Virtual IBAN definition

Virtual IBAN means an IBAN reference issued by a bank to allow incoming payments to be rerouted to a different, physical bank account.
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Virtual IBAN means an identifier causing payments to be redirected to a payment account identified by an IBAN different from that identifier.
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Virtual IBAN means the International Bank Account Number assigned to a Client Payment Account.
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Examples of Virtual IBAN in a sentence

  • Information regarding incoming and outgoing payments made using the Virtual IBAN are accessible in the Internet Bank, along with other transaction details.

  • All incoming payments, where the Virtual IBAN is used as payment detail, are automatically credited to your Oro Pay account.

  • When using Virtual IBAN to make and receive payments on behalf of your payment service users, you acknowledge and confirm that you are acting as payment service provider of ei- ther the payer or the payee and we confirm that we are acting as intermediary provider within the meaning of the WTR.

  • The Virtual IBAN is a product enabling your reconciliation of incoming and outgoing pay- ments on your Payment Accounts.

  • You are not allowed to instruct us to provide a Virtual IBAN or Virtual Sort Code and Account Number for the benefit of an End Customer who is a bank or any other financial institution.

  • Oro Pay maintains the right to recall the provided Virtual IBAN at any time.

  • We will issue a Virtual IBAN solely for the purpose of the collection of EUR.

  • In such instances, all incoming payments directed to the recalled Virtual IBAN will be returned to the original sender.

  • None of your payment service users will be able to make Instructions on your Settlement Account or Nostro/Vostro Accounts associ- ated with the Virtual IBANs despite the fact that the Virtual IBAN may be quoted with their name in the payment message.

  • You are not allowed to instruct us to issue a Virtual IBAN or Virtual Sort Code and Account Number for the benefit of an End Customer who is a bank or any other financial institution.


More Definitions of Virtual IBAN

Virtual IBAN means the unique identifiers consisting of a combination of letters and numbers in the form of an international bank account number.
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Virtual IBAN means a virtual IBAN which may be issued by FAB and allocated to your Prepaid Card which can be used exclusively to make WPS Payments or other payment that will result in a Loading of your Prepaid Card.
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Virtual IBAN means the International Bank Account Number assigned to a Client E-Money Account.
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Related to Virtual IBAN

  • Virtual Card means a non-physical Card, the use of which is limited to online, phone or mail order purchases and which cannot be used to make a cash withdrawal from an ATM or bank. Any reference to cash withdrawals or to a Physical Card in this Agreement excludes the Virtual Card.

  • Virtual Machine means a software container that can run its own operating system and execute applications like a physical machine.

  • Virtual source means a point from which radiation appears to originate.

  • Local Area Network or “LAN” means the infrastructure that enables the ability to transfer IP services within Sites (including data, voice and video conferencing services).

  • Uppermost aquifer means the geologic formation nearest the natural ground surface that is an aquifer, as well as lower aquifers that are hydraulically interconnected with this aquifer within the facility's property boundary.

  • Harbour Master means the ABP Harbour Master or Dock Master for the Port (as appropriate) or their authorised representative;

  • LHSIA means the Local Health System Integration Act, 2006, and the regulations made under it, as it and they may be amended from time to time;

  • Virtual Data Room means the virtual data room established by the Company, access to which was given to SPAC in connection with its due diligence investigation of the Company relating to the Transactions.

  • Virtual Completion means the premise is in the opinion of the Employer fit for occupation.

  • Capitol hill complex means the grounds and buildings within the area bounded by 300 North Street, Columbus Street, 500 North Street, and East Capitol Boulevard in Salt Lake City.

  • Pistol means any firearm with a barrel less than sixteen inches in length, or is designed to be held and fired by the use of a single hand.

  • Front Yard means a yard extending across the full width of a lot between the front lot line of the lot and the nearest wall of the nearest main building or structure on the lot;

  • Digital Signal Level 1 (DS-1 means the 1.544 Mbps first level signal in the time division multiplex hierarchy.

  • South Caucasus/Central and South Asian (SC/CASA) state means Armenia, Azerbaijan, Georgia, Kazakhstan, Kyrgyzstan, Pakistan, Tajikistan, Turkmenistan, or Uzbekistan.

  • Digital Signal Level 0 (DS-0 means the lowest-level signal in the time division multiplex digital hierarchy, and represents a voice-grade channel operating at either the 56 Kbps or 64 Kbps transmission bit rates. There are twenty-four (24) DS-0 channels in a DS-1.

  • townsite in relation to the townsite to be established near the harbour means a townsite (whether or not constituted and defined under section 10 of the Land Act) primarily to facilitate the Company’s operations in and near the harbour and for employees of the Company and in relation to the mining areas means such a townsite or townsites or any other townsite or townsites which is or are established by the Company for the purposes of its operations and employees on or near the mining areas in lieu of a townsite constituted and defined under section 10 of the Land Act;

  • L.S.D. means lysergic acid diethylamide.

  • Area network means a type of electric distribution system served by multiple transformers interconnected in an electrical network circuit, which is generally used in large metropolitan areas that are densely populated, in order to provide highly reliable service. Area network has the same meaning as the term "distribution secondary grid network" found in institute of electrical and electronics engineers (IEEE) standard 1547 sub clause 4.1.4.

  • Stormwater management measure means any practice, technology, process, program, or other method intended to control or reduce stormwater runoff and associated pollutants, or to induce or control the infiltration or groundwater recharge of stormwater or to eliminate illicit or illegal non-stormwater discharges into stormwater conveyances.

  • municipal spatial development framework means a municipal spatial development framework adopted by the Municipality in terms of Chapter 5 of the Municipal Systems Act;

  • Data Centre or "DC" means the primary centre where data, software, computer systems and associated components, such as telecommunication and storage systems, redundant or backup power supplies, redundant data communications, environment controls and security devices are housed and operated from;

  • Zone 3 means all of that part of the Lower Peninsula south of the line described in subdivision (bb).

  • Master plumber means an individual who possesses the necessary skills and qualifications to plan and supervise the installation of plumbing and who is licensed as a master plumber.

  • Municipal Separate Storm Sewer System Management Program means a management program covering the duration of a state permit for a municipal separate storm sewer system that includes a comprehensive planning process that involves public participation and intergovernmental coordination, to reduce the discharge of pollutants to the maximum extent practicable, to protect water quality, and to satisfy the appropriate water quality requirements of the CWA and regulations, and this article and its attendant regulations, using management practices, control techniques, and system, design, and engineering methods, and such other provisions that are appropriate.

  • Central fill pharmacy means a pharmacy contracting with an originating pharmacy, or having the same owner as an originating phar- macy, that provides centralized prescription filling on behalf of the originating pharmacy pursuant to these rules.

  • Youth center means any public or private facility that is primarily used to host recreational or social activities for minors, including, but not limited to, private youth membership organizations or clubs, social service teenage club facilities, video arcades, or similar amusement park facilities.