Payment instrument definition

Payment instrument means any personalised device(s) and/or set of procedures agreed between the payment service user and the payment service provider and used in order to initiate a payment order;
Payment instrument means a check, draft, money order, traveler’s check, or other instrument for the transmission or payment of money or monetary value, whether or not negotiable. The term does not include a credit card voucher, letter of credit, or instrument that is redeemable by the issuer in goods or services.
Payment instrument means any electronic or written check, draft, money order, travelers check, or other wire, electronic, or written instrument or order for the transmission or payment of money, sold or issued to 1 or more persons, whether or not the instrument is negotiable. The term includes any closed-loop prepaid access or prepaid access device or vehicle. The term does not include any credit card voucher, letter of credit, or tangible object redeemable by the issuer in goods or services.

Examples of Payment instrument in a sentence

  • The details of pay-in and pay-out bank account provided by the investor will be used by AMC/ The Fund/Registrar to verify whether the subscription is through Third Party Payment instrument.

  • SPS-EFT agrees to waive section 11.2 (n) and to guarantee Stop Payment instruments up to the limit which was approved by SPS-EFT’s underwriting department at the time of acceptance, provided that Merchant shall have performed all of his obligations related to the issuance of said qualified instrument and is compliant with Section 11.1 and 11.2. At SPS-EFT's request, Merchant shall provide written information regarding any claim for reimbursement of a Stop Payment instrument.

  • Payment instrument shall be paid only if the transaction account debited for issuance of the payment instrument has a coverage.

  • Payment instrument in respect of one copy of Tender Acceptance letter manually, Tender fee, EMD, Lab Test Certificate, Pre-receipt challan for refund of Earnest Money duly completed in all respect are to be submitted in the tender box kept at Reception in the DIGP, GC, CRPF, Bantalab, Jammu-181123 before specified time and date mentioned in the Schedule to Tender.

  • Payment instrument provided towards investment can be from any of the below accounts with no amount limit.


More Definitions of Payment instrument

Payment instrument means a check, draft, money order,
Payment instrument means a check, draft, money order, traveler’s check, stored-value, or other instrument or order for the transmission or payment of money or monetary value, sold to one or more persons, whether or not that instrument or order is negotiable. “Payment instrument” does not include an instrument that is redeemable by the issuer or an affiliate in merchandise or service, a credit card voucher, or a letter of credit.
Payment instrument means any electronic or written check, draft, money order, traveler's check, or other electronic or written instrument or order for the transmission or payment of money, sold or issued to one or more persons, whether or not such instrument is negotiable. The term "payment instrument" does not include any credit card voucher, any letter of credit, or any instrument that is redeemable by the issuer in goods or services.
Payment instrument means any cheque, traveler’s cheque, demand draft, cashier’s order, money order, postal order or other similar instrument.
Payment instrument means a card, number, code, electronic profile or other thing personal to you that we give you to allow you make a payment transaction on your Account.
Payment instrument means a payment instrument as defined in Article 4(23) of Directive 2007/64/EC;
Payment instrument means any personalised device or procedure made available by the Bank to the Account Holder which will allow the Account Holder execute a payment transaction on the Account e.g. phone or online banking security devices;