Certification Undertakings means all undertakings and representations given to the Company for the purposes of obtaining Certification. Inserted effective 1.1.16“Clearing/Settlement Agent” means a Direct Clearer/Settler that clears and settles on behalf of Issuers and/or Acquirers which are not Direct Clearer/Settlers.Inserted effective 1.1.16“Clearing System” means a domestic payments clearing and settlement system established in accordance with the Constitution which is operated by, or under the auspices of, the Company. “Commencement Date” means, subject to IAC Regulation 1.6(b), 1 July 2015. “Committee of Management” means the committee constituted under Part 7 of the Regulations. “Commercial off-the-shelf” and “COTS” means a product that is designed for mass-market distribution and can be bought by any civilian entity, i.e. an unrestricted product not solely used by the military.Inserted effective 1.1.19“Company” means AusPayNet. “Compliance Date” means 31 December 2016. “Compromised Terminal” means a Terminal that has been tampered with for fraudulent purposes. “Constitution” means the constitution of the Company as amended from time to time. “Core Code” has the meaning given in the IAC Regulations.Inserted effective 1.1.16“Corporations Law” means the Corporations Act 2001 (Cth) and associated subordinate legislation as amended from time to time. “Counterfeit ATM Transaction” means a fraudulent ATM Transaction initiated with a counterfeit copy of a chip Card. “Counterfeit ATM Transaction Chargeback Date” [Deleted]Deleted effective 3.7.17“Counterfeit ATM Transaction Claim” means a claim by an Issuer under the indemnity in clause 4.5(c) (Liability Shift for Counterfeit ATM Transaction), made in the manner set out in clause 4.6 (Liability Shift Claim Process) of the IAC Code Set Volume 6 (ATM System Code).Amended effective 3.7.17“Counterparty” means the IA Participant direct settler (for example, an Issuer) identified in a File Settlement Instruction submitted by an Originator (forexample, an Acquirer or Lead Institution), in accordance with this IAC Code Set and the requirements of the RITS Low Value Settlement Service.
Certification Undertakings means all undertakings and representations given to the Company for the purposes of obtaining Certification.Inserted effective 1.1.16