Representment definition

Representment means a Transaction to reverse a Chargeback by the re-execution of the original Transaction, where you have successfully challenged the Chargeback;
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Representment fee shall be charged in the event Credorax handles and disputes (including pre-arbitration) a Chargeback to the Card Scheme on behalf of Merchant. In the event that Merchant exceeds the thresholds (for MC >1.5% respectively for VISA >2%) for at least two (2) consecutive months, Credorax shall have the right to adjust the Chargeback fees. The percentages of the tiers refer to the “Chargebacks count/Transactions count” ratio in a calendar month. In the event that Merchant becomes a Chargeback-Monitored Merchant or an Excessive Chargeback Merchant (as defined under the Card Scheme Rules), additional Adjustments may be levied by the Card Schemes.
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Representment means the process that allows a Merchant to dispute a Chargeback by presenting evidence to the Card Issuer that a Chargeback is not warranted.
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Examples of Representment in a sentence

  • One of the following:• 2713 (Invalid Chargeback) for Dual Message System transactions• 13 (Representment) for Debit Mastercard transactions processed on the Single Message System Supporting Documents.

  • Representment or reversal is not a guarantee that the Chargeback has been resolved in your favor.For Visa Chargebacks: If we reverse the Chargeback and represent the transaction to the Card Issuer, the Card Issuer, at its sole discretion, may elect to submit the matter for arbitration before Visa.

  • CUSTOMER hereby appoints PROCESSOR as its exclusive Processor of Electronic Representment on Returned Checks (“RCK”) transactions.

  • One of the following:• 2008 (Issuer Authorized Transaction) for Dual Message System transactions• 13 (Representment) for Debit Mastercard transactions processed on the Single Message System Supporting Documents.

  • Bank is not obligated to make a Representment except to the extent allowed by the Operating Rules and Merchant's timely dispute of the Chargeback.

  • Representment or reversal is not a guarantee that the Chargeback has been resolved in your favor.For Visa Chargebacks: If we reverse the Chargeback and represent the transaction to the Issuer, the Issuer, at its sole discretion, may elect to submit the matter for arbitration before Visa.

  • Representment or reversal is not a guarantee that the Charge- back has been resolved in your favor.For Visa Chargebacks: If we reverse the Chargeback and represent the transaction to the Issuer, the Issuer, at its sole discretion, may elect to submit the matter for arbitration before Visa.

  • The injunctive relief is a significant benefit and will allow Navy Federal members and future members to better understand Representment NSF Fees.

  • Representment of Checks (RCK)The System and Components may consider the representment of checks through ACH if it would prove cost efficient and improve collection of NSF checks.

  • One of the following:• 2008 (Issuer Authorized Transaction) for Dual Message System transactions and China domestic transactions• 13 (Representment) for Debit Mastercard transactions processed on the Single Message System Supporting Documents.


More Definitions of Representment

Representment means a Return Transaction that was due to insufficient or uncollected funds that has been represented to Citizen’s depository financial institution at the request of the Agency.
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Representment means a representment as set forth in Schedule A, Section 3.3.
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Representment occurs when an Item that was returned unpaid is presented again by a merchant or other person for payment. The same Item may be presented for payment multiple times without prior notice to you. Each representment is considered a separate Item. “Business days” are Mondays through Fridays except Credit Union holidays. LGFCU posts its holiday schedule on the Holiday Closings page of its website (xxx.xxxxx.xxx). All references to time are in Eastern time unless otherwise noted.
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Related to Representment

  • Presentment means the right to require the Note Holder to demand payment of amounts due. “Notice of Dishonor” means the right to require the Note Holder to give notice to other persons that amounts due have not been paid.

  • Notice of Dishonor means the right to require the Note Holder to give notice to other persons that amounts due have not been paid.

  • Protest means a written objection by an interested party to this solicitation or to a proposed or actual award of a contract pursuant to this solicitation.

  • Breach of Agreement provisions of Section 5(a)(ii) will apply to Party A and will not apply to Party B.

  • Breach of trust means a breach of any duty imposed on a trustee by this Act or by the terms of the trust;

  • Breach of Security means the occurrence of unauthorised access to or use of the Premises, the Services, the Contractor system or any ICT or data (including the Authority’s Data) used by the Authority or the Contractor in connection with this Contract.

  • the/this Agreement means the agreement as set out in this document and the Appendices hereto;

  • Breach of the security of the system means unauthorized acquisition or acquisition without valid authorization of physical or computerized data which compromises the security, confidentiality, or integrity of personal information maintained by the district. Good faith acquisition of personal information by an officer or employee or agent of the district for the purposes of the district is not a breach of the security of the system, provided that the private information is not used or subject to unauthorized disclosure.

  • Warrants means this Warrant and other Common Stock purchase warrants issued by the Company pursuant to the Registration Statement.

  • Demand has the meaning set forth in Section 2.1(a).

  • Express warranty means an express warranty as set forth in sections 4-2-313 and 4-2.5-210, C.R.S. An express warranty shall cover every part of a new facilitative device.

  • Breach of Contract means the failure of a Party to perform any of its obligations in accordance with this Contract, in whole or in part or in a timely or satisfactory manner. The institution of proceedings under any bankruptcy, insolvency, reorganization or similar law, by or against Contractor, or the appointment of a receiver or similar officer for Contractor or any of its property, which is not vacated or fully stayed within 30 days after the institution of such proceeding, shall also constitute a breach. If Contractor is debarred or suspended under §24-109-105, C.R.S. at any time during the term of this Contract, then such debarment or suspension shall constitute a breach.

  • Notice of Default means a written notice of the kind specified in Section 501(4).

  • Purchaser Warranties shall have the meaning ascribed to the term in Clause 8.1;

  • Additional Representation has the meaning specified in Section 3.

  • Express Waiver I desire to expressly waive any claim of confidentiality as to any and all information contained within our response to the competitive procurement process (e.g. RFP, CSP, Bid, RFQ, etc.) by completing the following and submitting this sheet with our response to Education Service Center Region 8 and TIPS. Signature Date

  • Discharge of Obligations subject to Section 10.8, the satisfaction of the Obligations (including all such Obligations relating to Cash Management Services) by the payment in full, in cash (or, as applicable, Cash Collateralization in accordance with the terms hereof) of the principal of and interest on or other liabilities relating to each Loan and any previously provided Cash Management Services, all fees and all other expenses or amounts payable under any Loan Document (other than inchoate indemnification obligations and any other obligations which pursuant to the terms of any Loan Document specifically survive repayment of the Loans for which no claim has been made), and other Obligations under or in respect of Specified Swap Agreements and Cash Management Services, to the extent (a) no default or termination event shall have occurred and be continuing thereunder, (b) any such Obligations in respect of Specified Swap Agreements have, if required by any applicable Qualified Counterparties, been Cash Collateralized, (c) no Letter of Credit shall be outstanding (or, as applicable, each outstanding and undrawn Letter of Credit has been Cash Collateralized in accordance with the terms hereof), (d) no Obligations in respect of any Cash Management Services are outstanding (or, as applicable, all such outstanding Obligations in respect of Cash Management Services have been Cash Collateralized in accordance with the terms hereof), and (e) the aggregate Commitments of the Lenders are terminated.

  • Resale Damages means, with respect to any Rejected Purchase, an amount equal to (a) the positive net amount, if any, by which the applicable Price that would have been paid pursuant to Section 4.4 hereof for such Rejected Purchase, had it been accepted, exceeds the Resale Price multiplied by the quantity of that Rejected Purchase, plus (b) any applicable penalties assessed by ISO-NE or any other Person against Seller as a result of Buyer’s failure to accept such Products. Seller shall provide a written statement explaining in reasonable detail the calculation of any Resale Damages.

  • Seller Warranties means the warranties given by the Seller in Schedule 3;

  • Tort means in breach of contract.