MIT Mandate definition

MIT Mandate means the mandate that is set up between a Customer and the Merchant which allows the Merchant to collect MIT Transactions from their linked Customer Account; MIT Transaction means a Transaction type where the Merchant has set up a Merchant Initiated Transaction (MIT) Mandate with the Customer which authorises the Merchant to collect payments from the Customer; Network means the Public Switched Telephone Network (PSTN,) Broadband, or mobile telephone network upon which the Payment Facilitating Services will operate; Non-transaction Fee means any fees, or charges, excluding Merchant Service Charge and Authorisation fee, that the Merchant agreed to pay to the Acquirer and which are listed in the Merchant Application Form;
View Source

Related to MIT Mandate

  • Technical Guidance Letter or “TGL” means an instruction, clarification, or interpretation of the requirements of the Contract, issued by the System Agency to the Grantee.

  • Mandate means all your written authorisations and mandates provided in such form and substance satisfactory to us;

  • UPI Mandate Request means a request (intimating the UPI Bidder by way of a notification on the UPI linked mobile application and by way of an SMS on directing the UPI Bidder to such UPI linked mobile application) to the UPI Bidder initiated by the Sponsor Banks to authorize blocking of funds in the relevant ASBA Account through the UPI application equivalent to Bid Amount and subsequent debit of funds in case of Allotment.

  • CFA Charter means the charter earned through the Chartered Financial Analyst program prepared and administered by the CFA Institute and so named on the day this Instrument comes into force, and every program that preceded that program, or succeeded that program, that does not have a significantly reduced scope and content when compared to the scope and content of the first-mentioned program;

  • practice direction means a direction given under section 23 of the 2007 Act;