Payment Solution definition

Payment Solution means Licensee’s business of providing a hosted online payment solutions exclusively that enables transactions between businesses and consumers, employing CardVoii Solution(s) using any of Licensee’s backend platform
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Payment Solution means the processing of payments sought to be made by the Customers by way of Payment Instrument, through Equipment that will be provide by Worldline to enable the Authentication of Customers and Authorization of payments on Payment Instrument in accordance with Payment Mechanism and Worldline Platform,.
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Payment Solution indicates the technical and material means made available by the Platform to Users in order to process and authorise their payment orders (by Card or by any other Payment Method) to Account Holders.
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Examples of Payment Solution in a sentence

  • Worldline and the Facility Providers reserves the right, but shall not be obliged, to make changes, enhancements, and/or modifications to the Payment Solution including, without limitation, the development of updates, patches, upgrades and/or the procurement of new releases of any software.

  • Worldline and the Facility Providers does not guarantee, but would reasonably endeavor, that the Payment Solution will, at all times, be equipped with adequate security measures.

  • Worldline, and the Facility Providers shall not be liable for any losses, damages and/or expenses incurred by the Customer, the Merchant in respect of any loss of access and/or use or interruption or any delay in the use of the Payment Mechanism / Payment Solution/ Worldline Platform due to the Maintenance Services or otherwise.

Related to Payment Solution

  • Cash Payment System means a payment system that generates any transfer of funds through a transaction originated by cash, check, or similar paper instrument. This includes electronic payments to a financial institution or clearing house that subsequently issues cash, check, or similar paper instrument to the designated payee.

  • payment system means a funds transfer system with formal and standardised arrangements and common rules for the processing, clearing and/or settlement of payment transactions;

  • Payment Initiation Service Provider or “PISP” means an authorised third party provider which provides a service that allows that third party to pass payment instructions to us on your behalf in relation to your Account.

  • Payment Plan means the schedule of payment prescribed in Schedule C;

  • Net Payment With respect to any Distribution Date on or prior to the Swap Contract Termination Date, an amount equal to the sum of (i) any Current Interest and Interest Carry Forward Amounts in respect of the Benefited Certificates, (ii) any Net Rate Carryover in respect of the Benefited Certificates, (iii) any Unpaid Realized Loss Amounts in respect of the Benefited Certificates and (iv) any Overcollateralization Deficiency Amount, in each case remaining unpaid (or in the case of Overcollateralization Deficiency Amount, remaining) following the distribution to the Benefited Certificates of Excess Cashflow and Credit Comeback Excess Cashflow pursuant to Section 4.04(c) of the Pooling and Servicing Agreement. With respect to any Distribution Date after the Swap Contract Termination Date, zero.

  • Payment Notice has the meaning assigned to it in Section 8.06(c).

  • Payment card means a credit card, charge card, debit card, or any other card that is issued to an authorized card user and that allows the user to obtain, purchase, or receive goods, services, money, or anything else of value from a merchant.

  • payment initiation service means a service to initiate a payment order at the request of the payment service user with respect to a payment account held at another payment service provider;

  • Payment device means any credit card as defined in 15 U.S.C. § 1602(k) or any "accepted card or

  • payment service provider means a person whose business includes the provision of transfer of funds services;

  • Settlement Payment means the transfer, or contractual undertaking (including by automated clearing house transaction) to effect a transfer, of cash or other property to effect a Settlement.

  • Payment Recipient has the meaning assigned to it in Section 12.13(a).

  • Installment Payment has the meaning ascribed to it in Section 2.02(a).

  • Installment Payment Date means the date on which an installment payment of an assessment is payable.

  • Payment means any payment or distribution in the nature of compensation (within the meaning of Section 280G(b)(2) of the Code) to or for the benefit of the Executive, whether paid or payable pursuant to this Agreement or otherwise.

  • Company Termination Fee has the meaning set forth in Section 7.3(a).