Payment Settlement. The settlement account shall be each Customer’s designated funding account for ▇▇▇▇ payment transactions. FIS shall charge the designated settlement account(s) for amounts owed to settle payments processed by FIS.
Appears in 2 contracts
Sources: Information Technology Services Agreement, Information Technology Services Agreement (Bank of Marin Bancorp)
Payment Settlement. The settlement account shall be each Customer’s designated funding account for ▇▇▇▇ payment all transactions. FIS shall charge the designated settlement account(s) for amounts owed to settle payments processed by FIS.
Appears in 2 contracts
Sources: Information Technology Services Agreement (Independent Bank Corp), Information Technology Services Agreement (Independent Bank Corp)