Common use of Payment Transactions Clause in Contracts

Payment Transactions. Transactions initiated by the Client or, as the case may be by the beneficiary of payment, consisting of paying, transferring or withdrawing funds, from the payment account opened by the Client in the Bank's books.

Payment Transactions. Transactions initiated by the Client or, ,as the case may be by the beneficiary of payment, consisting of paying, transferring or withdrawing funds, from the payment account opened by the Client in the Bank's books.

Payment Transactions. Transactions initiated by the Client or(bank transfer), as the case may be by the payment beneficiary of payment(direct debit) or via the latter (payment by payment card), consisting of paying, transferring or withdrawing funds, from the payment account opened by the Client in the Bank's books, for any reasons whatsoever and independently of any obligation between the Client and the payment beneficiary. These are payment institutions, electronic money institutions, lending institutions and providers of information services on accounts.