EFT Data definition
Examples of EFT Data in a sentence
Funds collected from the Federal Reserve as a result of the processing of EFT Data entries.
A date specified by CLIENT, on which date EFT Data Entries will be available to Customers’ banks that receive EFT Data from the Federal Reserve.
Paysafe shall provide an electronic bulletin board service or other like service for the purpose of receiving EFT Data from Client, posting Returned Items, correction notices and account statements for Client.
CLIENT shall cause the EFT data to be delivered to Cliq in a timely fashion to permit the electronic processing on the date designated by CLIENT which is estimated to require the delivery of the EFT Data not less than (2) banking days prior to the scheduled processing date.
Cliq shall provide an electronic means (electronic bulletin board service, or other like service) for the purpose of receiving EFT Data from CLIENT, posting return Items, correction notices and account statements for CLIENT.
CLIENT warrants to Cliq that all data and entries contained in EFT Data and delivered to Cliq by CLIENT will contain true and accurate information; will be authorized by Customer.
CLIENT shall cause the EFT data to be delivered to PRI in a timely fashion to permit the electronic processing on the date designated by CLIENT which is estimated to require the delivery of the EFT Data not less than (2) banking days prior to the scheduled processing date.
Client shall comply with the security procedures requirements consistent with the Rules with respect to EFT Data.
Electronic Funds Transfer ("EFT") Data is that certain data collected by CLIENT indicating funds to be distributed by credit or debit to Customers’ accounts of Customers authorizing such credit or debit.
Client shall comply with the security procedures requirements consistent with the Rules with respectto EFT Data.