Examples of Payor Financial Institution in a sentence

If you submit the original voided Item for processing, we reserve the right to refuse to process the Item for deposit and presentment to the Payor Financial Institution and may instead require you to have the maker reissue the Item.
Customer Representations and Warranties You understand and agree that an item or its corresponding electronic Item that is not paid by a Payor Financial Institution, or is otherwise returned for any reason, will be returned to you and your account charged for the amount of the Item or corresponding electronic Item plus any associated fee as disclosed in our Schedule of Fees – Business Banking herein.
Payor Financial Institution: The United States Financial Institution ordered in a Check to make payment to the payee(s) named on the Check.
Correction will be limited to reprocessing, reprinting and/or representing the Image Exchange Items or Substitute Checks to the Payor Financial Institution.
Correction will be limited to reprinting and/or re-presenting Substitute Checks or Digitized Items to the Payor Financial Institution.

More Definitions of Payor Financial Institution

Payor Financial Institution means the United States Financial Institution ordered in an Item to make payment to the payee(s) named on the Item. • "Regulation CC" means 12 C.F.R. Part 229, as it may be amended from time to time.

Payor Financial Institution. Payor Financial Institution" means the United States Financial Institution ordered in an Item to make payment to the payee(s) named on the Item. Product "Product" means collectively the procedures, protocols, and software used by Credit Union and its licensors and contractors in connection with the electronic processing of Items, and includes without limitation the Services.

Payor Financial Institution means the United States Financial Institution ordered in a Check to make payment to the payee(s) named on the Check. Program means collectively the procedures, protocols, and software used by Xxxxx Bank and its licensors and contractors in connection with the electronic processing of Checks, and includes without limitation the Software and the Services. Regulation CC means 12 C.F.R. Part 229, as it may be amended from time to time. Services means the services described in Exhibit B to be provided by Xxxxx Bank, or an agent or designee of Xxxxx Bank, to enable Customer to process Checks digitally and through Substitute Checks. Software means that portion of the software developed, licensed and/or provided by Xxxxx Bank and its licensors for operation of the Program, that Xxxxx Bank delivers or provides to Customer hereunder.

Payor Financial Institution means the United States Financial Institution that is a payor bank for any Item.

Payor Financial Institution means the United States Financial Institution ordered in a Check to make payment to the payee(s) named on the Check. Regulation CC means 12 C.F.R. Part 229, as it may be amended from time to time. Service means collectively the procedures, protocols, and software used by Bank and its licensors and contractors in connection with the electronic processing of Checks, and includes without limitation the Software and the services described herein. Software means that portion of the software developed, licensed and/or provided by Bank and its licensors for operation of the Service, that Bank delivers or provides to Customer hereunder.

Payor Financial Institution means a United States bank, savings and loan association, credit union, clearinghouse or a government agency that pays or clears Checks in the regular course of its operations or business that is to make payment of an Item to the payee(s) named on the Item.

Payor Financial Institution means the Financial Institution ordered in an Item to make payment