Bits AS definition

Bits AS. The banking and financial industry's infrastructure company, which, among other things, designs BankID Regulations. Bits AS is the supervisory authority to BankID Regulations and the public requirements of which BankID is revised. BankID Services: Any service and associated software provided by the Company in accordance with the Reseller Agreement for further delivery from Reseller to Merchant. The Company: BankIDBankAxept AS.
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Examples of Bits AS in a sentence

  • LIABILITY‌ The Reseller and/or the Company is not liable for any use of BankID Services that is in violation of the Standard terms and conditions for the use of BankID Services at Merchant, recommendations from the Company and/or Reseller or Regulations, Bits AS and legislation or orders from the public authority.

  • Bits AS is the supervisory authority for the BankID regulations and the public legal requirements for the BankID Services.

  • BankID Regulation: The regulation that sets out the rights, obligations, and responsibilities between issuers of BankID Certificates, Finance Norway Service Office, and Bits AS.

  • Changes resulting from regulatory changes, orders from the authorities, Bits AS or changes in BankID Regulation have effect on Reseller from the same time the rules come into force.

  • Changes resulting from regulatory changes, orders from authorities, Bits AS or changes to BankID regulations have effect on the Distributor from the time the rules come into force.

  • APPENDIX 2 DEFINITIONS Bits AS: The infrastructure company of the banking and finance industry, responsible for i.e. BankID regulations.

  • The Company may change prices with immediate effect as a result of regulatory changes, orders from the authorities, Bits AS or changes in regulations including tax regulations (VAT etc).

  • Merchant shall only use the Receiving system and associated software approved and associated with a supplier approved by Bits AS at any given time.

  • The Company may change prices with immediate effect as a result of regulatory changes, government orders, Bits AS or changes in regulations including tax regulations (VAT etc).