Bill Payment Transaction definition

Bill Payment Transaction means instructions or transactions made through the Electronics Services system to authorize the Bank to debit any sum from the Applicant’s Account and transfer such sum to other person’s account for payment of goods or services pursuant to bill or invoice of the Applicant and/or other person, whether such bill or invoice is in whatever form.
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Examples of Bill Payment Transaction in a sentence

  • If you terminate your Plan and/or your Recurring Bill Payment Transaction on your UOB Card within 6 months after the end of the Promotion Period, we may, at our discretion, forfeit or reclaim the Gift awarded through such means as we may determine in our sole discretion.

  • In case of the occurrence of the Fund Transfer Transaction or the Bill Payment Transaction through the Bank’s Electronic Services system is fraudulent and without the Applicant’s fault.

  • The Bank notified the Applicant of any temporary interruption of the fund transfer and/or payment and/or provision of services before or during the Fund Transfer Transaction, the Bill Payment Transaction and/or the use of services.

  • In addition, You authorize Us to obtain information regarding Your Bill Payment Transaction from a merchant or other Payee to resolve payment-pending problems.

  • You may initiate a Mobile Bill Payment Transaction to any new Payees that are not currently on your Payee list as established pursuant to our Bill Payment Service terms and conditions.

  • Below are suggested ratios of adults to children, recommended for all activities with children and young people.

  • Merchant must display a clearly visible and conspicuous notice on the Internet Payment Screen of the imposition of any Convenience Fee or the payment of a rebate for a PIN-less Bill Payment Transaction prior to submitting the payment request from the Cardholder.

  • A PIN-less Bill Payment Transaction is a PIN-less Debit Card payment Transaction resulting in funds transfer from Cardholders to Merchants in connection with payments for recurring services (excluding casual or occasional purchases) for which a corresponding invoice is periodically presented to the Cardholder by the Merchant, and which Transaction is initiated via a telephone (Voice Recognition Unit, Interactive Voice Recognition) or Internet device.

  • Merchant must submit its authentication procedures to Servicer for approval by the appropriate EFT Networks, and Merchant warrants that it will follow such authentication procedures for each PIN-less Bill Payment Transaction.

  • Company must also obtain explicit confirmation that the Cardholder understands and agrees that the funds will be immediately debited from their account upon approval of the Transaction, before submission of the PIN-less Bill Payment Transaction.

Related to Bill Payment Transaction

  • Exchange Transaction means an exchange of Units for Common Units pursuant to, and in accordance with, the Exchange Agreement or, if the Issuer and the exchanging Limited Partner shall mutually agree, a Transfer of Units to the Issuer, the Partnership or any of their subsidiaries for other consideration.

  • Transaction Fee means the fee, in respect of a Sub-Fund, which may be charged for the benefit of the Trustee, the Registrar and/or the Service Agent or the Conversion Agent (as the case may be) to each Participating Dealer on each Dealing Day upon which an Application has been or Applications have been made by the relevant Participating Dealer.