Instant Credit definition

Instant Credit means an Account application procedure designed to open Accounts whereby the application information is communicated to Bank either (i) verbally at Point of Sale; or (ii) systemically during the order entry process.
Instant Credit means [*].
Instant Credit means an Application procedure designed to open Accounts as expeditiously as possible at POS, whereby the Application information is communicated to the Bank systemically at POS or during the order entry process to facilitate the necessary credit analysis.

Examples of Instant Credit in a sentence

  • What is an ancillary system technical account in TIPS?Ancillary system technical accounts (ASTAs) are held in TIPS for all clearing systems that process instant payments in accordance with the SEPA Instant Credit Transfer (SCT Inst) scheme.

  • The only requirements are that reachable parties can be reached in TIPS by means of their own business identifier code (BIC) and that they participate in the SEPA Instant Credit Transfer scheme by signing the EPC’s Adherence Agreement.


More Definitions of Instant Credit

Instant Credit means the generally applicable new Account acquisition process at Stage's physical POS via manual data entry, as in effect on June 1, 2012 and modified from time to time by agreement of the parties.
Instant Credit means Pier 1’s POS new Account acquisition. See also Schedule 2.2 (b) regarding Quick Credit.
Instant Credit means a Credit Card Application procedure for a Private Label Credit Card whereby the Credit Card Application information is communicated to Bank by Company either (i) verbally at the POS at the time of a transaction; or (ii) systemically during the order entry process.
Instant Credit shall have the meaning set forth in Schedule 2.3.2.
Instant Credit is an application procedure designed to open Accounts at POS in stores, via a VRU, or through Retailer-designated websites. An Applicant’s application information, as specified in the Operating Procedures, as well as an email address and approval or disapproval of a debt cancellation product, is manually entered into the POS, signature capture device, telephone or web application and is systemically communicated to Bank for disposition. For the avoidance of doubt, Retailer, in its sole discretion, may require a valid “Reference Credit Card,” as specified in Section 5.2 of the Operating Procedures. THIS SCHEDULE HAS BEEN REDACTED AND IS THE SUBJECT OF A CONFIDENTIAL TREATMENT REQUEST PURSUANT TO RULE 24b-2. REDACTED MATERIAL IS MARKED WITH [***] AND HAS BEEN FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION. Schedule 3.6.1 Marketing Fund The Joint Marketing Plan shall be funded by Bank, or as otherwise may be set forth in the applicable Joint Marketing Plan, or as determined by the Management Committee. With respect to Bank’s contribution, beginning with the first anniversary of the Program Commencement Date, Bank shall allocate to the Marketing Fund annually an amount equal to [***] of the total amount of Net Credit Sales over the twelve (12) Retailer Fiscal Months immediately prior to such anniversary date, to be used in any month. All unused funds in the Marketing Fund [***]. Bank’s contribution to the Marketing Fund shall be utilized solely to promote Next Generation Marketing within the Program, including, but not limited to the following services, to be performed by Retailer or Bank, as appropriate. [***] Notwithstanding anything to the contrary herein, on the date that is thirty-six (36) months from the Program Commencement Date, [***] of the total number of Cardholders as of such date, then use of the Marketing Fund shall not be limited to Next Generation Marketing and may be used, at Retailer’s discretion, for any type of prospecting for additional Cardholders. Consistent with current practices, Retailer shall continue to fund and perform the following: [***] The Marketing Fund shall not be used towards the following items, [***]: • Expenditures related to the Transition Plan as identified in Schedule 2.1.1 • Plastic Credit Cards or documentation for Credit Cards • New Account terms and conditions documentation, envelopes, and mailing • Collateral materials for the Program such as take-one applications • Marketing of approved ancillary p...
Instant Credit. Where instant credit is granted under this Agreement, you may draw on credit up to the agreed credit limit notified to you at the time instant credit is granted. Creation Financial Services is a member of the Finance & Leasing Association (FLA) and follow the FLA Lending Code. Copies of the FLA Lending Code are available on request from us. This code sets out standards of good practice for the finance industry and provides you, the customer, with reassurance that you are dealing with a reputable organisation. Any outstanding complaint regarding your account can be referred to FLA, which operates free conciliation and independent arbitration schemes. Complaints should be referred to the FLA Compliance Manager by Phone: 000 0000 0000, Fax: 000 0000 0000, Email: xxxx@xxx.xxx.xx, or in writing to Finance & Leasing Association, Xxxxxxxx Xxxxx, 00-00 Xxxxxxxx, Xxxxxx XX0X 0XX. Calls may be recorded. Calls charged at basic rate. The number provided may be included as part of any inclusive call minutes provided by your phone operator.
Instant Credit means an Application procedure designed to open Accounts as expeditiously as possible at POS, whereby the Application information is communicated to the Bank systemically at POS or during the order entry process and without a paper Application being completed by an Applicant, through the electronic submission by the Applicant of a credit card or other Bank- approved identification to facilitate the necessary credit analysis required by the Risk Management Policies.