Payment Systems Act definition
Examples of Payment Systems Act in a sentence
Since you are not a user, you agree that Articles 78 and 80 of the Bulgarian Payment Services and Payment Systems Act (or the equivalent provisions of the UK law, if applicable) shall not apply to the relations with Paynetics under the Agreement.
This Framework Agreement is concluded on the basis of the Bulgarian Payment Services and Payment Systems Act and the regulations on its implementation, including BNB Ordinance No. 3, and all other relevant provisions of the applicable Bulgarian law.
AMERICAN CREDIT BANK AD (hereinafter referred to as Bank), entered in the Commercial Register, maintained by Registry Agency, having Unified Identification Code (UIC) 121246419, registered under company file No. 12587/1996 of Sofia City Court, with headquarters and management address at 2 “▇▇▇▇▇▇▇▇▇▇” ▇▇▇., ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇ ▇▇▇▇▇, as a licensed provider of payment services pursuant to the Payment Services and Payment Systems Act (PSPSA), Article 3, par.
Citfin is obliged to credit the funds from the Incoming Payment Transaction to Client Payment Account by deadlines that are defined in the Payment Systems Act, i.e., no later than the end of the business day subsequent to the day when the funds have been credited to the Beneficiary provider's account in favour of the Client.
The Bank, however, may refuse to open the Basic Account or present the draft Basic Account Agreement under the terms and conditions laid down in the Payment Systems Act.
Since the Customer is not a user, the Customer agrees that Articles 78 and 80 of the Bulgarian Payment Services and Payment Systems Act shall not apply to their relations with Paynetics under the Agreement.