Bulk Payment definition

Bulk Payment subject to an application being approved under clause 3 a payment by way of a batch of simultaneous payments which will be shown on your Account(s) as one debit;
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Bulk Payment shall have the meaning set forth in Section 4(A)(iii).
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Bulk Payment means make multiple payments to multiple beneficiaries (e.g. salary payment).
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Examples of Bulk Payment in a sentence

  • The Customer agrees that certain transactions (such as but not limited to remittance transactions, SWIFT, Fund Transfer, Payroll, Bulk Payment) can only be performed if done before the cut-off time of the transaction, as may be determined by the Bank and notified to the Customer.

  • In line with clause 1.4. (Bulk Payments), Customers will have the responsibility to use the correct templates when making use of the Bulk Payment feature, where and if available.

  • It will be the Customer’s responsibility to use the templates provided by the Bank when using the Bulk Payment feature.

  • Where clause 3 applies the Bulk Payment Limit (“C”) will also apply to the Service.

  • Any request for an increase in the Bulk Payment Limit will be subject to our agreement.

  • The Operation and Scope applicable to each of the M-PESA Services are as provided in Clause 4.4 (Business to Business Payment Services), Clause 4.5 (B2C Service and Bulk Payment Services), Clause 4.6 (Lipa na M-PESA Service), Clause 4.7 (Changa na M-PESA Services) and Clause 4.8 (SurePay Payment Service) and shall apply to such Services as provided in their respective Clauses.

  • We will treat an instruction for Bulk Payments as being received by us on the Business Day before the Bulk Payment Date (the “Bulk Payment Instruction Date”).

  • The purpose of this document is to outline the process of Airtel Money Bulk Payment Service for Airtel Money Merchants, improve and manage expectations, clarify responsibilities and build the foundation for a win-win relationship between the AIRTEL (SL) Limited herein referred to as ‘AIRTEL’, and the Client using the facility, as well as its clients (customers) 2.

  • OBJECTIVES OF AIREL MONEY BULK PAYMENT SERVICES Airtel Money Bulk Payment Solution enables corporate organizations (client) to send money in the form of Airtel Money Value to multiple recipients.

  • It will be the Customers’ responsibility to ensure that they use the Bank’s appropriate and correct templates when they make use of the Bulk Payment feature.


More Definitions of Bulk Payment

Bulk Payment means a kind of payment which allows User to upload a bulk payment file into internet banking for large number of funds transfer with a single instruction.
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Related to Bulk Payment

  • Bill Payment is the online service that enables the scheduling of bill payments using a personal computer;

  • Delta Payment means as it is described in this Agreement.

  • Installment Payment has the meaning ascribed to it in Section 2.02(a).

  • Interim Payment has the meaning specified in Section 10.1.

  • PAGA Payment means the penalties pursuant to PAGA that the Parties have agreed is a