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.