Processing Institution definition

Processing Institution means the financial institution that holds the account to be credited/debited by means of electronic funds transfer;

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Processing Institution means the credit union or chartered bank that holds the Account to be credited/debited by means of Electronic Funds Transfer.

Processing Institution means the Canadian financial institution that holds your Bank Account(s) to be credited/debited by means of electronic funds transfers.

Examples of Processing Institution in a sentence

I/We hereby authorize the Payee, in accordance with the terms of my/our account agreement with the Processing Institution, to debit or cause to be debited the Account for the purposes indicated in the "Payment Details" section on page 1 of this agreement.
To obtain more information on your rights, you may contact your Processing Institution or visit the Payments Canada website.
You are responsible for all service fees that may arise in connection with your Processing Institution Account.
You undertake to inform us, in writing, of any changes in the Processing Institution Account information provided in this authorization prior to requesting any transactions with respect to your Processing Institution Account.
You acknowledge that you are responsible for ensuring that there are sufficient funds available in your Account and/or your Processing Institution Account to cover any transfers.
You warrant and guarantee that all persons whose signatures are required to sign on your Processing Institution Account(s) have provided their signature(s).
Sample cancellation forms or further information on your rights to cancel any pre-authorized debits can be obtained from your Processing Institution or by visiting the Payments Canada website.
You acknowledge that the Processing Institution is not required to verify that a deposit or debit has been issued in accordance with the particulars of your authorization including, but not limited to, the amount and frequency of deposits or payments.
I/We acknowledge that this Authorization is provided for the bene t of the "Payee" and "Processing Institution" and is provided in consideration of Processing Institution agreeing to process debits ("PADs") against the Account with Processing Institution in accordance with the Rules of the Canadian Payments Association (the "CPA Rules").
Taking into account the nature of Permitted Institution Processing, Institution will assist Sponsor by appropriate technical and organizational measures in the fulfillment of Sponsor’s obligations to respond to requests for exercising a Data Subject’s rights under the GDPR, as provided more specifically in Section 6 of the Agreement.

More Definitions of Processing Institution

Processing Institution and is provided in consideration of the Processing Institution agreeing to process debits (“PADs”) against the Account with the Processing Institution in accordance with the Rules of the Canadian Payments Association (the “CPA Rules”). By signing this agreement, the Payer acknowledges having received and having read a copy of this agreement, acknowledges understanding the terms and conditions of this agreement, and agrees to be bound by the terms and conditions of this agreement. I/We warrant and guarantee that the person(s) whose signature(s) are required to sign on the Account have signed the agreement.

Processing Institution means the financial institution that holds your Processing Institution Account.

Processing Institution means an Institution that holds the account of Payee, which is to be credited with a Direct Deposit.

Processing Institution. Address: Address: Phone Number: Account Information: Route: ⬜⬜⬜⬜ Transit: ⬜⬜⬜⬜⬜ Account: ⬜⬜⬜⬜⬜⬜⬜⬜⬜⬜⬜⬜ ATTACH VOIDED CHEQUE HERE Pad Type: Personal PAD Funds Transfer PAD Business PAD CPA transaction Type: Purpose of Payment: Amount of Payment Fixed: $ Variable: Not to exceed $ Frequency: One Time Monthly day of month Weekly Quarterly day of month Bi-Weekly Semi Annual day of month Semi-Monthly 15th & last Annual Monthly, Last Day Other First Due Date / / yy mm dd Last Due Date / / yy mm dd Sporadic I/We acknowledge that this Authorization is provided for the benefit of the "Payee" and "Processing Institution" and is provided in consideration of Processing Institution agreeing to process debits ("PADs") against the Account with Processing Institution in accordance with the Rules of the Canadian Payments Association (the "CPA Rules"). By signing this Authorization, the Payor acknowledges having received and having read a copy of this Agreement, including the terms and conditions on page 2, acknowledges understanding the terms and conditions of this Agreement, and agrees to be bound by the terms and conditions of this Agreement, including the terms and conditions on page 2. I/We warrant and guarantee that the person(s) whose signature(s) are required to sign on the Account have signed the Authorization. Signature of Payor Date Signature of Payor Date Note: If only one signature is requires for the account, then only one Payor need sign. However if two or more signatures are required then both or all Payors must sign. WAIVER OF PRE-NOTIFICATION (Does not apply to sporadic PADS) I/We waive any and all requirements for pre-notification of debiting, including, without limitation, pre-notification of any changes in the amount of the PAD due to a change in any applicable tax rate, top-up, or adjustment. Signature of Payor Date Signature of Payor Date CANCEL PAYMENT ( days notice is required before the next PAD will be issued. Cannot exceed 30 days) Signature of Payor Date Signature of Payor Date

Processing Institution means the financial institution that holds the account to be credited/debited by means of Electronic Funds Transfer. • “Processing Institution Account” means my Account at the financial institution. • “Account” means my Account with CFIS or CAM, as may be applicable • “NAAF” means the CFIS client application package.