Payment Initiator definition

Payment Initiator means an approved payment service provider who, whether acting on behalf of you or a merchant, is authorised by you to initiate payments from your account
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Payment Initiator means a payment service provider who, acting on behalf of a Merchant, is authorised by the Merchant to establish PayTo Payment Agreements and/or initiate PayTo payments from your account.
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Payment Initiator means a card holder or account holder who initiates a payment with the Service for the purpose of paying a Merchant for goods and/or services.
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Examples of Payment Initiator in a sentence

  • You are responsible for ensuring that you comply with the terms of any agreement that you have with a Merchant or Payment Initiator, including any termination notice periods.

  • You will be liable for any loss that you suffer as a result of the cancellation of a Payment Agreement that is in breach of the terms of an agreement between you and the relevant Merchant or Payment Initiator (for example, any termination notice periods that have not been adhered to or cancellation fees imposed by the Merchant or Payment Initiator).

  • You may not request us to amend the details of the Merchant or Payment Initiator, or another party.

  • Your Payment Agreement may be amended by the Merchant or Payment Initiator from time to time, or by us on your instruction.

  • If you do not consent to the variation of the Direct Debit arrangement you must advise the Merchant or Payment Initiator.

  • If you have an existing Direct Debit arrangement with a Merchant or Payment Initiator, you may be notified by them that future payments will be processed from your Account under PayTo. You are entitled to prior written notice of variation of your Direct Debit arrangement and changed processing arrangements, as specified in your Direct Debit Service Agreement, from the Merchant or Payment Initiator.

  • We will send you notification/s of proposed amendments to the payment terms of the Payment Agreement requested by the Merchant or Payment Initiator.

  • You acknowledge that you are responsible for any loss that you suffer in connection with the cancellation or pausing of a Payment Agreement or Migrated DDR Mandate by you which is in breach of any agreement that you have with that Merchant or Payment Initiator.

  • We will process instructions received from a Merchant or Payment Initiator on the basis of a Migrated DDR Mandate.

  • If the Merchant or Payment Initiator cancels a Payment Agreement to which you are a party, your Payment Agreement will be visible from the “Prior PayTo Agreements” menu within Internet Banking.


More Definitions of Payment Initiator

Payment Initiator means a payment service provider who, whether acting on behalf of the Payer Customer or a Payee Customer, is authorised by the Payer customer to initiate payments from the payer customer’s account. 24 Ph: 1300 611 406enquiries@zepto.com.au www.zepto.com.auSTv1.0(June 2023) 3 Authorised Payment Mandate3.1 Creating an Authorised Payment Mandate
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Related to Payment Initiator

  • Program Manager means the HCAI manager responsible for the grant program.

  • Contract Manager means the DNR staff person who processes this contract, makes payments, provides and facilitates dispute resolution, provides technical advice to the Compliance Forester, and is the first point of contact for questions relating to this contract or interpretation of Work. The Contract Manager may perform the duties of the Compliance Forester.

  • Milestone means an event or task described in the Implementation Plan which must be completed by the corresponding date set out in such plan;

  • Individual PAGA Payment means the Aggrieved Employee’s pro rata share of 25% of the PAGA Penalties calculated according to the number of Workweeks worked during the PAGA Period.