Batch Out definition

Batch Out means that Merchant totals and settles all of the transactions on each POS terminal used by midnight (12:00 am) of the day SPS-EFT authorizes the sale and transmits the information contained in the Batch Out to SPS-EFT. SPS-EFT, in its sole discretion, may assess a $50.00 fee per day for each terminal on which Merchant fails to transmit a timely Batch Out. In addition, any transactions contained in an untimely Batch Out may be refused, become subject to chargeback or be held until after a sixty day period for consumer chargebacks by SPS-EFT. If Merchant has selected Conversion with Guarantee, then checks contained in an untimely Batch Out will not be guaranteed. Merchant acknowledges that failure to Batch Out on a timely basis may be grounds for suspension or termination of the SPS- EFT Services at SPS-EFT’s sole discretion. Merchant acknowledges that failure to Batch Out will delay funds being deposited and will result in the loss of guarantee coverage on those checks.
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Batch Out means that Merchant totals and settles all of the transactions on each POS terminal used by midnight (12:00 am) of the day GETI authorizes the sale and transmits the information contained in the Batch Out to GETI. GETI, in its sole discretion, may assess a $50.00 fee per day for each terminal on which Merchant fails to transmit a timely Batch Out. In addition, any transactions contained in an untimely Batch Out may be refused, become subject to chargeback or be held until after a sixty day period for consumer chargebacks by GETI. If Merchant has selected Conversion with Guarantee, then checks contained in an untimely Batch Out will not be guaranteed. Merchant acknowledges that failure to Batch Out on a timely basis may be grounds for suspension or termination of the GETI Services at GETI’s sole discretion. Merchant acknowledges that failure to Batch Out will delay funds being deposited and will result in the loss of guarantee coverage on those checks.
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Batch Out means that MERCHANT transmits all of the transactions to Paya-EFT by midnight (12:00 am) on the day Paya-EFT authorizes the sale. In addition, any transactions contained in an untimely batch out may be refused or become subject to chargeback or held until after a sixty-day period for consumer chargebacks by Paya-EFT. If so requested by Paya-EFT, all documentation related to the customer’s Internet ACH Authorization, including but not limited to customer’s telephone number and billing and shipping address, must be faxed and received by Paya-EFT within 48 hours from the request date. MERCHANT acknowledges that failure to batch out on a timely basis may be grounds for suspension or termination at Paya-EFT’s sole discretion. Paya-EFT reserves the right to hold additional monies as necessary to reduce any risk associated with daily processing of electronic checks. Paya-EFT may, in its sole discretion and to insure against, place a hold on funds due to MERCHANT in settlement of transactions in order to insure against potential losses. Paya-EFT will then provide a net deposit to MERCHANT after a period of time acceptable to Paya-EFT (usually 90 days from transaction processing date). In addition, MERCHANT understands that a failure to batch out will delay funds being deposited into MERCHANTS’ account. XXXXXXXX also acknowledges that Paya-EFT may apply a $25.00 fee for each Paya- EFT-assigned terminal ID number daily on which MERCHANT fails to transmit a timely batch out.
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Examples of Batch Out in a sentence

  • Merchant is responsible for resubmitting a Batch Out or ticket if the POS terminal fails to properly Batch Out or if sales ticket data does not process through the normal payment cycle.

  • Transactions contained in an untimely Batch Out may be refused, held for a 180 day period, become subject to chargeback or be transferred to a Reserve Account and held in accordance with the terms of the Bank Card Merchant Agreement.

  • Merchant acknowledges that failure to Batch Out will delay funds being deposited and will result in the loss of guarantee coverage on those checks.

  • Attached to this Agreement and incorporated herein by reference is a Schedule of Fees, which contains the Discount Fee, Transaction Fees, Return Fee per returned item, Minimum Monthly Discount Fee, Subscription Fee, Monthly Check 21 Access Fee, Batch Out Fee, Termination Fee and other terms and conditions in effect on the commencement date of this Agreement.

  • If Merchant has selected Conversion with Guarantee, then checks contained in an untimely Batch Out will not be guaranteed.

  • Merchant acknowledges that failure to Batch Out on a timely basis may be grounds for suspension or termination of the SPS- EFT Services at SPS-EFT’s sole discretion.

  • In addition, any transactions contained in an untimely Batch Out may be refused, become subject to chargeback or be held until after a sixty day period for consumer chargebacks by SPS-EFT.

  • SPS-EFT, in its sole discretion, may assess a $50.00 fee per day for each terminal on which Merchant fails to transmit a timely Batch Out.

  • Merchant agrees to Batch Out on a daily basis each POS terminal used by Merchant.

  • In the event that a payment is rejected by Merchant’s bank or fails to arrive within three (3) days from the date of the confirmed Batch Out due to problems beyond SPS-EFT’S control, SPS-EFT may periodically wire transfer all funds due Merchant until the problem is corrected, at Merchant’s expense.


More Definitions of Batch Out

Batch Out means that MERCHANT totals and settles all of the transactions on each POP MICR reader/check scanner used by midnight (12:00 am) of the day SPS-EFT authorizes the sale and transmits the information contained in the batch out to SPS-EFT. In addition, any transactions contained in an untimely batch out may be refused or become subject to chargeback or held until after a sixty-day period for consumer chargebacks by SPS-EFT. If MERCHANT account is POS GUARANTEE CONVERSION then checks contained in an untimely batch out are not covered under the POS GUARANTEE CONVERSION program. If so requested by SPS-EFT, the signed Electronic Check Authorization receipt must be sent out and received at SPS- EFT’s designated location within 48 hours from the request date. Failure to do so will remove SPS-EFT’s obligations under the SPS- EFT POS Guarantee Conversion program for such checks at SPS-EFT’s sole discretion. MERCHANT acknowledges that failure to batch out on a timely basis may be grounds for suspension or termination at SPS-EFT’s sole discretion. MERCHANT acknowledges that failure to batch out will delay funds being deposited and loss of guarantee coverage on those checks.
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Batch Out means that MERCHANT totals and settles all of the transactions by midnight (12:00 am) of the day Paya-EFT authorizes the sale and transmits the information contained in the batch out to Paya-EFT. XXXXXXXX agrees to upload images from the check imaging device daily and acknowledges that Paya-EFT cannot process any transactions where the image has not been made available by MERCHANT. In addition, any transactions contained in an untimely batch out may be refused or become subject to chargeback or held until after a sixty-day period for consumer chargebacks by Paya-EFT. If MERCHANT account is Remote Check Deposit (Check 21 Plus) with Guarantee then checks contained in an untimely batch out are not covered under the Guarantee program. MERCHANT acknowledges that failure to batch out on a timely basis may be grounds for suspension or termination at Paya-EFT’s sole discretion. MERCHANT acknowledges that failure to batch out will delay funds being deposited and loss of guarantee coverage on those checks and Paya-EFT may apply a $25.00 fee for each terminal daily on which MERCHANT fails to transmit a timely batch out.
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Batch Out means that MERCHANT totals and settles all of the transactions on each POP MICR reader/check scanner used by midnight (12:00 am) of the day GETI authorizes the sale and transmits the information contained in the batch out to GETI. In addition, any transactions contained in an untimely batch out may be refused or become subject to chargeback or held until after a sixty-day period for consumer chargebacks by GETI. If MERCHANT account is CHECK CONVERSION WITH GUARANTEE then checks contained in an untimely batch out are not covered under the Guarantee program. If so requested by GETI, the signed Electronic Check Authorization receipt must be sent out and received at GETI’s designated location within 48 hours from the request date. Failure to do so will remove GETI’s obligations under the GETI Check Conversion with Guarantee program for such checks at GETI’s sole discretion. MERCHANT acknowledges that failure to batch out on a timely basis may be grounds for suspension or termination at GETI’s sole discretion. MERCHANT acknowledges that failure to batch out will delay funds being deposited and loss of guarantee coverage on those checks and GETI may apply a $25.00 fee for each terminal daily on which MERCHANT fails to transmit a timely batch out.
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Batch Out means that Merchant totals Services at GETI’s sole discretion. Merchant acknowledges that failure to Batch Out will delay funds b on Receipt to GETI’s designated location within 48 hours from the date of such request. Additionally, if a Merchant has selected the Conversion with Guarantee, then upon GETI’s n to GETI’s designated Merchant acknowledges that all settlements between GETI and Merchant are provisional and are subject to the customer’s rights to dispute the charges against the customer’s account. In submitting fied mail. If customer pays cash, Merchant shall reimburse GETI by Merchant’s check. Merchant agrees to provide GETI notice o his Agreement provides for the provisional settlement of Merchant’s transactions, subject to certain terms and conditions, fe transmitted directly to Merchant’s designated account. However, GETI cannot guarantee the timeliness with which any payment may be credited by Merchant’s bank. Merchant understands that due to the nature of the ACH and the Merchant’s designated account. In the event that a payment is rejected by Merchant’s bank or fails to arrive within three (3) to problems beyond GETI’S control, GETI may periodically wire transfer all funds due Merchant until the problem is corrected, at Merchant’s expense. All payments to Merc reserve or other fee or charge for which Merchant is responsible pursuant to this Agreement. At GETI’s sole discretion, said ’s designated account, without further notice or demand.
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Batch Out means that MERCHANT totals and settles all of the transac MERCHANT acknowledges that failure to batch out on a timely basis may be grounds for suspension or termination at GETI’s sole al and are subject to the customer’s rights to dispute the charges against the customer’s account. certified mail. If customer pays cash, MERCHANT shall reimburse GETI by MERCHANT’s check. MERCHANT acknowledges that this Agreement provides for the provisional settlement of MERCHANT’S transactions, subject to cert transmitted directly to MERCHANT’S designated account. However, GETI cannot guarantee the timeliness with which any payment may be credited by MERCHANT’S work with GETI to help resolve any problems in crediting MERCHANT’S designated account. In the event that a payment is reject ’S bank or fails to arrive within five (5) days from the date of settlement due to problems beyond GETI’S control, GETI may periodically wire transfer all funds due MERCHANT until the problem is corrected, at MERCHANT’S EXPENSE. All payments to MERCHANT sh may be debited against MERCHANT’S designated Account at GETI’s sole discretion, without any further notice or demand.
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Batch Out means the totaling, settling, or reconciling by Client of all check images processed by midnight (12:00 a.m.) of the day Bank authorizes the transmission of the information contained in the batch submitted to Bank. If so required, Client agrees to upload Files based on Images from the Device daily and acknowledges that Bank cannot process the Files where the Images have not been made available to Bank. In addition, for any Image(s) contained in an untimely Batch Out, Bank may refuse, chargeback or hold the batch until after a sixty (60) day period for consumer or customer disputes. Client acknowledges that failure to Batch Out on a timely basis may be grounds for suspension or termination of the RDC Services by Bank in Bank’s reasonable discretion. Further, Client acknowledges that failure to Batch Out will delay funds being deposited and repeated failure to Batch Out will constitute a breach of this Agreement.
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Related to Batch Out

  • Batch Record means the production record pertaining to a Batch.

  • Batch means a specific quantity of Product that is intended to have uniform character and quality, within specified limits, and is produced according to a single manufacturing order during the same cycle of manufacture.

  • Bulk Product means Licensed Product supplied in a form other than Finished Product which can be converted into Finished Product.

  • Approved Product means any water fitting, plumbing product, material or component which is the subject of an existing WRAS Approval;

  • Drug Substance means an active ingredient that is intended to furnish pharmacological activity or other direct effect in the diagnosis, cure, mitigation, treatment, or prevention of disease or to affect the structure or any function of the human body, but does not include intermediates used in the synthesis of such ingredient.

  • MSAA Indicator Technical Specifications document means, as the context requires, either or both of the document entitled “Multi-Sector Service Accountability Agreement (MSAA) 2019-20 Indicator Technical Specifications November 5, 2018 Version 1.3” and the document entitled “Multi-Sector Service Accountability Agreement (MSAA) 2019-20 Target and Corridor-Setting Guidelines” as they may be amended or replaced from time to time;

  • Master Batch Record means the document, proposed by Lonza and approved by Customer, which defines the manufacturing methods, test methods and other procedures, directions and controls associated with the manufacture and testing of Product.

  • Clinical Supply Agreement has the meaning set forth in Section 4.2.

  • Acceptance Test Document means a document, which defines procedures for testing the functioning of installed system. The document will be finalized with the contractor within 7 days of issuance of the Letter of Award.

  • Bulk drug substance means any substance that is represented for use, and that, when used in the

  • Quality Agreement has the meaning set forth in Section 9.6.

  • Manufacturing Process means any process for—

  • API means the American Petroleum Institute.

  • Manufacturing site means the facilities where a Compound is Manufactured by or on behalf of a Party, as such Manufacturing Site may change from time to time in accordance with Section 8.7.

  • Project Plan means the document to be developed by the Contractor and approved by Webel Technology Ltd., based on the requirements of the Contract and the Preliminary Project Plan included in the Contractor’s bid. For the sake of clarity, the Agreed and Finalized Project Plan” refers to the version of the Project Plan submitted by the contractor after receiving the letter of Award and the same approved by Webel Technology Ltd. The project plan may be changed/ modified during the course of the project. Should the Project Plan conflict with the provisions of the Contract in any way, the relevant provisions of the Contract, including any amendments, shall prevail.

  • Final Product means a product that is not used in producing other products and is built and intended for use outdoors, provided the final product has not deteriorated or has otherwise become a potential source of contaminants.

  • Harvest batch means a specifically identified quantity of dried flower or trim, leaves, and other cannabis plant matter that is uniform in strain, harvested at the same time, and, if applicable, cultivated using the same pesticides and other agricultural chemicals, and harvested at the same time.

  • Phase I Clinical Study means a human clinical study of a product, the principal purpose of which is a preliminary determination of safety in healthy individuals or patients, as described in 21 C.F.R. 312.21(a).

  • Aerosol product means a pressurized spray system that dispenses product ingredients by means of a propellant contained in a product or a product's container, or by means of a mechanically induced force. “Aerosol Product” does not include “Pump Spray.”

  • Manufacturing operation means a process in which materials are changed, converted, or transformed into a different state or form from which they previously existed and includes refining materials, assembling parts, and preparing raw materials and parts by mixing, measuring, blending, or otherwise committing such materials or parts to the manufacturing process. "Manufacturing operation" does not include packaging.

  • Finished Product means a cannabis product in its final form to be sold at a retail premises.

  • Phase II Clinical Study means a human clinical study of a product initiated to determine the safety and efficacy in the target patient population, as described 21 C.F.R. 312.21(b).

  • Hemp product means the same as that term is defined in § 3.2-4112.

  • Approved program or "approved state" means a state or interstate program that has been approved or authorized by EPA under 40 CFR Part 123 (2000).

  • Expiry Date (Data di Scadenza) means the "Expiry Date" as specified in § 1 of the Product and Underlying Data.

  • Manufacturing Services means the manufacturing, quality control, quality assurance, stability testing, packaging, and related services, as set forth in this Agreement, required to manufacture Product or Products using the Active Materials, Components, and Xxxx Back Items;