Remittance Service definition

Remittance Service means a service that enables customers to send and/or receive fund transfers;

Remittance Service the payments service where funds are received from a Payer, without any payment account being opened in the name of the Payer or the Payee, for the sole purpose of transferring the corresponding amount to the Payee or another Payment Services Provider, who acts on behalf of the Payee and/or upon this service, such funds are received on behalf of and made available to the Payee,

Remittance Service means a domestic or international service, excluding the sale of a postal money order and an electronic funds transfer, where cash, cheques, other monetary instruments are sent from one location and a corresponding sum in cash or other monetary instruments is received by a designated recipient in another location by means of a communication, a message, transfer or through a clearing system in which the remittance service provider is a participant;

Examples of Remittance Service in a sentence

• When you utilize the Bank’s Health Care Remittance Service you represent and warrant that by entering into and engaging in the activities contemplated by this Agreement, including the Documentation, you are not in violation of and will not be violating any agreements with third parties, including but not limited to, contracts with payers and/or consents and directives of patients, or any federal or state laws.

• In order to use the HealthCare Remittance Service a medical provider will send their customer a paper xxxx (invoice and statement with information in a scanable line) for an outstanding balance.

• In order to use the HealthCare Remittance Service a medical provider will send their customer a paper xxxx (invoice and statement with information in a scannable line) for an outstanding balance.

• As an authorized delegate of Netspend Corporation, a licensed money transmitter in numerous states, you are required under your agreement with Netspend and applicable law to comply with certain state receipt requirements in connection with your offering of the Remittance Service under Netspend's money transmitter licenses.

• On the business day immediately following a day that any Remittance Service transactions are conducted at your store(s), Netspend will provide you with a report setting forth the amount of Customer Funds associated with such transactions (the “Daily Report”).

More Definitions of Remittance Service

Remittance Service means a financial service that accepts cash or other payment instruments (including e-money instruments) in one (1) location and pays a corresponding sum in cash or other form to a beneficiary in another location by means of a communication, a message, transfer

Remittance Service or “Lockbox Service” refers to an internet-based banking service generally provided for the collection of a customer’s receivables and subsequent credit to the customer’s Account. The Service includes the collection of mail from the customer’s Post Office Box, and the sorting, totaling, recording and imaging of the payments; the processing of items; availability of exception and stop payment processing features; and the consummation of necessary bank deposits.

Remittance Service means the cross-border remittance service provided by RLH that enables a User to remit funds to the User's designated Beneficiaries in the manner and subject to the terms and conditions set out in these General Terms.

Remittance Service means a service that enables members of the public to send and/or receive funds transfers.

Remittance Service means a payment service where funds are received from a payer without any payment accounts being created in the name of the payer

Remittance Service means a service where cash, cheques or other monetary instruments are sent by electronic transmission from one location and a corresponding sum in cash or monetary instruments is received by a designated recipient in another location by means of a communication, a message, by transfer or through a clearing system in which the remittance service provider is a participant;

Remittance Service means the services of remitting funds from UK to India provided by Transferor under the terms and conditions of certain of the Transferring Accounts;