Remittance Data Sample Clauses

Remittance Data. We may accumulate remittance data during the processing of your deposits and transfers and may transmit that data to you in accordance with this Service Description. Remittance data may include the account number, customer name, amount billed, amount paid, and/or other data contained in the remittance documents or other information.

Remittance Data. The credit transfer dataset provides for a remittance data field, which may be used as follows: • to carry structured remittance data of up to a max of 140 characters OR • to carry unstructured remittance data of up to 140 characters This remittance field therefore enables automated reconciliation between receivables and payments by the Beneficiary. It is recommended that Beneficiaries adopt the ISO Standard (reference [11]) for a ‘structured creditor reference to the remittance information’ (identified in the Rulebook as ‘structured creditor reference’) as the preferred remittance data convention for identifying payment referring to a single invoice. The remittance data supplied by the Originator in the ICT Inst Instruction must be forwarded in full and without alteration by the Originator PSP and any intermediary institution and CSM to the Beneficiary PSP. When the Originator provides a Structured Creditor Reference with an ICT Inst Instruction, it is recommended that the Originator PSP checks the correctness of the Structured Creditor Reference at the point of capture by the Originator. The Beneficiary PSP must also deliver received remittance data in full and without alteration to the Beneficiary. Any instant information that the Beneficiary PSP may provide to the Beneficiary does not fall under this obligation on remittance data. Communities of PSPs serving Payment Service Users within SEPA are able to implant data conventions for structured remittance data and /or longer remittance data references.