Host Banking System definition
Host Banking System means the banking system software owned by or licensed to the Facilitating Bank, which will be interfaced with the Payment Software and ATMs to create the Payment System. Master Corporate Account means the Customer’s account held at the Facilitating Bank from which payments will be made to Cardholders. Operation Specification means the specification of the Services as set out in the Operation Specification Schedule (Schedule C).
Host Banking System means the banking system software owned by or licensed to the Facilitating Bank, which will be interfaced with the Payment Software and ATMs to create the Payment System.