Payment Network definition
Payment Network means a debit or credit network (such as the ACH Network or ACCEL / Exchange payment network) through which funds may be transferred.
Payment Network means any Credit Card Association, electronic funds transfer network, electronic check services association or automated clearing house association, governmental agency or authority, and any other entity or association that issues or sponsors a Payment Device or operates a network on which a Payment Device is processed.
Payment Network means Visa, MasterCard (including Maestro), American Express, Diners Club International, Discover, JCB, China Unionpay and any other card scheme We approve for card payment acquiring, and (in relation to direct debits) BACS, and (in relation to Alternative Payment Scheme Transactions) any Alternative Payment Scheme; Payment Network Rules means the set of bylaws, rules, regulations, operating regulations, procedures and waivers issued by (or formed in relation to) a Payment Network, including any amendment, addition or replacement over time and, in relation to BACS, the BACS Rules; PSRs means the Payment Services Regulations 2017; Restricted Person means any person that is listed on (or owned or controlled by a person listed on) any Sanctions List or is otherwise a target of any Sanctions; and or any persons, countries and/or organisations prescribed by OFAC regulations and United Nations Sanctions, European Union Sanctions Lists and other applicable country financial sanctions from time to time; Sanctions means any economic sanctions laws, regulations, embargoes or restrictive measures imposed by the authorities at any time in the United States, the United Nations, the European Union and/or the United Kingdom, including without limitation, the Office of Foreign Assets Control of the US Department of Treasury, the United States Department of State, and Her Majesty’s Treasuries; Sanctions List means the “Specifically Designated Nationals and Blocked Persons” list issued by the Office of Foreign Assets Control of the US Treasury, the “Consolidated List of Financial Sanction Targets” issued by Her Majesty’s Treasury or other list issued or maintained by the authorities in the United States, the United Nations, the European Union and/or the United Kingdom; Services means, as applicable, the services to be provided by Us in relation to a relevant Access Payment Product and as set out in Statements of Work; Specification means (if any) each specification for the Access Payment Product(s) as set out in the relevant Documentation and/or the Statement of Work; Statement(s) of Work means each statement of work specifying the Access Payment Product(s) to be supplied under this Agreement which incorporate these Terms and Conditions. For the avoidance of doubt, an order form signed by You will be a Statement of Work for the purposes of this Agreement; Terms and Conditions means these terms and conditions;
Examples of Payment Network in a sentence
Delivery speed may vary based upon the fraud, risk and other funds availability policy of the applicable External Account financial institution and Payment Network availability.
We are only responsible for delivery of the applicable Transfer Instructions to the applicable Payment Network in the format required by the applicable Payment Network's specifications.
The Zelle® Payment Service allows for the delivery of payments to Receivers who are also enrolled in the Zelle® Payment Service through a Payment Network designed to deliver payments on the same day and potentially within minutes, although actual speed will vary, as described below.
We are only responsible for delivery of the applicable Payment Instructions to the applicable Payment Network in the format required by the applicable Payment Network's specifications.
Payment delivery speed may vary based upon the funds availability policy of each financial institution and Payment Network availability.
More Definitions of Payment Network
Payment Network means Visa, MasterCard and any credit or debit card network issuing credit or debit cards and/or their duly authorized entities, agents or affiliates.
Payment Network means any Card Brand, EFT Network, ECS Association or automated clearing house association, governmental agency or authority, and any other entity or association that issues or sponsors a Payment Device or PayPal Payment Device (as defined in the Operating Guide) or operates a network on which a Payment Device is processed.
Payment Network means MasterCard International, Inc., Visa International, Inc., Visa USA, Inc., DFS Services LLC, American Express Travel Related Services, Inc., any affiliate of any of the foregoing and any other card association, debit card network or similar entity with whom the Company has a direct or indirect merchant or sponsorship relationship.
Payment Network. A Debit Card network such as, but not limited to, Accel, AFFN, Interlink, MAC, Maestro, NYCE, Pulse, Star and Tyme.
Payment Network means an entity that facilitates and governs payment Transactions, including but not limited to VISA, M/C, Discover, NACHA, CPA and may also be referred to as “Payment Association”. Payment Network Resources: PCI-DSS. “PCI-DSS” or “Payment Card Industry Data Security Standard” means the system security measures established by the major credit card companies. The PCI-DSS is mandated by the credit card companies but administered by the Payment Card Industry Security Standards Council.
Payment Network means Visa or MasterCard.
Payment Network means MasterCard, Visa and any other network, including reload networks, as selected by EFS and approved by Bank (such approval not to be unreasonably withheld), facilitating financial transactions through the use of a credit, debit or prepaid product.