Execution of Payment Transactions. The sums credited to the Payment Account will be transferred automatically to the bank account of the Seller – less fees owed by the Seller under this Framework Agreement – as soon as the following conditions are met: The purchased good for which the sums have been payed has been delivered to the Buyer according to the delivery service; and The 14 days withdrawal period has expired without the Buyer executing his right of withdrawal. As soon as these conditions are met, the Service Provider will transfer the respective amount from the Payment Account to the Seller’s bank account automatically and without the requirement of the Seller’s further activity.
Execution of Payment Transactions. 11.1 For the execution of Payment Transactions from and to the Account the Customer shall provide Credit Europe with the information requested by Credit Europe. The Customer shall comply at all times with Credit Europe’s guidelines for executing Payment Transactions.
Execution of Payment Transactions. (1) When you give us a Payment Order for immediate execution, the money will normally be taken f rom your Account on the same Business Day we receive your Payment Order provided we have received your instruction by cut-off time on that Business Day. If we have not received your Payment Order by then it shall be deemed to have been received on the next Business Day. We have previously provided you with our cut-off times. Any changes to our cut-off times will be notified to you at least one month in advance of the change taking effect.
Execution of Payment Transactions. 5.1 When you give us a Payment Order the money will be taken from your Account on the Debit Value Date specified in your Payment Order. On request we can provide you with a) the maximum execution time; b) the Fees payable in respect of the Payment Order; and c) where applicable, a breakdown of the amounts of such Fees. If you do not specify a Debit Value Date, then we will commence the execution of the Payment Transaction on the same day that we receive your Payment Order, provided that if we do not receive the Payment Order on a Business Day or if we receive it after the relevant Cut-off Time, then unless agreed otherwise we are deemed to have received the Payment Order on the following Business Day.
Execution of Payment Transactions. The sterling sums credited to the Payment Account will be held in a specified client account held at the Bank, after the deduction of any fees payable by the User under this Framework Agreement. Any payment instructions from the User that are received by the Service Provider will be deemed to have been received upon receipt of those instructions. Where the receiving bank is located within the United Kingdom or another country in the European Economic Area, the payment will be credited to the payee's account by the end of the next business day following receipt of your payment instructions. Where payments are made to a receiving bank outside the European Economic Area, the Service Provider will provide an indication of when the payment should be received although the actual date of receipt will depend on banking practices in the relevant country. Once a User has given an instruction for a Payment Transaction, the User may withdraw their consent to the execution of the relevant payment transaction at any time on the Business Day that the payment instruction was received by the Service Provider. Payment Transactions will be executed in the currency notified to you before each relevant transaction takes place and your continuing with any Payment Transaction shall amount to your acceptance of the use of that currency.
Execution of Payment Transactions. 1. In order to make a payment transaction, the User, having electronically logged in using the server address specified by the Institution and using the Means of Identification, shall instruct the Institution regarding the execution of a particular payment transaction, and shall provide the Unique Identifier and/or other information required by the Institution. The Order and the payment transaction data are submitted electronically prior to the execution of the payment transaction. Other submission methods are only possible on the basis of a separate agreement between the Client and the Institution. The submission of the Order is deemed to be the consent of the User to authorize the payment transaction. Until the execution of the Order, the User has the right to cancel the payment transaction following the same procedure.
Execution of Payment Transactions. The End Customer may, within the limits set out in these ToU, issue and receive Payment Transactions. These Payment Transactions may or may not be linked to E-money. The execution of a Payment Transaction implies, on the part of the End Customer, the transmission of an Order to SWAN. To transmit an Order, the End Customer must first authenticate themselves using the Personal Strong Authentication Device. Before transmitting an Order, it is the End Customer's responsibility to ensure that they have sufficient funds in their Account to cover the amount of the Payment Transaction concerned and any related fees, as agreed in the pricing conditions attached hereto. Where applicable, it is up to the End Customer to fund their Account under the conditions provided for in Article 5.2.1 hereof, before the Order can be validly transmitted to SWAN for execution. The Order is likely to be refused if the balance of the Account is lower than the amount of the Payment Transaction (including fees) on the date of execution of the Order by XXXX. Orders are executed within one (1) Business Day of transmission of the Order (and on the agreed execution date for forward or standing Orders). Any Order sent to SWAN after 9:00 p.m. is deemed to be sent on the following Business Day. If this transmission takes place outside a Business Day, the Order is deemed to have been transmitted on the following Business Day. As an exception, Orders to execute Payment Transactions between two Swan Accounts are executed on the same day, in real time. The execution of an Order may be suspended by Xxxx for the time necessary to conduct further checks. Swan may contact the End Customer to obtain information about the Payment Transaction and may request supporting documentation relating to the Payment Transaction.
Execution of Payment Transactions. 6.1. Prior to the execution of the Payment Transaction initiated by the Client the Institution shall provide the Client with information on the maximum execution time for the Payment Transaction,
Execution of Payment Transactions. 10.3.1. Especially for executing Payment Transactions and for adding or modifying the details of the Customer's Deposit Accounts, additional identification is required, which is done by the introduction of a One Time Password, in accordance with the practice followed by Bank. Subject to the Customer's strong authentication requirements, the additional eight (8) digit One Time Password is generated and disclosed to the Customer, either through a suitable device of the Bank (Hardware Token), which is delivered to him for this purpose upon the submission of application for registration and use of the Digital Services System at any applicable fee, or by sending a text message (SMS) to the mobile device stated by the Customer during his registration to the service (SMS Token). Upon successful activation of the Hardware Token device or the possibility of sending additional security codes by sending a text message (SMS) to the customer’s stated mobile phone (SMS Token), in accordance with the Bank’s instructions, the Customer may promptly carry out any transaction provided through the Bank's Digital Services Systems. The password, User ID and the One Time Password are provided to the Customer upon approval of his request for access to the Bank's Digital Services system and the conclusion of a specific contract with the Bank for the purpose of providing banking services through its Digital Systems.
Execution of Payment Transactions. The Service Provider acknowledges that under the Website’s General Terms and Conditions the User has also authorised the Platform to instruct the Service Provider to process certain Payment Transactions in accordance with the Platform’s records of transactions proposed and/or entered into by the User on the Website under the Website’s General Terms and Conditions, which will result in payments between the User’s Payment Account and the segregated payment account maintained by the Service Provider separately from its own funds relating to transactions carried out on the Platform (“Customer Funds Account”).” The sterling sums credited to the Payment Account will be held in a specified client account held at the Bank, after the deduction of any fees payable by the User under this Framework Agreement. Any payment instructions from the User that are received by the Service Provider will be deemed to have been received upon receipt of those instructions. Where the receiving bank is located within the United Kingdom or another country in the European Economic Area, the payment will be credited to the payee's account by the end of the next business day following receipt of your payment instructions. Where payments are made to a receiving bank outside the European Economic Area, the Service Provider will provide an indication of when the payment should be received although the actual date of receipt will depend on banking practices in the relevant country. Once a User has given an instruction for a Payment Transaction, the User may withdraw their consent to the execution of the relevant payment transaction at any time on the Business Day that the payment instruction was received by the Service Provider. Payment Transactions will be executed in the currency notified to you before each relevant transaction takes place and your continuing with any Payment Transaction shall amount to your acceptance of the use of that currency.
