment to the payee(s) named on the Check.
Payor Financial Institution means the United States Financial Institution ordered in an Item to make payment to the payee(s) named on the Item. "Regulation CC" means 12 C.F.R. Part 229, as it may be amended from time to time.
Examples of Payor Financial Institution in a sentence
If Member submits the Original Check for processing, Credit Union reserves the right to refuse to process the Check for deposit and presentment to the Payor Financial Institution and may instead require Member to have the maker reissue the Check.
Correction will be limited to reprocessing, reprinting and/or representing the Image Exchange Items or Substitute Checks to the Payor Financial Institution.
More Definitions of Payor Financial Institution
Payor Financial Institution the United States Financial Institution ordered in a Check to make payment to the payee(s) named on the Check.
Payor Financial Institution means the U.S. financial institution ordered in a
Payor Financial Institution means the United States Financial Institution ordered in a Check to make payment to the payee(s) named on the Check. Regulation CC means 12 C.F.R. Part 229, as it may be amended from time to time. Service means collectively the procedures, protocols, and software used by Bank and its licensors and contractors in connection with the electronic processing of Checks, and includes without limitation the Software and the services described herein. Software means that portion of the software developed, licensed and/or provided by Bank and its licensors for operation of the Service, that Bank delivers or provides to Customer hereunder.
Payor Financial Institution means the United States Financial
Payor Financial Institution means the United States Financial Institution ordered in an Item to make payment to the payee(s) on the Item.
Payor Financial Institution means the United States Financial Institution ordered in an Item to make payment to the payee(s) named on the Item. Product "Product" means collectively the procedures, protocols, and software used by Credit Union and its licensors and contractors in connection with the electronic processing of Items, and includes without limitation the Services.
Payor Financial Institution means a United States bank, savings and loan association, credit union, clearinghouse or a government agency that pays or clears Checks in the regular course of its operations or business that is to make payment of an Item to the payee(s) named on the Item.