Common use of Non-reference payments Clause in Contracts

Non-reference payments. Unstructured remittance information is used when an invoicing company identifies the invoice sent to a customer by free format text. The information the remitter has added to the payment is reported in the Credit Notification, unstructured information with a maximum of 140 characters.

Non-reference payments. ‌ Unstructured remittance information is used when an invoicing company identifies the invoice sent to a customer by free format text. The information the remitter has added to the payment is reported in the camt.054 Credit Notification, unstructured information with a maximum of 140 characters.