Payment Services Provider definition
Examples of Payment Services Provider in a sentence
It is therefore the Account Holder’s responsibility to provide the correct mandatory information (name, address and account number and/or IBAN) to the Payer to ensure that inward Payment Transactions are processed successfully; the incoming payment originates from a Payment Services Provider or Payee which is not accepted by Finductive due to non-reputable jurisdiction or other reputational issue.
It is therefore the Account Holder’s responsibility to provide the correct mandatory information (name, address and account number and/or IBAN) to the Payer to ensure that inward Payment Transactions are processed successfully; • the incoming payment originates from a Payment Services Provider or Payee which is not accepted by Finductive due to non-reputable jurisdiction or other reputational issue.
Subcontractor Payment: Services Provider shall promptly pay all bills for labor and material performed and furnished by others in connection with the performance of the services.
The e-money redemption is made only via transfer to Client’s bank account or another payment account of the Client with a Payment Services Provider in a reputable jurisdiction.
These Reimbursements will only be granted if the purchase or Reimbursement of Electronic Money is carried out to or from an account opened in the User’s name with Payment Services Provider established in a European Union Member State or in a state party to the agreement on the European Economic Area or in a third country that imposes the equivalent requirements regarding money laundering and the financing of terrorism.