BIN Sponsor definition

BIN Sponsor means the entity which initiates Debit Card settlement from the Distribution Account.
BIN Sponsor means any member institution of MasterCard Inc. or Visa Inc. that serves as an acquiring bank for any Merchant of a Company Group member or that sponsors a Company Group member’s participation in either such Payment Network.
BIN Sponsor means any member institution of MasterCard Inc. or Visa Inc. that serves as an acquiring bank for any merchant or that sponsors a company’s participation in either such payment network. “Board of Directors” or “Board” means, with respect to any person, the board of directors, board of managers, supervisory board and executive board, managing member(s), managers or such other similar governing body or group, as applicable, established pursuant to the Governing Documents of such person. “Business Day” means any day other than a Saturday, Sunday or a day on which banking institutions in New York, New York are authorized or required by law to close. “Competing Transaction” means a sale of all or any significant part of the Bank or any of the equity of the Bank, whether by stock purchase, merger, reorganization, recapitalization, consolidation, or other business combination or any other means. “Consent” means any consent, approval, authorization, clearance, exemption, waiver or similar affirmation by any person pursuant to any Contract, Law, Order, or Permit or otherwise. “Contract” means, with respect to any person, any agreement, contract, indenture, undertaking, debt instrument, lease, license, consent, settlement, note, mortgage, understanding, arrangement, obligation or commitment to which such person or any of its Subsidiaries is a party or by which any of them may be bound or to which any of their assets or properties may be subject, whether or not in writing, but excluding any Benefit Plans.

Examples of BIN Sponsor in a sentence

  • The TPA will issue distributions (including rollovers, transfers, and mistaken contributions) to you from the Distribution Account or to the BIN Sponsor for Debit Card settlement.

  • Subject to applicable limitations in Payment Network rules and any agreement with a BIN Sponsor, the Company Group owns, administers, and controls the wholesale Merchant Agreements and the relationship created thereby, and such control includes, without limitation, decisions regarding the continuance, amendment, assignment or termination of such Merchant Agreements.

  • For purposes of the foregoing, “owns” means that the Company Group has sole and exclusive ability to assign or transfer the Merchant relationship contemplated by the Merchant Agreement from the existing BIN Sponsor to a new BIN Sponsor bank designated by the Company Group in accordance with the terms and conditions of the relevant Sponsorship Agreement and the Payment Network rules.

  • Card could be issued only to the countries approved by BIN Sponsor.

  • Card can be issued in a particular design confirmed by BIN Sponsor and Card Scheme.

  • Further, the Closing will not trigger any rights, including payment of increased residuals, termination of exclusivity, granting of exclusivity, buy/sell options, termination rights or other rights or remedies, under or in connection with any other arrangement with any ISO, Key Agent, Processor, BIN Sponsor, or Third-Party Referral Provider.

  • Regardless of how a Top-up is made, the payment will be passed on to a Waka Kotahi nominated stakeholder account, and from there to EML Payment Solutions Limited (the BIN Sponsor) as stakeholder for Waka Kotahi, until the stored value is used to pay for transport.

  • To the Knowledge of the Company and after giving effect to applicable waivers, no Merchant is engaged in a business which is prohibited under the Payment Network rules or the underwriting guidelines of the Company Group, the applicable Material Processor or BIN Sponsor.

  • Except for disputes that have arisen in the ordinary course of business, and that are not material in nature or amount, the Company is not engaged in any dispute with any Key Merchant, Key Agent, Material Processor, BIN Sponsor or Material Referral Provider.

  • R & D endeavors are still in the pre-development stage and feasibility studies are still being undertaken for most projects.


More Definitions of BIN Sponsor

BIN Sponsor means a company different from iPay, Principal Member of the Card Organizations, MasterCard, VISA, JCB and other, licensed to issue and acquire payment cards, prepaid cards, credit cards, NFC stickers, mobile POS, Internet acquiring and other payment services, which has a contract with iPay for BIN sponsorship and issuing and acquiring of payments cards and other payment instruments and payment services.

Related to BIN Sponsor

  • Sponsor shall have the meaning given in the Recitals hereto.

  • Plan Sponsor has the meaning assigned to the term “plan sponsor” in Section 3(16)(B) of ERISA.

  • Asset Management Company/UTI AMC/AMC/Investment Manager means the UTI Asset Management Company Limited incorporated under the Companies Act, 1956, (1 of 1956) [replaced by The Companies Act, 2013 (No.18 of 2013)] and approved as such by Securities and Exchange Board of India (SEBI) under sub-regulation (2) of Regulation 21 to act as the Investment Manager to the schemes of UTI Mutual Fund.

  • Asset Management Company/UTI AMC/AMC/Investment Manager means the UTI Asset Management Company Limited incorporated under the Companies Act, 1956, (1 of 1956) replaced by The Companies Act, 2013 (No. 18 of 2013) and approved as such by Securities and Exchange Board of India (SEBI) under sub-regulation (2) of Regulation 21 to act as the Investment Manager to the schemes of UTI Mutual Fund;

  • Sponsors means (1) one or more investment funds controlled by Apollo Management, L.P. and its Affiliates (collectively, the “Apollo Sponsors”) and (2) any Person that forms a group (within the meaning of Section 13(d)(3) or Section 14(d)(2) of the Exchange Act, or any successor provision) with any Apollo Sponsors, provided that any Apollo Sponsor (x) owns a majority of the voting power and (y) controls a majority of the Board of Directors of the Company.

  • Sponsoring entity means a nonprofit corporation, nonprofit cooperative, state governmental entity, local unit of government as defined in ORS 466.706, housing authority or any other person, provided that the person has agreed to restrictive covenants imposed by a nonprofit corporation, nonprofit cooperative, state governmental entity, local unit of government or housing authority.

  • Asset Management Company means an asset Management Company as defined in the Rules and Regulations.

  • Oaktree means Oaktree Capital Management, LLC and its Affiliates, including any partnerships, separate accounts or other entities managed by Oaktree.

  • Tax Matters Partner has the meaning set forth in Section 5.08.

  • Benefit Plan Investor means an “employee benefit plan” as defined in Section 3(3) of ERISA that is subject to Title I of ERISA, a “plan” as defined in and subject to Section 4975 of the Code or an entity whose underlying assets include plan assets of any of the foregoing.

  • Asset Manager means the manager of each of the Series Assets as specified in each Series Designation or, its permitted successors or assigns, appointed in accordance with Section 5.10.

  • Board Representative means the President and the Vice President and any other person at any time designated to act on behalf of the Board for purposes of performing any act with respect to a Project by a written certificate furnished to the Authority and the Trustee containing the specimen signature of such person and signed on behalf of the Board or any duly authorized officer thereof. Such certificate may designate an alternate or alternates. The Board Representative may be an officer or employee of the Authority or the Board.

  • School-sponsored media means all student media that are: