Payment Channel definition
Examples of Payment Channel in a sentence
Each party may propose to add, remove or modify a Payment Channel in accordance with the procedures set forth in Section 3.4 and Section 3.5; provided, however, that Company may stop accepting In-Store Payments upon thirty (30) days prior notice to Bank if accepting In-Store Payments becomes operationally burdensome and Bank may direct Company to stop accepting In-Store Payments upon thirty (30) days prior notice if required by Applicable Law.
Whereas the Merchant (Customer)wants to use the Electronic Payment Channel (Online) to enable its customers to pay for rents/services through its website by using their debit (K-net) cards ("Transaction" or "Transactions").
Our agreements with 3rd Parties relating to the BPAY Payment Channel may require us to enforce your obligations against you if you breach them.
The Integrated Receivables Service provides The Client with access to a central online repository, archive, and integration point for Payment Channel data, images and information.
All data, images and information reported through the Integrated Receivables Service are reported after such data, images and information are captured through the Payment Channel after final settlement of the incoming payment.
The Merchant shall provide such copies of the Transaction receipts to RMS within five (5) Business Day upon receipt of such request to do so from RMS and hereby authorizes RMS to transfer such information to the E-Wallet Issuer, Card Issuer or the Payment Channel operator, where required for the purposes of providing the Services to the Merchant.
Should the payment posted by Borrower in any Payment Channel be insufficient to cover the monthly recurring fee due to Globe, the loan installment payment due to Lender for the said month, its interest, as well as other fees and charges due from Borrower to Globe for the said month, the payment shall be applied first to any amount due to Lender under this Agreement and any excess shall be applied to any amount due to Globe under the Subscription Agreement.
For the avoidance of doubt, if there is any inconsistencies between the Schedules and the main in the Agreement herein, the specific terms and/or definitions in the Schedules shall prevail with respect to the Payment Channel used by the Merchant.
The Merchant shall perform payment verification with the E-Wallet User, Card Issuer or the Payment Channel operator where required.
Depending on the Payment Channel selected by you, you may also need to satisfy other security requirements before you are able to make payment.