Payment transfer definition

Payment transfer means a payment transaction wherein funds are transferred to a payment account of the Recipient under the initiative of the Payer.

Payment transfer means any lend- er-initiated debit or withdrawal of funds from a consumer’s account for the purpose of collecting any amount due or purported to be due in connec- tion with a covered loan.

Payment transfer means a payment service when money is transferred to your Account under the initiative of the Payer;

Examples of Payment transfer in a sentence

• The effective date of a Purchase Payment, transfer, or withdrawal is the Valuation Date on which the Purchase Payment or the request for transfer or withdrawal is received at the Home Office.

• You must therefore take care to ensure all information you give us in relation to a Credit External Payment transfer request is correct and complete.

• We may also decide not to process a future-dated Credit External Payment transfer if you have instructed us to make the transfer using a PayID and, at the relevant transfer time, we become aware that the details registered for that PayID in the NPP Addressing Service have substantially changed since you instructed us or, in the case of recurring payments, since the previous transfer.

• For those who volunteer, the random assignment process described in more detail below will ensue.

• Credit External Payment transfers are irrevocable and once you have told us to make a Credit External Payment transfer it cannot be stopped or cancelled.

• Where we process a Credit External Payment transfer as an Osko Payment, the transfer will be processed, cleared and settled on a 24/7 near real-time basis.

• The effective date of a subsequent Purchase Payment, transfer or withdrawal is the Valuation Date on which the subsequent Purchase Payment or the request for transfer or withdrawal is received at the Home Office.

• The date your request is received in a Social Security office or the postmarked date, if the written request was mailed, will be the filing date, whichever is earlier.§ 408.1235 How does the State transfer funds to SSA to administer its rec- ognition payment program?(a) Payment transfer and adjustment.

• NEFT/ Online Payment transfer details for Tender Fee and Bid Securing Declaration Form must be submitted along with the tender document.

• Payment transfer data to be sent or retrieval request for the data is digitally signed with the private key belonging to the Client's PKI certificate before connecting to the bank.

More Definitions of Payment transfer

Payment transfer means any lender-initiated debit or withdrawal of funds from a consumer’s account for the purpose of collecting any amount due or purported to be due in connection with a covered loan.

Payment transfer means any lend- er-initiated debit or withdrawal of funds from a consumer’s account for the purpose of collecting any amount due or purported to be due in connec- tion with a covered loan. Bur. of Consumer Financial Protection § 1041.8

Payment transfer means a debit or withdrawal of funds from a consumer’s account that the lender initiates for the purpose of collecting any amount due or purported to be due in connection with a covered loan. A debit or withdrawal meeting this description is a payment transfer regardless of the means the lender uses to initiate it. For example, a payment transfer includes but is not limited to a debit or withdrawal initiated by an electronic fund transfer11

Payment transfer means a debit or withdrawal of funds from a consumer’s account that the lender initiates for the purpose of collecting any amount due or purported to be due in connection with a covered loan. A debit or withdrawal meeting this description is a payment transfer regardless of the means the lender uses to initiate it. For example, a payment transfer includes but is not limited to a debit or withdrawal initiated by an electronic fund transfer (such as a debit card, prepaid card, or ACH transfer), a signature check, a remotely created check, and a remotely created payment order. 12 CFR §1041.8(a)(1)(i). A “single immediate payment transfer” at the consumer’s request is a payment transfer initiated by a one-time electronic fund transfer or signature check within one business day after the lender obtains the consumer's authorization for the transfer or the consumer provides the check to the lender. 12 CFR

Payment transfer a payment transaction wherein funds are transferred to a payment account of the Recipient under the initiative of the Payer. Personal Data – any information related to the natural (private) person whose identity is known or can be directly or indirectly determined by using a personal code (national ID number) and one or more physical, physiological, psychological, economic, cultural, or social features specific to the individual. Pricing – prices for Alphapay services and transactions confirmed by Alphapay in accordance with the established regulations. Profile – the result of registration in the computer system, during which personal data of the registered person is saved, a login name is created, and their rights in the system are defined. Recipient – a natural or legal person, or another organisation or its branch, specified in the Payment Order as a recipient of the funds of the Payment Transaction. Service – payment services provided by Alphapay; also any other service provided by Alphapay. Statement – a document prepared and provided by Xxxxxxxx, which includes information about Payment Transactions executed during a specific period of time. Strong Customer Authentication – the procedure of verification of the identity of a natural or legal person based on the use of two or more elements categorised as knowledge (e.g. static password, code, personal identification number), or other means supported by Alphapay (i. e. token, smart card, mobile phone, biometric characteristics). This procedure is applied when the Client is logging in to their payment account online or through other means of remote access, initiates a payment transaction and, through the means of remote access, carries out any action that might be related to the risk of fraud in carrying out a payment or any other types of misuse. Supplement – an agreement between Alphapay and the Client on the provision and use of separate services provided by Alphapay. A supplement can be identified as an agreement, rules, declaration, plan, or in any other way. A supplement is an integral part of the present Agreement. System – a software solution on Alphapay’s web page and used for the provision of Alphapay services.

Payment transfer a payment transaction wherein funds are transferred to a payment account of the Recipient under the initiative of the Payer. Personal Data – any information related to the natural (private) person whose identity is known or can be directly or indirectly determined by using a personal code (national ID number) and one or more physical, physiological, psychological, economic, cultural, or social features specific to the individual. Pricing – prices for NovaPay services and transactions confirmed by NovaPay in accordance with the established regulations. Profile – the result of registration in the computer system, during which personal data of the registered person is saved, a login name is created, and their rights in the system are defined. Recipient – a natural or legal person, or another organisation or its branch, specified in the Payment Order as a recipient of the funds of the Payment Transaction. Service – payment services provided by NovaPay; a payment service provided by NovaPay, also any other service provided by NovaPay. Statement – a document prepared and provided by NovaPay, which includes information about Payment Transactions executed during a specific period of time. Strong Customer Authentication – the procedure of verification of the identity of a natural or legal person based on the use of two or more elements categorised as knowledge (e.g. static password, code, personal identification number), or other means supported by NovaPay (token, smart card, mobile phone, biometric characteristics). This procedure is applied when the Client is logging in to their payment account online or through other means of remote access, initiates a payment transaction and, through the means of remote access, carries out any action that might be related to the risk of fraud in carrying out a payment or any other types of misuse. Supplement – an agreement between NovaPay and the Client on the provision and use of separate services provided by NovaPay. A supplement can be identified as an agreement, rules, declaration, plan, or in any other way. A supplement is an integral part of the present Agreement. System – a software solution on NovaPay’s web pages, developed by NovaPay and used for the provision of NovaPay services. Unique Identifier – a combination of letters, numbers, or symbols which NovaPay, as a provider of payment services, provides to the User of payments services, and which is used to identify the User of payment services participating in the Pay...