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

Examples of Cash Payment System in a sentence

  • 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.

  • A CA-View Report (WSP0015X-A – Input to Check Processing) is created when information is entered into the Special Cash Payment System.

  • Blue Cash transfers cannot be made to bank accounts at mBank S.A.§§ 36-40 apply to Blue Cash instant transfers in PLN, however, each time references are made therein:1/ to Express Elixir instant transfers in PLN, they should be deemed as Blue Cash instant transfers in PLN, 2/ to Express Elixir system, it should be deemed as Blue Cash Payment System.

  • 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.

  • Stationing four offensive players to one side of the center of the free throw lane for the purpose of allowing the remaining player to attempt to score one-on-one against his/her defender.

  • 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.

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

  • 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.

  • 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.

  • 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.).

Related to Cash Payment System

  • payment system means a funds transfer system with formal and standardised arrangements and common rules for the processing, clearing and/or settlement of payment transactions;

  • securities settlement system means a system that enables securities to be transferred and settled by book entry according to a set of predetermined multilateral rules.

  • Cash Settlement Payment Date means in relation to a Series of Notes, the date specified as such or otherwise determined as provided in the relevant Final Terms.

  • Retirement system means a retirement plan or system that is established by or pursuant to title 38.

  • 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.

  • Main Distribution Frame or "MDF" means a Qwest distribution frame (e.g., COSMIC™ frame) used to connect Qwest cable pairs and line and trunk equipment terminals on a Qwest switching system. "Maintenance and Repair" involves the exchange of information between Carriers where one initiates a request for maintenance or repair of existing products and services or Unbundled Network Elements or combinations thereof from the other with attendant acknowledgments and status reports in order to ensure proper operation and functionality of facilities. "Maintenance of Service charge" is a Miscellaneous Charge that relates to trouble isolation work performed by Qwest. Basic Maintenance of Service charges apply when the Qwest technician performs work during standard business hours. Overtime Maintenance of Service charges apply when the Qwest technician performs work on a business day, but outside standard business hours, or on a Saturday. Premium Maintenance of Service charges apply when the Qwest technician performs work on either a Sunday or Qwest recognized holiday.

  • Payment Claim means any written claim made, or to be made, by the GBCA to the Applicant requiring any Fee to be paid under clause 3;