Payment Station definition

Payment Station. This service is provided to Banco Popular’s clients who wish to use its branch network to collect retail (coupon) payments. Includes truncated (Payment Station) as well as non truncated payments (Bin1 or External Payments). Files containing payments received at branches are combined with payments received from other sources (such as, Lock Box, TelePago, PER, etc). Bin 1 payments are forwarded manually to Payment Processing for capturing. • MultiPago: EVERTEC will provide accounting services to Banco Popular’s clients that are small business and wish to outsource the payment handling and posting. EVERTEC will also have payment books printed and distributed to Customers’ clients. The Customers’ clients get the convenience of making their payments through TelePago, by mail or at any of the Customer’s branches through tellers, automatic teller machines, drop boxes and service windows. The file containing payments received from all sources are posted to the Multipago Application (main Frame or WEB) and reports are generated and distributed to Banco Popular’s clients either physically or at the WEB site. • PER: (Remote Payment Stations) EVERTEC will electronically receive and process the payments for different agencies (telephone, electricity, water, etc.) that are received at remote locations using a proprietary capture application. Files containing payments are consolidated by agency and combined with payments received from other sources; funds are transferred via ACH and credited to the agencies next day. • TelePago: EVERTEC will receive payment files from the TelePago Application and balance and combine with payments received from other sources. These files contain payments received by MiBanco, PC Banco, and TeleBanco VRU and Operators. This application also forwards payments truncated at Banco Popular’s branches. Reports containing payments received by agency are printed and forwarded to Customers’ clients either physically or via WEB.
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Payment Station means a device that accepts various payment methods (e.g. coins, bills, credit or debit cards) for copies and prints and provides change as required.
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Payment Station means the functionality within the TACH participant system which provides facilities for preparation and sending of files of payment instructions to the central TACH System. “Payment Originator (PO) module” means a facility that allows participants to capture payment instruction. “Receiving Bank” means the bank that collects an electronic transfer from another bank for posting to a customer’s account “Reserve” means funds set aside in TISS specifically for the settlement of a NSI from TACH system. “Rules” mean in this context TACH Rules and Operational Procedure as may be amended from time to time. “Settlement” means a mechanism by which obligations in respect of funds transfer or in respect of payments in securities transactions between two or more parties are finally discharged in TISS which is irrevocable and unconditional. “Settlement Account” means an account with the Bank, which is maintained in the TISS by an institution subject to the rules and procedures of the TISS system. “Settlement Agent” means the Bank which manages the settlement processes for a clearing system. “Straight Through Process (STP)” means the mechanism that automates the end to end processing of transactions of financial instruments without intervention of any sort. “Tanzania Automated Clearing House (TACH)” means a virtual clearing house responsible for calculation of mutual position within a group of participants or users to facilitate the settlement of their obligations on a net basis.
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Examples of Payment Station in a sentence

  • EVERTEC will provide Payment Processing services to the Customer that will include Wholesale Lockbox, Retail Lockbox, Payment Station, MultiPago, PER and TelePago.

  • Process of payment using manual operation Per coupon $ [***] 2125 Payment Station Transmission Per transmission $ [***] 2126 Payment station Invoice.

  • You will be provided with keys for the self-issue machine front panel and for the Payment Station panel (if present) plus an admin card for the machine.

  • If there are problems with the Payment Station, access the panel below the coin acceptor with the key provided.

  • Includes truncated (Payment Station) as well as non truncated payments (Bin1 or External Payments).

  • You may add value to Your Essential Bucks Account via a campus Payment Station, the Quick Add Value link accessed via your Connections login or via a cash payment at the Business Office.

  • None of Company, any of its Subsidiaries or any of its or their executive officers has received within the past three years any written notice of intent by any Governmental Entity responsible for the enforcement of labor or employment laws to conduct an investigation relating to Company or any of its Subsidiaries and, to the Knowledge of Company, no such investigation is in progress.

Related to Payment Station

  • Payment Statement As defined in Section 6.01 hereof.

  • Agreement State means any State with which the U.S. Nuclear Regulatory Commission or the U.S. Atomic Energy Commission has entered into an effective agreement under subsection 274b. of the Atomic Energy Act of 1954, as amended (73 Stat. 689).

  • Stage Payment Statement shall have the meaning set forth in Clause 19.4; “Structures” means an elevated road or a flyover, as the case may be;

  • Final Payment Statement shall have the meaning set forth in Clause 19.13;

  • Settlement Statement means a statement substantially in the form of Exhibit A to the 2014-A Servicing Supplement.