Common use of Payment Services Clause in Contracts

Payment Services. Provider A financial institution, payments institution or credit institution approved and licensed to carry out such activities by the applicable regulatory authority in its’ country. Payment Transaction A transfer of money to/from the Payment Account of an Account Holder from/to a third-party Bank Account. Platform The online platform accessed via the Website through which the Account Holder can access details pertaining to the Payment Accounts, carry out Payment Transactions and submit Payment Orders. Pricing Schedule The document comprising all the fees due by the Account Holder to Finductive, which shall be communicated to the Applicant in accordance with Clause 5 below, for the use and management of the Payment Account, especially for transfer of funds and transactions carried out in connection with the Payment Account. PSD2 Directive 2015/2366 of the European Parliament and of the Council of 25 November 2015 on payment services in the internal market. Website Refers to the website ▇▇▇▇▇://▇▇▇.▇▇▇▇▇▇▇▇▇▇.▇▇▇/, through which Finductive provides its Payment Services. Website’s General Terms and Conditions Means the general terms and conditions of use of the Website, concluded between the Website user and the Platform, notably governing access to the Website.

Payment Services. Provider A financial institution, payments institution or credit institution approved and licensed to carry out such activities by the applicable regulatory authority in its’ country. Payment Transaction A transfer of money to/from the Payment Account of an Account Holder from/to a third-party third‐party Bank Account. Platform The online platform accessed via the Website through which the Account Holder can access details pertaining to the Payment Accounts, carry out Payment Transactions and submit Payment Orders. Pricing Schedule The document comprising all the fees due by the Account Holder to Finductive, which shall be communicated to the Applicant in accordance with Clause 5 below, for the use and management of the Payment Account, especially for transfer of funds and transactions carried out in connection with the Payment Account. PSD2 Directive 2015/2366 of the European Parliament and of the Council of 25 November 2015 on payment services in the internal market. Website Refers to the website ▇▇▇▇▇://▇▇▇.▇▇▇▇▇▇▇▇▇▇.▇▇▇/, through which Finductive provides its Payment Services. Website’s General Terms and Conditions Means the general terms and conditions of use of the Website, concluded between the Website user and the Platform, notably governing access to the Website.