Non-Qualified Transactions definition

Non-Qualified Transactions means: (i) any Transaction submitted for processing more than 48 hours past the time the Authorization occurred; (ii) any Transaction missing required data; and (iii) any Transaction categorized as such by the processor designated by Bank to settle Transactions with the Associations.

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Non-Qualified Transactions or "NQr' means any item not received by FNBN and HMS within two (2) calendar days from the authorization date aod any transaction excluded from the QT criteria set forth in subparagraph h immediately below. The authorization date and the FNBN andlor HMS processing date are esch counted

Non-Qualified Transactions shall refer to a fee generated when a transaction does not qualify as a consumer utility rate qualified transaction.

Examples of Non-Qualified Transactions in a sentence

Different Merchant Discount Rates may apply to Qualified, Mid-Qualified and Non-Qualified Transactions, as shown on Schedule A.
Different Merchant Discount Rates apply to Qualified, Mid-Qualified and Non-Qualified Transactions, as shown on Schedule A.
Different MDRs apply to qualified, Mid-Qualified and Non-Qualified Transactions.
Formula to be used for calculating Non-Qualified Transaction Fee: Total Payment Amount of Non-Qualified Transactions minus (10% of the total Payment Amount from all payment methods), multiplied by 2.5% = Non-Qualified Transaction Fee Amount.
The Paymentus Service Fee is based on the Average ▇▇▇▇ ▇▇▇▇▇▇, current payment method mix (credit vs debit vs e-check) and on the assumption that the total Payment Amount collected each month from Non-Qualified Transactions does not exceed 10% of the total card volume of the Payment Amount collected by Paymentus per month for all payment methods (“Fee Assumptions”).
Different Merchant Discount Rates apply to Qualified, Mid-Qualified and Non-Qualified Transactions, as shown on the Addendum.
The Merchant Discount Rate, Authorization Fees and Transaction Fees are set forth in the Merchant Application and Agreement.Different Merchant Discount Rates apply to Qualified, Mid-Qualified and Non-Qualified Transactions, as shown in the Merchant Application and Agreement.
Different Merchant Discount Rates apply to Qualified, Mid-Qualified, and Non-Qualified Transactions, as shown on the Application.
Different Merchant Discount Rates apply to Qualified, Mid-Qualified and Non-Qualified Transactions, as shown on the Application.

More Definitions of Non-Qualified Transactions

Non-Qualified Transactions means: (i) any Transaction submitted for processing more than 24 hours past the time the issuer authorization occurred; (ii) any Transaction missing required data. Operating Account: A technical account in the name of a Merchant within PAYSTRAX’s systems, that holds the settlement position of the Merchant, in accordance to the Merchant Framework Agreement.

Non-Qualified Transactions means: (i) any Transaction submitted for processing more than 24 hours past the time the Authorization occurred; (ii) any Transaction missing required data. PA DSS: Payment Application Data Security Standard. A security standard for payment equipment in accordance with the security requirements of PCI DSS, cf. below. Payment account: Account in the name of a merchant at KORTA that is used for making payments. Payment card: Domestic debit cards, the international payment cards that an agreement covers, e.g., MasterCard, Maestro, Visa, Visa Electron and V PAY. Payment cards, such as debit and credit cards, are also defined as an example of a payment medium under the Act on Payment Service no. 120/2011. Payment service provider: Service provider handling payment information and card payments on behalf of a merchant. KORTA is a payment service provider, as a payment institution, cf. subpar. 14 (g) of Art. 8 of the Act on Payment Service no. 120/2011. Payment system: A system to transfer amounts of money formally in a standardised arrangement and mutual rules on the handling, clearance and/or settlement of payments. PIN: PIN stands for Personal Identification Number, a personal PIN related to a payment card. A PIN can be an example of a unique identifier, in the meaning of subpar. 21. of Art. 8 of Act on Payment Service no. 120/2011. Pre-Authorized Recurring Order Transactions: mean Transactions that have been pre-authorized by the Cardholder and for which the goods or services are to be delivered or performed in the future by Merchant without having to obtain approval from the Cardholder each time.

Non-Qualified Transactions shall refer to transactions that do not qualify at the expected consumer interchange level by Visa®, MasterCard®, and Discover® Network. .