Common use of Back-End Processing Clause in Contracts

Back-End Processing. Each business day, Metavante will consolidate all of the payments made throughout the bill ▇▇▇ment system. Several editing functions check that payment information is correct before remittance is made to the appropriate payees on behalf of the End Users. Metavante then remits the proper funds ("Credits") to all appropriate payees either electronically or by check if the payee is not able to accept electronic remittances. All checks will be mailed using the U. S. Postal Service, first class mail.

Back-End Processing. Each business day, Metavante will consolidate all of the payments made throughout the bill ▇▇▇ment system▇ Payment System. Several editing functions check that payment information is correct before remittance is made to the appropriate payees on behalf of the End Users. Metavante then remits the proper funds ("Credits") to all appropriate payees either electronically or by check if the payee is not able to accept electronic remittances. All checks will be mailed using the U. S. Postal Service, first class mail.