Payment agency definition

Payment agency means a physical location established by a local exchange company, either on its own premises or through a subcontrac- tor, for the purpose of receiving cash and urgent payments from cus- tomers.

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Payment agency means a physical location estab- lished by a local exchange company, either on its own prem- ises or through a subcontractor, for the purpose of receiving cash and urgent payments from customers.

Payment agency means any of the following agencies: • Department for Work and Pensions; or • Veterans UK; or • Social Security Agency in Northern Ireland; or • Social Security Scotland; or any such agency that may replace it.

Examples of Payment agency in a sentence

• The purpose of this Agreement is to streamline settlements for charges at the compatible stores and improve the efficiency of administrative processes such as settlements for charges by enabling the Payment Agency to allow Sub-Merchants to conduct settlements at the compatible stores using Cards, as well as to realize the expansion of Card [use] and improve convenience at the compatible stores, and to contribute to the development of the businesses of PPCD, the Payment Agency, and the Sub-Merchants.

• The Payment Agency shall pay to PPCD the amount obtained by multiplying the amount of the charges for Goods, Etc.

• PPCD may revise the merchant fee rate one time each year in accordance with the credit sales results of the Payment Agency for the period starting on January 1 and ending on December 31 each year (the “Target Period”).

• If PPCD conducts this revision, PPCD shall notify the Payment Agency of the revised merchant fee rate by no later than the last day of February in the year immediately following the relevant Target Period.

• The Payment Agency may, if necessary in order to perform the services prescribed in Article 3 and after receiving the authorization of PPCD, use the trade name, trademarks, service names, logos, and the like of PPCD in printed materials and digital mediums, etc.

• The same shall apply in respect of the Payment Agency if PPCD terminates this Agreement pursuant to the preceding paragraph.

• The Payment Agency shall handle any inquiries, complaints, disputes, or the like from a Customer, Sub-Merchant, or other third party regarding Cards and the like at the Payment Agency’s own responsibility and expense.

• The Payment Agency represents and warrants that it has been granted the receiving agent authority by the Sub-Merchants.

• If this Agreement ends, PPCD shall suspend the provision of the system used for settlements via Cards and the like to the Payment Agency via the method prescribed by PPCD.

• Notwithstanding the provisions of the preceding paragraph, if a change to the merchant fee rate becomes necessary due to an agreement with a Card company, a change in the rules of an international brand, or the like, PPCD may change the merchant fee rate by issuing notice thereof to the Payment Agency by no later than three months prior to such change.

More Definitions of Payment agency

Payment agency means a physical location estab- lished by a local exchange company, either on its own pre- mises or through a subcontractor, for the purpose of receiving cash and urgent payments from customers.

Payment agency means any of the following 1. Definitions (continued)

Payment agency means an entity that itself complies with the Merchant Terms and, in accordance with these Conditions, (i) prescribes its own Payment Agency Terms, (ii) allows Sub-Merchants to use Cards pursuant to the Payment Agency Terms, (iii) receives the charges for Goods, Etc., and (iv) otherwise conducts various acts prescribed in these Conditions on behalf of the operators of the compatible stores.