Common use of Electronic Payment Clause in Contracts

Electronic Payment. A charge to your Funding Account for a ▇▇▇▇ 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 ▇▇▇▇ payment or other transfer. We may charge any Service fee for that ▇▇▇▇ 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 ▇▇▇▇ payment be directed. Payment Instruction: The information you provide to us for a ▇▇▇▇ 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 ▇▇▇▇ payment begins processing.

Electronic Payment. A charge to your Funding Account for a ▇▇▇▇ 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 ▇▇▇▇ payment or other transfer. We may charge any Service fee for that ▇▇▇▇ 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 ▇▇▇▇ payment be directed. Payment Instruction: The information you provide to us for a ▇▇▇▇ 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 ▇▇▇▇ payment begins processing.