Mistaken Internet Payment definition

Mistaken Internet Payment means a payment by a user through a ‘Pay Anyone’ internet banking facility and processed by an ADI through direct entry where funds are paid into the account of an unintended recipient because the user enters or selects a Bank/State/Branch (BSB) number and/or identifier that does not belong to the named and/or intended recipient as a result of:

Mistaken Internet Payment means a payment made by a user through Pay Anyone where:

Mistaken Internet Payment means a Pay Anyone Payment where the funds are paid into the account of an unintended recipient because a BSB, accountnumber and/or other identifier that does not belong to the intended recipient was entered as a result of:• you or an Authorised User’s error, or• you or an Authorised User being advised of the wrong BSB, account number and/or other identifier.

Examples of Mistaken Internet Payment in a sentence

• If we are not satisfied that a Mistaken Internet Payment has occurred, we will not take further action and you will be liable for the loss arising from the payment.

• If the receiving ADI is not satisfied that a Mistaken Internet Payment has occurred, it may (but it is not obliged to) seek the consent of the recipient to enable the return of funds to us.

• You will be notified in writing, within 30 Business Days of receipt of the report of a Mistaken Internet Payment from your Cash Account, of the outcome of our investigation.

• We will need to collect information from you or an Authorised User that will allow us to investigate and determine whether a Mistaken Internet Payment has occurred.

• If we are satisfied that a Mistaken Internet Payment has occurred, we will send a request for the return of the funds to the ADI whose customer received the payment (known as the receiving ADI).

More Definitions of Mistaken Internet Payment

Mistaken Internet Payment means a payment made by a user through Pay Anyone where funds are paid into the Account of an unintended recipient because the user enters or selects a BSB number and/or account number that does not belong to the named and/or intended recipient as a result of:

Mistaken Internet Payment means a payment, other than one made using BPAY, by an individual through a ‘Pay Anyone’ internet banking facility and processed through direct entry where the funds are paid into the account of an unintended recipient because the individual enters or selects a BSB number and/or identifier that does not belong to the intended recipient as a result of the individual’s error or the individual being advised of the wrong BSB number and/or identifier.

Mistaken Internet Payment means a payment by a user through Internet Banking payment facility and processed by an ADI through BECS (direct entry), Osko® and NPP Payment where funds are paid into the account of an unintended recipient because the user enters or selects a BSB number, account number, PayID and/or identifier that does not belong to the named and/or intended recipient as a result of:

Mistaken Internet Payment means a payment using a ‘pay anyone’ Internet Banking facility (for example, an external Funds Transfer) processed by an ADI through direct entry where funds are paid into the account of an Unintended Recipient because the transferor entered or selected a BSB number and/or Identifier that does not belong to the named and/ or intended recipient as a result of:

Mistaken Internet Payment means a payment instructed by a ‘user’ (as defined by the ePayments Code):

Mistaken Internet Payment. Means a payment (other than BPAY) by you through a “Pay Anyone” Internet Banking facility and processed by us where funds are paid into the Account of an unintended recipient because you have entered or selected a BSB number and/or Account number that does not belong to the named and/or intended recipient as a result of:- User error- User being advised of wrong BSB number or Account number.

Mistaken Internet Payment means a “Mistaken Internet Payment” under the ePayments Code or a “Mistaken Payment” under the NPP Regulations.