Common use of Electronic Payment Clause in Contracts

Electronic Payment. A charge to your Funding Account for a xxxx payment, for credit to your Payee, that we make electronically, including without limitation by means of the Automated Clearing House (ACH) system. Electronic to check payment: A check drawn on our Provider’s own account, funded by an ACH debit to your Funding Account. Funding Account: The Account you specify to fund a specific xxxx payment or other transfer. We may charge any Service fee for that xxxx payment or transfer to either that Funding Account or the Billing Account. You may have multiple Funding Accounts. Password: The security code issued to you to identify you as authorized to use the Service. Payee: The person or entity to which you wish a xxxx payment be directed. Payment Instruction: The information you provide to us for a xxxx payment to be made to a Payee (such as, but not limited to, Payee name, and Payee account number, Processing Date or Due Date). Processing Date: The date on which a xxxx payment begins processing.

Electronic Payment. A charge to your Funding Account for a xxxx payment, for credit to your Payee, that we make electronically, including without limitation by means of the Automated Clearing House (ACH) system. Electronic to check payment: A check drawn on our Provider’s own account, funded by an ACH debit to your Funding Account. Funding Account: The Account you specify to fund a specific xxxx payment or other transfer. We may charge any Service fee for that xxxx payment or transfer to either that Funding Account or the Billing Account. You may have multiple Funding Accounts. Password: The security code issued to you to identify you as authorized to use the Service. Payee: The person or entity to which you wish a xxxx payment be directed. Payment Instruction: The information you provide to us for a xxxx payment to be made to a Payee (such as, but not limited to, Payee name, and Payee account number, Processing Date or Due Date). Processing Date: The date on which a xxxx payment begins processing.