Expedited Payment definition
Examples of Expedited Payment in a sentence
The type of expedited payment available for each payee will be displayed on the Expedited Payment screen for the selected payee.
Prior to submission by the User of an Expedited Payment Service request, we are responsible for authenticating Users and their associated funding accounts.
We agree to authorize “direct check” transactions on behalf of your Expedited Payment Service overnight check request.
If funds are collected and no additional debit returns have been received after 5 business days, your Expedited Payment Services will be unblocked.
Expedited Payment Service overnight check payments will be initiated in a “direct check” model, and as such will settle on your account based on the paper check being presented for payment by the payee.
You are responsible for entering and verifying any address for Expedited Payment Service overnight check payments to ensure it is correct and is specified as a valid overnight package address by the delivery service ▇▇▇▇▇▇.
Due to the inherent need to expedite the payment, Expedited Payment Service payment instructions will be completed immediately upon submission of a request from you.
If for any reason, sufficient funds are not available in your checking and/or loan account, your account will be blocked from further use of the Expedited Payment Service and we will attempt to collect payment through various means including debit retry and reversing the payment.
Availability of Expedited Payment options will be limited based on ▇▇▇▇▇▇ capabilities, time of day, payment delivery mechanisms and other factors.
These fees are disclosed in the Expedited Payment Terms and Conditions presented at the time of setting up an Expedited Payment.