Cash Payment System definition

Cash Payment System means a payment system that generates any transfer of funds through a transaction originated by cash, check, or similar paper instrument. This includes electronic payments to a financial institution or clearing house that subsequently issues cash, check, or similar paper instrument to the designated payee.
Cash Payment System means a payment system that generates any transfer of funds through a transaction originated by cash, check, or similar paper instrument. This
Cash Payment System means a payment system that generates any transfer of funds through a transaction originated by cash, check, or similar paper instrument. This includes electronic payments to a financial institution or clearing house that subsequently issues cash, check, or similar paper instruments to the designated payee

Examples of Cash Payment System in a sentence

  • Electronic Cash Payment System: Electronic cash (e-cash)19 is a new concept in online payment system because it combines computerized convenience with security and privacy that improve on paper cash.

  • Comments about if change of date had positive or negative effect on attendance.

  • Electronic Cash Payment System: Mondex - Mondex involves six different entities: - Franchisees: grant the right and obligations to manage and promote and exploit Mondex in their geographic territory.

  • It is available through online, floppy disk, documents or through an agent in his own name for the applicant; and, (c) Cash Payment System - Cash is paid in JPO through Bank of Japan (including its agents) and a receipt will be presented to JPO The administrative files for registration and the acceptance files for establishment are mechanically inspected for errors in the application.

  • The notice contains proposed date(s) and time(s) that are a minimum of twenty-one calendar days following the date onwhich the notification is sent out to the student.

  • Published premium payment due dates are to be observed and scheduled accordingly using the Cash Payment System (CPS) for settlement(s) between inter-company receivable/payables.

  • Cash payment is depicted in Figure 2.1. Source (Gao, 2000) Figure 2.1: Cash Payment System 2.3.2 Electronic Payment System Nweke (2015) referred electronic payment system as a system that uses integrated hardware and software to allow for the payment of goods and services by electronic means rather than by the use of physical cash or paper checks.

  • Blue Cash instant PLN transfer is a domestic PLN transfer from the Customer’s bank account in PLN to the beneficiary’s account operated by other entity being participant in the Blue Cash Payment System (maintained by Blue Media S.A.).

  • Payment records entered into the Special Cash Payment System (SPL5) may be updated the same day as entered.

  • This concept originates from "Bitcoin: A Peer-to-Peer Cash Payment System" published by Nakamoto in the cryptography mailing list of cryptography Info Page at the end of 2008.


More Definitions of Cash Payment System

Cash Payment System means a payment system that generates any transfer of funds through a transaction originated by cash, check, or similar paper instrument. This includes electronic payments to

Related to Cash Payment System

  • settlement system means any infrastructure whether or not connected to the auction platform that can provide settlement services, which may include clearing, netting, management of collateral, or any other services, which ultimately enable the delivery of allowances on behalf of an auctioneer to a successful bidder or its successor in title, and the payment of the sum due by a successful bidder or its successor in title to an auctioneer, carried out through either of the following:

  • Electronic Payment System means a payment system that generates any transfer of funds, other than a transaction originated by cash, check, or similar paper instrument, which is initiated through an electronic terminal, telephone, mobile phone, computer, or magnetic tape, for the purpose of ordering, instructing or authorizing a financial institution to debit or credit an account. The term includes debit cards, wire transfers, transfers made at automatic teller machines, and point-of-sale terminals.