Settlement Account. “Settlement Account” means an account established and maintained by AGENCY with a financial institution through which the following may occur: (a) deposit of funds for Debit Entries,
Appears in 7 contracts
Sources: Payment Processing Agreement, Payment Processing Agreement, Payment Processing Agreement
Settlement Account. “Settlement Account” means an account established and maintained by AGENCY Merchant with a financial institution through which the following may occur: (a) deposit of funds for Debit Entries,, (b) the extractions of funds for Credit Entries, reserve funds or fee obligations unless otherwise agreed to by the parties.
Appears in 1 contract
Sources: Merchant Services Agreement