Bank System definition

Bank System means the banking system operated by any approved bank, financial institution or other body.

Bank System means a network of pull-tab dispens- ers offering progressive jackpot pull-tab series connected by a computer. The computer determines the total gross gam- bling receipts all the dispensers on the network receive and calculates the amount of the progressive jackpot on the net- worked dispensers.

Bank System means the Bank’s information technology systems and networks (connected between its entry and exit points), used by the Bank to provide the Acquiring Services to the Merchant, which includes the FNB eCommerce payment gateway, computer equipment routers, switches, firewalls, cabling and servers, and any other hardware, software or infrastructure forming part thereof or related thereto;

Examples of Bank System in a sentence

• Bank acknowledges that Company may desire to modify its systems to better accommodate the ability to collect information from consumers as contemplated by Section 11.3.1, and Bank shall reasonably consider requests from the Company Parties with respect to implementing changes to the Bank System that are required as a result of such changes to the Company Systems, subject to mutually agreeable timing and cost allocation.

• The Bank is the only depository institution subsidiary of the Company and the Bank is a member in good standing of the Federal Home Loan Bank System.

• The foregoing restrictions will not apply to any Bank System Change that is required by Applicable Law or to address a data security vulnerability; provided that, in the event of such a Bank System Change, (i) Bank shall provide Company with reasonably sufficient advance notice and evidence that such Bank System Change is required by Bank Applicable Law or required to address a data security vulnerability, [***].

• Notwithstanding the foregoing, Bank may not make any Bank System Change in the last eighteen (18) months of the Term unless such Bank System Change is required in order for Bank or the Program to comply with Bank Applicable Law or to address a data security vulnerability, in which case, (i) Bank shall provide Company with reasonably sufficient evidence that such Bank System Change is required by Bank Applicable Law or to address a data security vulnerability [***].

More Definitions of Bank System

Bank System means the 12 Banks and the OF.

Bank System means the hardware, software, peripherals, servers, applications, end user devices and server devices, network systems and equipment used within the environment of the Bank or of any Service Recipient, whether hosted internally or externally by the Bank, any Service Recipient or any third party; Business Continuity and Disaster Recovery Plan means a plan which sets out the procedures to be adopted by the Supplier in the event that the Goods and/or Services or any data is damaged or becomes unavailable by reason of a Disaster (including the procedures to be taken by the Supplier in planning and providing for any such event) as set out in Clause 22.2;

Bank System means an automated banking system, in which bank loan transactions, Account and/or Payment card transactions are recorded;

Bank System means the computerized system used by Bank or its third party service provider for servicing Accounts, including the processing of Program Card Applications, electronic authorization of credit transaction requests, computation of finance charges, preparation of periodic bills, processing of payments, maintenance of Cardholder information, creation of management reports and collection of Accounts, as such computerized system may be modified from time to time.