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;